UPDATE: Jefferies Lowers PT on Ansys to $55

Jefferies is out with its report today on Ansys ANSS, lowering its PT from $56 to $55. In its report, Jefferies writes, "Our $55 PT is 19X our CY12 EPS est at the end of CY11. This remains below the 5 year historic average of 24X, but that reflects lower organic growth than history and also more modest operating margin potential." Jefferies maintains Hold on ANSS. Shares of ANSS closed Thursday at $51.04, up 2.20% from Wednesday's close.