Insider Selling: ANSYS, Inc. (NASDAQ:ANSS) Director Sells 200 Shares of Stock

ANSYS, Inc. (NASDAQ:ANSS) Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares in the company, valued at $969,032.30. The trade was a 5.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

ANSYS Price Performance

ANSS stock opened at $301.59 on Thursday. The business’s 50-day moving average is $320.67 and its two-hundred day moving average is $332.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The firm has a market capitalization of $26.43 billion, a P/E ratio of 46.04, a P/E/G ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 1 year low of $275.06 and a 1 year high of $363.03.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. Analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ANSS shares. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st.

Institutional Investors Weigh In On ANSYS

Institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC lifted its holdings in ANSYS by 78.7% during the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock worth $2,036,000 after buying an additional 2,659 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after purchasing an additional 100,042 shares during the last quarter. Oak Thistle LLC acquired a new position in ANSYS in the fourth quarter valued at approximately $255,000. Ulland Investment Advisors LLC increased its stake in ANSYS by 107.6% in the fourth quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker’s stock valued at $889,000 after purchasing an additional 1,366 shares during the last quarter. Finally, CCLA Investment Management raised its holdings in ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after purchasing an additional 47,331 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

About ANSYS

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.