Glenda Dorchak Sells 152 Shares of ANSYS, Inc. (NASDAQ:ANSS) Stock

ANSYS, Inc. (NASDAQ:ANSS) Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the transaction, the director now directly owns 3,630 shares of the company’s stock, valued at $1,138,404.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

ANSYS Trading Down 0.8 %

ANSS opened at $313.07 on Tuesday. The firm has a market cap of $27.33 billion, a P/E ratio of 62.87, a P/E/G ratio of 6.89 and a beta of 1.11. The stock has a 50-day moving average of $315.97 and a 200 day moving average of $323.88. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The business had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same quarter in the prior year, the firm posted $1.06 earnings per share. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. As a group, research analysts forecast that ANSYS, Inc. will post 7.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. KeyCorp initiated coverage on shares of ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. StockNews.com began coverage on ANSYS in a report on Sunday, September 22nd. They set a “hold” rating for the company. Finally, Rosenblatt Securities decreased their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $318.33.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Swedbank AB bought a new stake in shares of ANSYS during the 1st quarter worth approximately $128,089,000. M&G Plc purchased a new stake in ANSYS in the first quarter worth $115,922,000. Point72 Asset Management L.P. lifted its position in shares of ANSYS by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock worth $117,936,000 after purchasing an additional 220,200 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of ANSYS during the first quarter valued at $72,797,000. Finally, TOMS Capital Investment Management LP bought a new position in shares of ANSYS in the fourth quarter worth about $53,647,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

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.