ANSYS, Inc. (NASDAQ:ANSS) Director Glenda Dorchak Sells 159 Shares

ANSYS, Inc. (NASDAQ:ANSSGet Free Report) Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the completion of the transaction, the director now directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ANSYS Stock Down 1.1 %

Shares of ANSS opened at $327.64 on Tuesday. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. The firm has a market capitalization of $28.60 billion, a P/E ratio of 65.79, a P/E/G ratio of 7.38 and a beta of 1.11. The company has a 50-day simple moving average of $324.75 and a 200-day simple moving average of $334.19.

ANSYS (NASDAQ:ANSSGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The business had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. During the same period last year, the company earned $1.45 EPS. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities research analysts expect that ANSYS, Inc. will post 7.05 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on ANSS shares. StockNews.com started coverage on shares of ANSYS in a report on Thursday, July 4th. They set a “hold” rating on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a report on Friday, May 3rd. Finally, KeyCorp assumed coverage on shares of ANSYS in a report on Thursday, June 27th. They issued a “sector weight” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $320.00.

Get Our Latest Analysis on ANSS

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ANSS. Wellington Management Group LLP increased its holdings in shares of ANSYS by 167.4% during the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after buying an additional 805,657 shares in the last quarter. Norges Bank acquired a new stake in shares of ANSYS during the fourth quarter worth approximately $282,329,000. Alecta Tjanstepension Omsesidigt acquired a new stake in shares of ANSYS during the fourth quarter worth approximately $145,144,000. Swedbank AB acquired a new stake in shares of ANSYS during the first quarter worth approximately $128,089,000. Finally, M&G Plc acquired a new stake in shares of ANSYS during the first quarter worth approximately $115,922,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

About ANSYS

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for ANSYS (NASDAQ:ANSS)

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