Analyst Rating Update on ANSYS (ANSS)

ANSYS (ANSS) : Zacks Investment Research ranks ANSYS (ANSS) as 4, which is a Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.33, which indicates as a Buy.

ANSYS (ANSS) : The highest short term price target forecast on ANSYS (ANSS) is $100 and the lowest target price is $86. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $93.2 with a standard deviation of $7.01.

Company shares have received an average consensus rating of Hold for the current week


ANSYS (NASDAQ:ANSS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $89.40 and $89.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $90.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $90.32, notching a gain of 1.14% for the day. The total traded volume was 763,563 . The stock had closed at $89.30 on the previous day.

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 Companys product portfolio consists of ANSYS Workbench, Structures, Fluids, Electronics, Systems and Academic. ANSYS Workbench is the framework upon which the Companys 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.

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