ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares in the company, valued at $969,032.30. This trade represents a 5.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
ANSYS Stock Performance
ANSS stock opened at $304.08 on Wednesday. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03. The stock has a market capitalization of $26.65 billion, a price-to-earnings ratio of 46.42, a PEG ratio of 3.48 and a beta of 1.20. 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 stock's fifty day moving average is $321.53 and its two-hundred day moving average is $332.48.
ANSYS (NASDAQ:ANSS - Get Free Report) last posted 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). The business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, research analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Friday, March 21st.
View Our Latest Stock Analysis on ANSYS
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC boosted its holdings in shares of ANSYS by 78.7% in the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock worth $2,036,000 after buying an additional 2,659 shares during the period. JPMorgan Chase & Co. lifted its position in shares of ANSYS by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock valued at $123,217,000 after acquiring an additional 100,042 shares in the last quarter. Oak Thistle LLC acquired a new position in ANSYS in the 4th quarter worth approximately $255,000. Ulland Investment Advisors LLC grew its position in ANSYS by 107.6% during the 4th quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock worth $889,000 after purchasing an additional 1,366 shares in the last quarter. Finally, CCLA Investment Management raised its stake in ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock valued at $150,381,000 after purchasing an additional 47,331 shares during the period. Institutional investors and hedge funds own 92.39% of the company's stock.
ANSYS Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
