Glenda Dorchak Sells 200 Shares of ANSYS, Inc. (NASDAQ:ANSS) Stock

ANSYS, Inc. (NASDAQ:ANSS) Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director now directly owns 3,230 shares of the company’s stock, valued at $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

ANSYS Trading Up 0.7 %

ANSS traded up $1.98 during trading on Tuesday, reaching $304.08. The company had a trading volume of 568,948 shares, compared to its average volume of 473,530. The firm’s 50-day simple moving average is $322.38 and its 200 day simple moving average is $332.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 46.42, a PEG ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 12-month low of $275.06 and a 12-month high of $363.03.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. Equities research analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Rosenblatt Securities boosted their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

Institutional Trading of ANSYS

Several large investors have recently added to or reduced their stakes in the company. Simon Quick Advisors LLC purchased a new position in shares of ANSYS during the first quarter valued at $288,000. Ulland Investment Advisors LLC boosted its position in ANSYS by 40.1% during the 1st quarter. Ulland Investment Advisors LLC now owns 3,692 shares of the software maker’s stock worth $1,169,000 after acquiring an additional 1,057 shares during the period. CX Institutional purchased a new position in ANSYS during the 1st quarter valued at about $160,000. Assenagon Asset Management S.A. lifted its position in shares of ANSYS by 6.8% in the first quarter. Assenagon Asset Management S.A. now owns 12,022 shares of the software maker’s stock worth $3,806,000 after purchasing an additional 769 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of ANSYS by 111.5% during the first quarter. SG Americas Securities LLC now owns 23,603 shares of the software maker’s stock worth $7,472,000 after purchasing an additional 12,442 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Company Profile

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.