ANSYS, Inc. (ANSS) VP Sells $152,121.68 in Stock

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.

Institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its holdings in shares of ANSYS by 7.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after acquiring an additional 69 shares during the period. Parallax Volatility Advisers L.P. purchased a new position in ANSYS in the 2nd quarter valued at $138,000. Fiduciary Trust Co. purchased a new position in ANSYS in the 2nd quarter valued at $170,000. ETF Managers Group LLC purchased a new position in ANSYS in the 2nd quarter valued at $171,000. Finally, Zions Bancorporation grew its position in ANSYS by 9,070.6% in the 3rd quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock valued at $191,000 after buying an additional 1,542 shares during the last quarter. 96.67% of the stock is currently owned by institutional investors and hedge funds.

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.

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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.

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

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