ANSYS (ANSS) was Downgraded by Wedbush to ” Neutral” while Lowering the Price Target of the company shares to $ 86 from a previous price target of $91 . Earlier the firm had a rating of “Outperform ” on the company shares. Wedbush advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on ANSYS. Shares were Reiterated by Wedbush on Feb 16, 2016 to “Outperform” and Lowered the Price Target to $ 94 from a previous price target of $98 .
On the company’s financial health, ANSYS reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.76. The company had revenue of $226.00 million for the quarter, compared to analysts expectations of $228.66 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
ANSYS closed down -1.34 points or -1.47% at $89.96 with 5,30,940 shares getting traded on Wednesday. Post opening the session at $91.14, the shares hit an intraday low of $89.51 and an intraday high of $91.14 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 20, 2016, James E Iii Cashman (President and CEO) sold 4,462 shares at $0.00 per share price. According to the SEC, on Mar 4, 2016, Debra A Burk (VP – HUMAN RESOURCES) sold 13,882 shares at $86.00 per share price. On Mar 2, 2016, Robert Andrew Kocis (VP, WORLDWIDE SALES & SUPPORT) purchased 1,250 shares at $83.80 per share price, according to the Form-4 filing with the securities and exchange commission.
ANSYS Inc. (ANSYS) develops and markets engineering simulation software and services. The Company offers the suite to engineers designers researchers and students and for industries and academia including aerospace automotive manufacturing electronics biomedical energy and defense. The Company’s product portfolio consists of ANSYS Workbench Structures Fluids Electronics Systems and Academic. ANSYS Workbench is the framework upon which the Company’s suite of engineering simulation technologies is built. The structures product suite offers simulation tools for product design and optimization. The fluids product suite enables modeling of fluid flow. The Companys system simulation capability is to design automated products. The academic product suite provides a portfolio of academic products-based on usage tiers such as associate research and teaching.