ANSYS, Inc. (NASDAQ:ANSS) VP Shane Emswiler sold 12,504 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total value of $1,900,107.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of ANSYS, Inc. (ANSS) opened at $150.28 on Friday. ANSYS, Inc. has a twelve month low of $86.09 and a twelve month high of $155.14. The firm has a market capitalization of $12,768.96, a price-to-earnings ratio of 42.99 and a beta of 1.05.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.10. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The firm had revenue of $276.77 million during the quarter, compared to analysts’ expectations of $263.77 million. During the same period last year, the firm posted $0.95 EPS. The business’s revenue was up 12.6% on a year-over-year basis. equities research analysts predict that ANSYS, Inc. will post 3.57 EPS for the current year.
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A number of equities analysts have recently issued reports on ANSS shares. Wedbush reissued a “neutral” rating and issued a $129.19 target price (up from $114.00) on shares of ANSYS in a report on Friday, September 15th. Barclays PLC dropped their target price on ANSYS from $115.00 to $113.00 and set an “underweight” rating for the company in a report on Friday, September 15th. Royal Bank Of Canada reissued a “hold” rating and issued a $118.00 target price on shares of ANSYS in a report on Monday, September 11th. BidaskClub raised ANSYS from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Robert W. Baird set a $130.00 target price on ANSYS and gave the stock a “buy” rating in a report on Monday, August 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $128.91.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANSS. Creative Planning increased its stake in shares of ANSYS by 68.6% in the 2nd quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after buying an additional 356 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of ANSYS by 7.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after buying an additional 69 shares during the period. Parallax Volatility Advisers L.P. acquired a new stake in shares of ANSYS in the 2nd quarter valued at $138,000. Dupont Capital Management Corp acquired a new stake in shares of ANSYS in the 2nd quarter valued at $149,000. Finally, Fiduciary Trust Co. acquired a new stake in shares of ANSYS in the 2nd quarter valued at $170,000. 97.18% of the stock is owned by institutional investors.
ANSYS Company Profile
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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