Needham Gives a Hold Rating to Ansys (ANSS)
In a report released today, Richard Valera from Needham assigned a Hold rating to Ansys (ANSS). The company’s shares closed last Thursday at $338.34.
According to TipRanks.com, Valera is a 5-star analyst with an average return of 24.3% and a 69.3% success rate. Valera covers the Technology sector, focusing on stocks such as Zoom Video Communications, Altair Engineering, and Trimble Navigation.
Currently, the analyst consensus on Ansys is a Hold with an average price target of $383.75, representing an 8.3% upside. In a report issued on February 19, RBC Capital also maintained a Hold rating on the stock with a $400.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $413.19 and a one-year low of $200.07. Currently, Ansys has an average volume of 403.1K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ANSYS, Inc. engages in the development and marketing of engineering simulation software and services. It operates through the following geographical segments: United States; Japan; Germany; South Korea; France; China; Other EMEA; and Other International. The firm’s solutions include automotive; aerospace and defense; construction; energy; materials and chemical processing; autonomous engineering; and electrification. The company was founded by John A. Swanson in 1970 and is headquartered in Canonsburg, PA.