ANSYS, Inc. (NASDAQ:ANSS) Director Sells $51,312.00 in Stock

ANSYS, Inc. (NASDAQ:ANSS) Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ANSYS Stock Performance

ANSS opened at $344.50 on Wednesday. The business’s 50 day moving average is $338.19 and its 200-day moving average is $318.65. The stock has a market cap of $29.98 billion, a PE ratio of 60.12, a price-to-earnings-growth ratio of 5.40 and a beta of 1.16. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The company had revenue of $805.10 million for the quarter, compared to analysts’ expectations of $797.49 million. During the same quarter in the previous year, the company posted $2.61 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts predict that ANSYS, Inc. will post 7.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on ANSS. Wolfe Research reiterated a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Mizuho cut their target price on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. Barclays raised their target price on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. StockNews.com initiated coverage on shares of ANSYS in a report on Sunday. They issued a “hold” rating on the stock. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, ANSYS has an average rating of “Hold” and an average target price of $322.75.

Institutional Investors Weigh In On ANSYS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its holdings in ANSYS by 7.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,195,065 shares of the software maker’s stock worth $355,592,000 after purchasing an additional 81,457 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in ANSYS by 8.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 415,424 shares of the software maker’s stock worth $149,607,000 after purchasing an additional 31,579 shares in the last quarter. US Bancorp DE raised its holdings in ANSYS by 3.7% during the third quarter. US Bancorp DE now owns 33,520 shares of the software maker’s stock worth $9,974,000 after purchasing an additional 1,198 shares in the last quarter. Sei Investments Co. grew its position in ANSYS by 4.5% in the third quarter. Sei Investments Co. now owns 356,768 shares of the software maker’s stock worth $106,156,000 after buying an additional 15,333 shares during the last quarter. Finally, Morgan Stanley grew its position in ANSYS by 18.0% in the third quarter. Morgan Stanley now owns 1,010,937 shares of the software maker’s stock worth $300,805,000 after buying an additional 154,325 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.