ANSYS, Inc. (NASDAQ:ANSS) Director Bradford C. Morley sold 24,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $165.06, for a total transaction of $4,043,970.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
ANSYS, Inc. (NASDAQ:ANSS) opened at $171.18 on Monday. ANSYS, Inc. has a twelve month low of $104.55 and a twelve month high of $171.21. The company has a market capitalization of $14,357.04, a P/E ratio of 57.25 and a beta of 1.04.
ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, February 21st. The software maker reported $1.07 EPS for the quarter, beating the consensus estimate of $1.03 by $0.04. ANSYS had a return on equity of 13.77% and a net margin of 23.67%. The company had revenue of $302.34 million for the quarter, compared to the consensus estimate of $290.66 million. During the same quarter last year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities research analysts expect that ANSYS, Inc. will post 4.41 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on the stock. BidaskClub raised shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Berenberg Bank raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a research report on Tuesday, January 30th. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $181.00 price objective on the stock in a research report on Wednesday, February 28th. Wedbush reaffirmed a “neutral” rating and set a $136.00 price objective (down previously from $160.00) on shares of ANSYS in a research report on Friday, February 23rd. Finally, ValuEngine raised shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. ANSYS presently has an average rating of “Hold” and an average price target of $132.00.
A number of hedge funds have recently made changes to their positions in ANSS. Bank of New York Mellon Corp grew its holdings in ANSYS by 27.2% during the third quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock valued at $128,883,000 after purchasing an additional 224,640 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of ANSYS in the fourth quarter worth $20,726,000. Guggenheim Capital LLC grew its stake in shares of ANSYS by 34.2% in the fourth quarter. Guggenheim Capital LLC now owns 522,492 shares of the software maker’s stock worth $77,115,000 after acquiring an additional 133,151 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of ANSYS by 34.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 501,015 shares of the software maker’s stock worth $61,490,000 after acquiring an additional 129,627 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of ANSYS by 1,394.2% in the third quarter. Canada Pension Plan Investment Board now owns 129,320 shares of the software maker’s stock worth $15,871,000 after acquiring an additional 120,665 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “ANSYS, Inc. (ANSS) Director Sells $4,043,970.00 in Stock” was originally published by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.tickerreport.com/banking-finance/3256654/ansys-inc-anss-director-sells-4043970-00-in-stock.html.
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.
Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.