Shane Emswiler Sells 3,859 Shares of ANSYS, Inc. (NASDAQ:ANSS) Stock

ANSYS, Inc. (NASDAQ:ANSS – Get Rating) SVP Shane Emswiler sold 3,859 shares of ANSYS stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $307.82, for a total value of $1,187,877.38. Following the completion of the transaction, the senior vice president now owns 25,990 shares of the company’s stock, valued at approximately $8,000,241.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shane Emswiler also recently made the following trade(s):

• On Tuesday, February 21st, Shane Emswiler sold 11,419 shares of ANSYS stock. The shares were sold at an average price of $265.68, for a total value of $3,033,799.92.

ANSYS Price Performance

Shares of ANSS opened at $302.63 on Thursday. The firm has a market capitalization of $26.36 billion, a PE ratio of 50.52, a price-to-earnings-growth ratio of 6.01 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.09 and a quick ratio of 2.09. ANSYS, Inc. has a 1-year low of $194.23 and a 1-year high of $328.94. The company’s fifty day moving average price is $268.33 and its 200-day moving average price is $247.83.

ANSYS (NASDAQ:ANSS – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The software maker reported $3.09 EPS for the quarter, beating the consensus estimate of $2.80 by $0.29. ANSYS had a net margin of 25.35% and a return on equity of 12.22%. The company had revenue of $694.70 million for the quarter, compared to analyst estimates of $649.47 million. During the same period in the prior year, the company earned $2.41 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts predict that ANSYS, Inc. will post 6.74 EPS for the current year.

Institutional Investors Weigh In On ANSYS

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in ANSYS by 1.2% in the third quarter. Vanguard Group Inc. now owns 9,725,574 shares of the software maker’s stock valued at $2,156,158,000 after purchasing an additional 115,162 shares during the last quarter. BlackRock Inc. boosted its stake in shares of ANSYS by 0.7% during the 3rd quarter. BlackRock Inc. now owns 8,798,386 shares of the software maker’s stock worth $1,950,601,000 after acquiring an additional 58,228 shares in the last quarter. State Street Corp boosted its stake in shares of ANSYS by 1.1% during the 3rd quarter. State Street Corp now owns 3,408,038 shares of the software maker’s stock worth $755,562,000 after acquiring an additional 38,605 shares in the last quarter. FMR LLC boosted its stake in shares of ANSYS by 22.1% during the 2nd quarter. FMR LLC now owns 2,857,563 shares of the software maker’s stock worth $683,787,000 after acquiring an additional 517,220 shares in the last quarter. Finally, Bishop Rock Capital L.P. boosted its stake in shares of ANSYS by 9,241.9% during the 2nd quarter. Bishop Rock Capital L.P. now owns 2,302,209 shares of the software maker’s stock worth $9,621,000 after acquiring an additional 2,277,565 shares in the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ANSS. Barclays boosted their target price on ANSYS from $200.00 to $226.00 and gave the company an “underweight” rating in a research report on Wednesday, January 11th. TheStreet upgraded ANSYS from a “c+” rating to a “b” rating in a research report on Wednesday, February 22nd. Rosenblatt Securities boosted their target price on ANSYS from $270.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 24th. Robert W. Baird boosted their target price on ANSYS from $305.00 to $327.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. Finally, Loop Capital boosted their price target on ANSYS from $230.00 to $310.00 in a report on Friday, February 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and a consensus target price of $286.25.

ANSYS Company Profile

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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: Americas, Europe, Middle East and Africa, and Asia-Pacific. The firm’s solutions include automotive, aerospace and defense, construction, energy, materials and chemical processing, autonomous engineering, and electrification.