ANSYS (ANSS) Sets New 52-Week High at $155.24

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.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, November 1st. The software maker reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.10. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The company had revenue of $276.77 million during the quarter, compared to analysts’ expectations of $263.77 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. ANSYS’s revenue for the quarter was up 12.6% compared to the same quarter last year. equities analysts forecast that ANSYS, Inc. will post 3.57 EPS for the current fiscal year.

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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About ANSYS

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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