Ajei Gopal Sells 9,566 Shares of ANSYS, Inc. (NASDAQ:ANSS) Stock

ANSYS, Inc. (NASDAQ:ANSS) CEO Ajei Gopal sold 9,566 shares of ANSYS stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $298.29, for a total value of $2,853,442.14. Following the transaction, the chief executive officer now owns 213,977 shares in the company, valued at approximately $63,827,199.33. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ajei Gopal also recently made the following trade(s):

• On Wednesday, October 11th, Ajei Gopal sold 12,270 shares of ANSYS stock. The shares were sold at an average price of $305.23, for a total value of $3,745,172.10.

ANSYS Stock Down 0.7 %

NASDAQ:ANSS opened at $299.46 on Friday. The firm has a market capitalization of $26.01 billion, a price-to-earnings ratio of 54.05, a price-to-earnings-growth ratio of 5.85 and a beta of 1.20. ANSYS, Inc. has a twelve month low of $230.00 and a twelve month high of $351.23. The stock’s 50 day moving average price is $293.52 and its two-hundred day moving average price is $309.50. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.15.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ANSS. Bank of America cut ANSYS from a “buy” rating to an “underperform” rating and cut their price objective for the company from $356.00 to $295.00 in a report on Tuesday. William Blair reiterated a “market perform” rating on shares of ANSYS in a report on Thursday, November 2nd. TheStreet cut ANSYS from a “b-” rating to a “c+” rating in a research note on Tuesday, August 22nd. Royal Bank of Canada cut their target price on ANSYS from $310.00 to $290.00 and set a “sector perform” rating on the stock in a research note on Friday, November 3rd. Finally, Rosenblatt Securities boosted their target price on ANSYS from $320.00 to $332.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $313.90.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Altshuler Shaham Ltd acquired a new position in shares of ANSYS during the 2nd quarter worth approximately $29,000. West Tower Group LLC acquired a new position in shares of ANSYS during the 2nd quarter worth approximately $31,000. China Universal Asset Management Co. Ltd. increased its holdings in shares of ANSYS by 276.9% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 98 shares of the software maker’s stock worth $32,000 after acquiring an additional 72 shares during the last quarter. KB Financial Partners LLC increased its holdings in shares of ANSYS by 854.5% during the 2nd quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock worth $35,000 after acquiring an additional 94 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of ANSYS during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 90.21% of the company’s stock.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.