ANSYS, Inc. (NASDAQ:ANSS) VP Richard S. Mahoney sold 8,527 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $17.84, for a total transaction of $152,121.68. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of ANSYS, Inc. (ANSS) traded up $2.87 during trading on Wednesday, hitting $151.42. 533,178 shares of the stock were exchanged, compared to its average volume of 461,700. The firm has a market cap of $12,860.00, a PE ratio of 47.62 and a beta of 1.07. ANSYS, Inc. has a fifty-two week low of $91.89 and a fifty-two week high of $155.14.
ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. The business had revenue of $276.77 million for the quarter, compared to analysts’ expectations of $263.77 million. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. sell-side analysts forecast that ANSYS, Inc. will post 3.57 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Tuesday, November 7th. Wedbush reissued a “neutral” rating and set a $114.00 price objective (down previously from $136.00) on shares of ANSYS in a report on Friday, November 3rd. Citigroup raised their price objective on shares of ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a report on Friday, November 3rd. Finally, Royal Bank of Canada raised their price objective on shares of ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $128.91.
ANSYS Company Profile
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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