Evercore ISI analyst Kenneth Talanian maintained a Hold rating on Ansys (ANSS) on November 8 and set a price target of $150. The company’s shares closed on Friday at $165.86.
Talanian commented:
“We look forward to further details on the call and intend to provide a full update to our model and thoughts on the stock following the call at 8:30am tomorrow.”
According to TipRanks.com, Talanian is a 5-star analyst with an average return of 13.9% and a 65.7% success rate. Talanian covers the Technology sector, focusing on stocks such as Proofpoint Inc, Check Point, and FireEye Inc.
Ansys has an analyst consensus of Moderate Buy, with a price target consensus of $177.29, a 6.9% upside from current levels. In a report issued on November 9, RBC Capital also maintained a Hold rating on the stock with a $190 price target.
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Based on Ansys’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $89.34 million. In comparison, last year the company had a net profit of $73.63 million.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock.
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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.
