ANSYS, Inc. (NASDAQ:ANSS) Director Sells $52,598.79 in Stock

ANSYS, Inc. (NASDAQ:ANSSGet Free Report) Director Glenda Dorchak sold 159 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $330.81, for a total value of $52,598.79. Following the sale, the director now owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ANSYS Price Performance

Shares of ANSYS stock opened at $331.00 on Thursday. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The firm has a fifty day simple moving average of $324.99 and a 200-day simple moving average of $333.95. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $28.90 billion, a price-to-earnings ratio of 66.47, a PEG ratio of 7.30 and a beta of 1.11.

ANSYS (NASDAQ:ANSSGet Free Report) 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 return on equity of 10.45% and a net margin of 19.51%. The firm had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. During the same period in the prior year, the firm earned $1.45 EPS. The firm’s revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts expect that ANSYS, Inc. will post 7.05 earnings per share for the current year.

Institutional Investors Weigh In On ANSYS

Several hedge funds have recently modified their holdings of the business. CVA Family Office LLC acquired a new position in ANSYS during the 4th quarter valued at $28,000. Raleigh Capital Management Inc. lifted its stake in shares of ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares during the period. Quest Partners LLC acquired a new stake in ANSYS during the fourth quarter worth about $29,000. DSM Capital Partners LLC bought a new position in ANSYS during the fourth quarter valued at about $34,000. Finally, Core Wealth Advisors Inc. acquired a new position in ANSYS in the 4th quarter valued at approximately $40,000. 92.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ANSS has been the subject of several research reports. Rosenblatt Securities reiterated a “neutral” rating and set a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. KeyCorp initiated coverage on shares of ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. Finally, initiated coverage on shares of ANSYS in a report on Thursday, July 4th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to, the company presently has a consensus rating of “Hold” and a consensus price target of $320.00.

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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.

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