News

Fintel reports that on June 27, 2024, Keybanc initiated coverage of ANSYS (NasdaqGS:ANSS) with a Sector Weight recommendation.

Analyst Price Forecast Suggests 9.59% Upside

As of June 12, 2024, the average one-year price target for ANSYS is 352.14. The forecasts range from a low of 297.95 to a high of $396.21. The average price target represents an increase of 9.59% from its latest reported closing price of 321.32.

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The projected annual revenue for ANSYS is 2,428MM, an increase of 9.02%. The projected annual non-GAAP EPS is 9.41.

What is the Fund Sentiment?

There are 1,645 funds or institutions reporting positions in ANSYS. This is an decrease of 8 owner(s) or 0.48% in the last quarter. Average portfolio weight of all funds dedicated to ANSS is 0.37%, an increase of 2.38%. Total shares owned by institutions decreased in the last three months by 2.91% to 87,022K shares.

The put/call ratio of ANSS is 1.19, indicating a bearish outlook.

What are Other Shareholders Doing?

Aristotle Capital Management holds 3,653K shares representing 4.18% ownership of the company. In its prior filing, the firm reported owning 3,796K shares , representing a decrease of 3.91%. The firm decreased its portfolio allocation in ANSS by 12.72% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,737K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 2,732K shares , representing an increase of 0.17%. The firm decreased its portfolio allocation in ANSS by 12.63% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 2,190K shares representing 2.51% ownership of the company. In its prior filing, the firm reported owning 2,120K shares , representing an increase of 3.22%. The firm decreased its portfolio allocation in ANSS by 12.85% over the last quarter.

Geode Capital Management holds 2,066K shares representing 2.37% ownership of the company. In its prior filing, the firm reported owning 2,001K shares , representing an increase of 3.17%. The firm decreased its portfolio allocation in ANSS by 12.66% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 1,891K shares representing 2.17% ownership of the company. In its prior filing, the firm reported owning 1,947K shares , representing a decrease of 2.97%. The firm decreased its portfolio allocation in ANSS by 13.27% over the last quarter.

Ansys Background Information
(This description is provided by the company.)

Ansys, Inc. is an American company based in Canonsburg, Pennsylvania. It develops and markets multiphysics engineering simulation software for product design, testing and operation and offers its products and services to customers worldwide. Ansys was founded in 1970 by John Swanson.

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