ANSYS, Inc. (NASDAQ:ANSS) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Zacks Investment Research has downgraded ANSYS, Inc. (NASDAQ:ANSS) to Sell in a statement released on Tuesday October 04, 2016.
Previously on Thursday September 15, 2016, Evercore ISI reported on ANSYS, Inc. (NASDAQ:ANSS) increased the target price from $0.00 to $90.00. At the time, this indicated a possible downside of -0.03%.
Just yesterday ANSYS, Inc. (NASDAQ:ANSS) traded -0.14% lower at $91.74. ANSYS, Inc.’s 50-day moving average is $94.63 and its 200-day moving average is $90.61. The last closing price is up 1.25% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 530,678 shares of ANSS traded hands, up from an average trading volume of 460,216
Recent Performance Chart
ANSYS, Inc. has 52 week low of $80.51 and a 52 week high of $98.99 with a PE ratio of 31.84 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokers have issued a research note on the company. The average stock price target is $91.63 with 3 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 9 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On ANSYS, Inc. (NASDAQ:ANSS)
ANSYS, Inc. develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors. The Company distributes its ANSYS suite of simulation technologies through a network of independent resellers and distributors, channel partners and direct sales offices across the world. The Company's product portfolio consists of ANSYS Workbench, Structures, Fluids, Electronics, Multiphysics, Embedded Software, Systems, 3-D Direct Modeling and Academic. ANSYS Workbench is the framework upon which the Company's suite of engineering simulation technologies is built. Its fluids product suite enables modeling of fluid flow and other related physical phenomena. Its electronics product suite provides field simulation software for designing electronic and electromechanical products.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.