RBC Capital analyst Ross MacMillan reiterated a Hold rating on Ansys (NASDAQ: ANSS) yesterday and set a price target of $180. The company’s shares closed on Friday at $173.27.
According to TipRanks.com, MacMillan is a top 25 analyst with an average return of 29.2% and a 86.3% success rate. MacMillan covers the Technology sector, focusing on stocks such as Coupa Software Inc, Ultimate Software, and Salesforce.com.
Ansys has an analyst consensus of Moderate Buy, with a price target consensus of $194.67.
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Based on Ansys’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $84.28 million. In comparison, last year the company had a net profit of $69.73 million.
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ANSYS, Inc. engages in the development and marketing of engineering simulation software and services. 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.
