Evercore ISI analyst Kenneth Talanian maintained a Hold rating on Ansys (NASDAQ: ANSS) today and set a price target of $150. The company’s shares closed yesterday at $185.37, close to its 52-week high of $186.06.
Talanian noted:
“We hosted a couple of investor meetings this week with ANSYS’s VP of Annette Arribas. Most of the discussion focused on buying patterns and changes to the company’s go-to- market efforts along with the inevitable question on margins. Some of the conversation was also dedicated to the ever interesting topic of secular growth opportunities. While there were no observations that change our current view of the shares, we wanted to provide highlights that we believe should be of interest to investors.”
According to TipRanks.com, Talanian is a 5-star analyst with an average return of 20.6% and a 82.0% success rate. Talanian covers the Technology sector, focusing on stocks such as Proofpoint Inc, Symantec Corp, and Check Point.
Currently, the analyst consensus on Ansys is a Hold with an average price target of $177.67.
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Ansys’ market cap is currently $15.62B and has a P/E ratio of 52.66. The company has a Price to Book ratio of 6.23.
Based on the recent corporate insider activity of 66 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.
