Ansys (ANSS) Gets a Hold Rating from Needham

Needham analyst Richard Valera assigned a Hold rating to Ansys (ANSSResearch Report) today. The company’s shares closed last Tuesday at $340.20, close to its 52-week high of $357.93.

According to TipRanks.com, Valera is a 5-star analyst with an average return of 19.0% and a 68.1% success rate. Valera covers the Technology sector, focusing on stocks such as Zoom Video Communications, Trimble Navigation, and Altair Engineering.

Currently, the analyst consensus on Ansys is a Hold with an average price target of $337.50.

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Ansys’ market cap is currently $29.5B and has a P/E ratio of 76.40. The company has a Price to Book ratio of 46.51.

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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.