Could Ansys, Inc. (ANSS) Go Down After Touching 52-Week High?

January 20, 2018 - By Adrian Mccoy

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.21, from 1.18 in 2017Q2. It worsened, as 32 investors sold Ansys, Inc. shares while 151 reduced holdings. 42 funds opened positions while 136 raised stakes. 79.23 million shares or 1.85% less from 80.72 million shares in 2017Q2 were reported.
Hartford Co stated it has 0.04% in Ansys, Inc. (NASDAQ:ANSS). 3,715 were reported by Hanseatic Management Services. Massachusetts Fincl Svcs Commerce Ma has 2.80M shares for 0.15% of their portfolio. Jane Street Grp Inc Ltd Liability Corporation reported 4,010 shares. Susquehanna Intll Llp, a Pennsylvania-based fund reported 2,224 shares. Shell Asset Management holds 0.06% or 48,678 shares in its portfolio. Brown Advisory Inc invested in 1.68 million shares. Castleark Mngmt Ltd Liability Company invested in 0.05% or 14,090 shares. Moreover, Koch Indus Incorporated has 0.29% invested in Ansys, Inc. (NASDAQ:ANSS). 2,184 are owned by Connable Office. Hightower Ltd Liability Corporation has invested 0.01% in Ansys, Inc. (NASDAQ:ANSS). Carroll Fin Associate invested in 0% or 103 shares. Millennium Lc owns 38,344 shares. 529,203 were accumulated by Commonwealth Bancorp Of Australia. Legal And General Group Public Ltd Company invested in 482,805 shares.

The stock of Ansys, Inc. (NASDAQ:ANSS) hit a new 52-week high and has $169.62 target or 5.00 % above today’s $161.54 share price. The 6 months bullish chart indicates low risk for the $13.71B company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $169.62 price target is reached, the company will be worth $685.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.02% or $3.2 during the last trading session, reaching $161.54. About 512,282 shares traded or 7.59% up from the average. Ansys, Inc. (NASDAQ:ANSS) has risen 43.75% since January 20, 2017 and is uptrending. It has outperformed by 27.05% the S&P500.

Analysts await Ansys, Inc. (NASDAQ:ANSS) to report earnings on February, 28. They expect $0.94 EPS, up 2.17 % or $0.02 from last year’s $0.92 per share. ANSS’s profit will be $79.77 million for 42.96 P/E if the $0.94 EPS becomes a reality. After $0.88 actual EPS reported by Ansys, Inc. for the previous quarter, Wall Street now forecasts 6.82 % EPS growth.

Ansys, Inc. (NASDAQ:ANSS) Ratings Coverage

Among 15 analysts covering Ansys Inc. (NASDAQ:ANSS), 2 have Buy rating, 2 Sell and 11 Hold. Therefore 13% are positive. Ansys Inc. had 34 analyst reports since August 6, 2015 according to SRatingsIntel. Wedbush maintained Ansys, Inc. (NASDAQ:ANSS) on Tuesday, February 16 with “Outperform” rating. On Monday, July 17 the stock rating was initiated by Goldman Sachs with “Hold”. Wedbush maintained it with “Neutral” rating and $101 target in Friday, February 24 report. The stock has “Hold” rating by RBC Capital Markets on Friday, November 3. As per Thursday, October 8, the company rating was initiated by KeyBanc Capital Markets. As per Wednesday, August 23, the company rating was initiated by Berenberg. The rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, September 27. Evercore initiated Ansys, Inc. (NASDAQ:ANSS) rating on Thursday, September 15. Evercore has “Hold” rating and $90 target. The firm has “Hold” rating by RBC Capital Markets given on Sunday, September 10. The firm has “Hold” rating by Needham given on Tuesday, November 22.

Another recent and important Ansys, Inc. (NASDAQ:ANSS) news was published by Prnewswire.com which published an article titled: “ANSYS Announces Winners of 2018 Hall of Fame Competition” on January 09, 2018.

ANSYS, Inc. develops and markets engineering simulation software and services used by engineers, designers, researchers, and students in the aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors industries and academia worldwide. The company has market cap of $13.71 billion. The firm offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS Engineering Knowledge Manager, a solution for simulation process and data management challenges; and high-performance computing product suite that delivers cross-physics parallel processing capabilities for simulation software. It has a 50.78 P/E ratio. It also offers geometry handling solutions; meshing technology that transforms a physical model into a mathematical model; structural analysis product suite for product design and optimization; explicit dynamics product suite that simulates events; and composite analysis and optimization technology, as well as customization services.

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