ANSYS, Inc. (NASDAQ:ANSS) Director Sells $67,324.00 in Stock

ANSYS, Inc. (NASDAQ:ANSS) Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

ANSYS Trading Up 1.0 %

Shares of ANSS stock opened at $343.07 on Thursday. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $30.00 billion, a price-to-earnings ratio of 52.94, a price-to-earnings-growth ratio of 3.89 and a beta of 1.11. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03. The stock’s 50-day moving average price is $342.54 and its 200-day moving average price is $327.69.

Institutional Trading of ANSYS

A number of large investors have recently added to or reduced their stakes in ANSS. Redwood Wealth Management Group LLC bought a new position in shares of ANSYS during the 2nd quarter valued at approximately $32,000. Bangor Savings Bank raised its stake in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. raised its stake in ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after purchasing an additional 170 shares in the last quarter. Intact Investment Management Inc. bought a new position in ANSYS during the third quarter valued at $70,000. Finally, Brooklyn Investment Group purchased a new position in shares of ANSYS in the 3rd quarter worth $119,000. Institutional investors own 92.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ANSS has been the subject of a number of recent analyst reports. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird upped their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $342.50.

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.