Insider Selling: ANSYS, Inc. (ANSS) Director Sells 24,500 Shares of Stock
ANSYS, Inc. (NASDAQ:ANSS) Director Bradford C. Morley sold 24,500 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $165.06, for a total value of $4,043,970.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
ANSYS, Inc. (ANSS) opened at $171.18 on Friday. The stock has a market capitalization of $14,800.00, a price-to-earnings ratio of 54.00 and a beta of 1.04. ANSYS, Inc. has a one year low of $104.55 and a one year high of $171.21.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.04. The business had revenue of $302.34 million during the quarter, compared to the consensus estimate of $290.66 million. ANSYS had a return on equity of 13.77% and a net margin of 23.67%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. research analysts predict that ANSYS, Inc. will post 4.41 earnings per share for the current year.
A number of equities research analysts have commented on the company. BidaskClub raised ANSYS from a “buy” rating to a “strong-buy” rating in a report on Saturday. ValuEngine raised ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $181.00 target price for the company in a report on Wednesday, February 28th. Wedbush reissued a “neutral” rating and issued a $136.00 target price (down previously from $160.00) on shares of ANSYS in a report on Friday, February 23rd. Finally, Berenberg Bank raised ANSYS from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $132.00.
Large investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its stake in shares of ANSYS by 9.2% during the 3rd quarter. Toronto Dominion Bank now owns 39,373 shares of the software maker’s stock worth $4,834,000 after buying an additional 3,321 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of ANSYS by 12.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 21,172 shares of the software maker’s stock worth $2,598,000 after buying an additional 2,290 shares during the last quarter. Tredje AP fonden raised its stake in shares of ANSYS by 49.3% during the 3rd quarter. Tredje AP fonden now owns 32,900 shares of the software maker’s stock worth $4,038,000 after buying an additional 10,860 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of ANSYS by 0.6% during the 3rd quarter. Bessemer Group Inc. now owns 1,013,715 shares of the software maker’s stock worth $124,412,000 after buying an additional 5,578 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of ANSYS by 13.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 23,011 shares of the software maker’s stock worth $3,014,000 after buying an additional 2,760 shares during the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.
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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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