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

ANSYS, Inc. (NASDAQ:ANSS) Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

ANSYS Price Performance

NASDAQ:ANSS opened at $320.87 on Wednesday. The firm has a fifty day simple moving average of $316.04 and a 200 day simple moving average of $323.63. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The stock has a market capitalization of $28.01 billion, a PE ratio of 64.43, a P/E/G ratio of 6.89 and a beta of 1.11. 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 released its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The firm had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.06 earnings per share. On average, research analysts expect that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On ANSYS

Institutional investors have recently bought and sold shares of the stock. DT Investment Partners LLC increased its holdings in ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC bought a new stake in ANSYS in the 2nd quarter worth approximately $32,000. Rothschild Investment LLC purchased a new position in ANSYS in the 2nd quarter worth approximately $38,000. Bangor Savings Bank increased its stake in ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after purchasing an additional 34 shares during the period. Finally, Janiczek Wealth Management LLC increased its stake in shares of ANSYS by 39.1% during the first quarter. Janiczek Wealth Management LLC now owns 153 shares of the software maker’s stock valued at $53,000 after buying an additional 43 shares during the period. 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.