ANSYS Sees Unusually Large Options Volume (NASDAQ:ANSS)

ANSYS, Inc. (NASDAQ:ANSS) was the recipient of some unusual options trading on Monday. Stock investors purchased 9,796 put options on the company. This represents an increase of approximately 4,898% compared to the average daily volume of 196 put options.

Insider Activity

In related news, Director Glenda Dorchak sold 150 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the transaction, the director now directly owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.

Institutional Trading of ANSYS

A number of institutional investors have recently made changes to their positions in ANSS. Vanguard Group Inc. raised its holdings in ANSYS by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker’s stock valued at $3,553,058,000 after buying an additional 73,585 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of ANSYS by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 1,508,715 shares of the software maker’s stock valued at $547,483,000 after acquiring an additional 27,893 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of ANSYS by 167.4% during the third quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after purchasing an additional 805,657 shares during the period. Morgan Stanley grew its stake in shares of ANSYS by 18.0% in the third quarter. Morgan Stanley now owns 1,010,937 shares of the software maker’s stock worth $300,805,000 after purchasing an additional 154,325 shares during the last quarter. Finally, Norges Bank purchased a new position in ANSYS during the 4th quarter valued at about $282,329,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

ANSYS stock opened at $321.16 on Tuesday. The firm has a fifty day simple moving average of $324.93 and a two-hundred day simple moving average of $332.96. ANSYS has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a market capitalization of $28.04 billion, a PE ratio of 64.49, a P/E/G ratio of 7.16 and a beta of 1.11. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The company had revenue of $466.60 million during the quarter, compared to the consensus estimate of $549.85 million. During the same period last year, the firm posted $1.45 EPS. The company’s revenue was down 8.4% on a year-over-year basis. Research analysts expect that ANSYS will post 7.05 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on ANSS. StockNews.com began coverage on shares of ANSYS in a research report on Wednesday, June 26th. They set a “hold” rating on the stock. KeyCorp initiated coverage on ANSYS in a research report on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $320.00.

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.