Oppenheimer analyst Kenneth Wong maintained a Buy rating on Ansys (ANSS – Research Report) today and set a price target of $320.00. The company’s shares closed yesterday at $303.16.
According to TipRanks, Wong is a 5-star analyst with an average return of 10.6% and a 59.39% success rate. Wong covers the Technology sector, focusing on stocks such as PTC, Shopify, and GoDaddy.
Currently, the analyst consensus on Ansys is a Hold with an average price target of $304.18.
See the top stocks recommended by analysts >>
Based on Ansys’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $458.8 million and a net profit of $55.5 million. In comparison, last year the company earned a revenue of $472.51 million and had a net profit of $95.98 million
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 (ANSS) Company Description:
Incorporated in 1970, Pennsylvania-based ANSYS, Inc. develops and markets engineering simulation software and services. The company serves customers in the aerospace and defense, automotive, electronics, semiconductors, energy, materials and chemical processing, turbomachinery, consumer products, healthcare, and sports industries.
Read More on ANSS:
