Wedbush Starts ANSYS (ANSS) at Neutral; Leading Position with Strong Mgmt; Buy on Dip

September 13, 2012 4:51 PM EDT Send to a Friend
Get Alerts ANSS Hot Sheet
Price: $86.16 -0.08%

Rating Summary:
    5 Buy, 13 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 21 | New: 27
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Wedbush initiates coverage on ANSYS (NASDAQ: ANSS) with a Neutral. PT $80.00.

Analyst, Steve Koenig, said, "We are bullish on ANSS’s fundamentals, including the company’s strong market position, industry-leading margins, capable management team, and long runway for growth."

"Recent stock appreciation has boosted trading multiples to the top end of ANSS’s range, and we think investors with a 12-month time horizon can probably find a better entry point."

For an analyst ratings summary and ratings history on ANSYS click here. For more ratings news on ANSYS click here.

Shares of ANSYS closed at $72.37 yesterday.

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