Benchmark Co. Reiterates a Hold Rating on AnsysBy Ryan Adsit
In a report released today, Mark Schappel from Benchmark Co. reiterated a Hold rating on Ansys (NASDAQ: ANSS), with a price target of $86. The company’s shares opened today at $83.20, close to its 52-week low of $80.51.
According to TipRanks.com, Schappel is a 5-star analyst with an average return of 15.3% and a 62.1% success rate. Schappel covers the Technology sector, focusing on stocks such as Progress Software Corp., Manhattan Associates, and Tyler Technologies.
Currently, the analyst consensus on Ansys is Hold and the average price target is $86, representing a 3.4% upside.
In a report released yesterday, Pacific Crest also reiterated a Hold rating on the stock.
Ansys’ market cap is currently $7.28B and has a P/E ratio of 28.99. The company has a book value ratio of 3.2546.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ANSS in relation to earlier this year. Most recently, in May 2016, Michael Thurk, a Director at ANSS bought 4,000 shares for a total of $146,720.
ANSYS, Inc. develops and markets engineering simulation software and services. It used by engineers, designers, researchers and students across industries and academia, including aerospace, automotive, materials and chemical processing, turbomachinery, consumer products, electronics, biomedical, energy, defense and others. Its product portfolio includes ANSYS Workbench, ANSYS Engineering Knowledge Management, computing product suite, geometry handling solutions, and meshing technology. The company was founded by John A. Swanson in 1970 and is headquartered in Canonsburg, PA.