Barclays Maintains ANSYS to Equal-weight with Price Target $94.00

Brokerage firm Barclays Maintains its rating on ANSYS(NASDAQ:ANSS). In a research note issued to the investors, the brokerage major Raises the price-target to $94.00 per share. The shares have been rated Equal-weight. The rating by Barclays was issued on Aug 5, 2016.

In a different note, Goldman Sachs said it Initiates Coverage on ANSYS, according to a research note issued on May 26, 2016. The shares have been rated ‘Neutral’ by the firm.

ANSYS (ANSS) made into the market gainers list on Wednesdays trading session with the shares advancing 0.80% or 0.77 points. Due to strong positive momentum, the stock ended at $97.49, which is also near the day’s high of $97.55. The stock began the session at $96.95 and the volume stood at 4,70,841 shares. The 52-week high of the shares is $98.39 and the 52 week low is $80.51. The company has a current market capitalization of $8,503 M and it has 8,72,18,326 shares in outstanding.

ANSYS(ANSS) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $246.07M. Analysts had an estimated revenue of $244.84M. Earnings per share were $0.93. Analysts had estimated an EPS of $0.88.

Several Insider Transactions has been reported to the SEC. On Jun 20, 2016, Maria T Shields (CFO & VP Finance and Admin.) sold 35,000 shares at $88.00 per share price.Also, On Apr 20, 2016, James E Iii Cashman (President and CEO) sold 4,462 shares at $0.00 per share price.On Mar 4, 2016, Debra A Burk (VP – HUMAN RESOURCES) sold 13,882 shares at $86.00 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 Company’s 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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