ANSYS, Inc. (NASDAQ:ANSS) VP Matthew C. Zack sold 1,427 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $230.40, for a total transaction of $328,780.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NASDAQ ANSS traded up $0.66 during trading hours on Thursday, reaching $229.66. 12,111 shares of the company’s stock were exchanged, compared to its average volume of 439,065. The company’s 50-day moving average is $220.93 and its two-hundred day moving average is $206.65. ANSYS, Inc. has a one year low of $136.80 and a one year high of $231.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.55 and a current ratio of 2.55. The company has a market capitalization of $19.14 billion, a price-to-earnings ratio of 44.14 and a beta of 1.39.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, November 6th. The software maker reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.42. ANSYS had a return on equity of 16.65% and a net margin of 30.35%. The business had revenue of $343.90 million during the quarter, compared to analysts’ expectations of $334.40 million. During the same period in the prior year, the business earned $1.31 EPS. ANSYS’s revenue for the quarter was up 18.8% compared to the same quarter last year. Research analysts predict that ANSYS, Inc. will post 5.26 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of ANSYS from an “underweight” rating to a “neutral” rating and increased their price target for the company from $190.00 to $228.00 in a research report on Wednesday, September 11th. Zacks Investment Research downgraded shares of ANSYS from a “buy” rating to a “hold” rating and set a $235.00 price target on the stock. in a research report on Monday, October 14th. Evercore ISI set a $186.00 price target on shares of ANSYS and gave the company a “hold” rating in a research report on Sunday, November 3rd. Griffin Securities upgraded shares of ANSYS from a “neutral” rating to a “buy” rating and set a $240.00 price target on the stock in a research report on Friday, September 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of ANSYS in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $223.60.
A number of hedge funds and other institutional investors have recently bought and sold shares of ANSS. Swedbank bought a new stake in ANSYS during the 2nd quarter worth approximately $100,576,000. Nuveen Asset Management LLC grew its stake in shares of ANSYS by 1,268.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 302,828 shares of the software maker’s stock worth $62,025,000 after acquiring an additional 280,701 shares in the last quarter. Invesco Ltd. grew its stake in shares of ANSYS by 44.5% during the 2nd quarter. Invesco Ltd. now owns 904,443 shares of the software maker’s stock worth $185,248,000 after acquiring an additional 278,607 shares in the last quarter. BlackRock Inc. grew its stake in shares of ANSYS by 2.9% during the 2nd quarter. BlackRock Inc. now owns 6,973,293 shares of the software maker’s stock worth $1,428,269,000 after acquiring an additional 194,230 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of ANSYS by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 9,053,388 shares of the software maker’s stock worth $1,854,315,000 after acquiring an additional 144,094 shares in the last quarter. 94.01% of the stock is owned by institutional investors and hedge funds.
ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
Featured Story: What is Depreciation?
Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.