Evercore ISI Group Initiates Coverage on ANSYS to Hold

Evercore ISI Group Initiates Coverage on ANSYS(NASDAQ:ANSS). The shares have been rated Hold. The rating by Evercore ISI Group was issued on Sep 15, 2016.

In a different note, Evercore ISI said it Initiates Coverage on ANSYS, according to a research note issued on Sep 14, 2016. The shares have been rated ‘Hold’ by the firm. On Aug 5, 2016, Barclays said it Maintains its rating on ANSYS. In the research note, the firm Raises the price-target to $86.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

ANSYS (ANSS) shares turned negative on Tuesdays trading session with the shares closing down -0.06 points or -0.07% at a volume of 1,49,574. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $92.845. The peak price level was also seen at $92.845 while the days lowest was $92.06. Finally the shares closed at $92.06. The 52-week high of the shares is $98.99 while the 52-week low is $80.51. According to the latest information available, the market cap of the company is $8,029 M.

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 Sep 7, 2016, Robert Andrew Kocis (VP, WORLDWIDE SALES & SUPPORT) sold 3,701 shares at $0.00 per share price.Also, On Sep 6, 2016, Walid Abu-hadba (CHIEF PRODUCT OFFICER) sold 33,000 shares at $0.00 per share price.On Jun 20, 2016, Maria T Shields (CFO & VP Finance and Admin.) sold 35,000 shares at $88.00 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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