ANSYS, Inc. (NASDAQ:ANSS)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $155.24 and last traded at $153.71, with a volume of 423200 shares trading hands. The stock had previously closed at $152.45.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. KeyCorp reiterated a “hold” rating on shares of ANSYS in a research note on Friday, September 29th. Robert W. Baird set a $130.00 price objective on shares of ANSYS and gave the company a “buy” rating in a research note on Sunday, October 1st. Citigroup assumed coverage on shares of ANSYS in a research note on Friday, September 22nd. They set a “neutral” rating and a $125.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $128.91.
The company has a market capitalization of $12,900.00, a PE ratio of 47.83 and a beta of 1.07.
In related news, VP Richard S. Mahoney sold 8,527 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total transaction of $152,121.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shane Emswiler sold 12,504 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $151.96, for a total transaction of $1,900,107.84. The disclosure for this sale can be found here. Insiders have sold 27,031 shares of company stock valued at $2,960,730 in the last three months. 1.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of ANSS. Parallax Volatility Advisers L.P. purchased a new position in shares of ANSYS in the second quarter worth $138,000. Fiduciary Trust Co. purchased a new position in shares of ANSYS in the second quarter worth $170,000. ETF Managers Group LLC purchased a new position in shares of ANSYS in the second quarter worth $171,000. Zions Bancorporation raised its holdings in shares of ANSYS by 9,070.6% in the third quarter. Zions Bancorporation now owns 1,559 shares of the software maker’s stock worth $191,000 after buying an additional 1,542 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of ANSYS by 7.5% in the second quarter. Pacer Advisors Inc. now owns 1,655 shares of the software maker’s stock worth $201,000 after buying an additional 116 shares during the last quarter. 96.67% of the stock is owned by institutional investors.
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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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