Ansys VP Joshua Fredberg Sells 2,880 Shares (ANSS)
Ansys (NASDAQ:ANSS) VP Joshua Fredberg unloaded 2,880 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $73.62, for a total value of $212,025.60. Following the sale, the vice president now directly owns 10,867 shares in the company, valued at approximately $800,029. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Ansys (NASDAQ:ANSS) traded up 0.78% on Monday, hitting $74.80. The stock had a trading volume of 347,606 shares. Ansys has a one year low of $70.66 and a one year high of $89.71. The stock has a 50-day moving average of $75.29 and a 200-day moving average of $81.09. The company has a market cap of $6.931 billion and a P/E ratio of 28.11.
Ansys (NASDAQ:ANSS) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.76 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.76. The company had revenue of $215.30 million for the quarter, compared to the consensus estimate of $217.25 million. During the same quarter last year, the company posted $0.71 earnings per share. Ansys’s revenue was up 8.5% compared to the same quarter last year. Analysts expect that Ansys will post $3.30 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ansys in a research note on Friday, May 2nd. They now have a $82.00 price target on the stock. Separately, analysts at William Blair initiated coverage on shares of Ansys in a research note on Wednesday, April 23rd. They set an “outperform” rating on the stock. Finally, analysts at Wedbush upgraded shares of Ansys from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 27th. They now have a $88.00 price target on the stock, up previously from $86.00. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Ansys presently has an average rating of “Hold” and a consensus target price of $86.00.
ANSYS, Inc (NASDAQ:ANSS) develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a spectrum of industries and academia, including aerospace, automotive, manufacturing, electronics, biomedical, energy and defense.
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