News stories about ANSYS (NASDAQ:ANSS) have been trending somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. ANSYS earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.4055846486583 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- BidaskClub Upgrades ANSYS (ANSS) to Strong-Buy (americanbankingnews.com)
- Insider Selling: ANSYS, Inc. (ANSS) Director Sells 24,500 Shares of Stock (americanbankingnews.com)
- Where Ansys Inc’s (NASDAQ:ANSS) Earnings Growth Stands Against Its Industry (finance.yahoo.com)
- Insider Selling: ANSYS, Inc. (ANSS) VP Sells 1,625 Shares of Stock (americanbankingnews.com)
Shares of ANSYS (ANSS) traded down $0.80 during trading on Wednesday, hitting $166.95. The company had a trading volume of 425,323 shares, compared to its average volume of 507,998. The firm has a market cap of $14,253.10, a P/E ratio of 56.10 and a beta of 1.04. ANSYS has a 1 year low of $104.55 and a 1 year high of $171.92.
ANSYS announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 21st that allows the company to buyback 5,000,000 shares. This buyback authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
ANSS has been the subject of several research analyst reports. BidaskClub upgraded ANSYS from a “buy” rating to a “strong-buy” rating in a research report on Saturday. ValuEngine upgraded ANSYS from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a research note on Wednesday, February 28th. Wedbush restated a “neutral” rating and issued a $136.00 price target (down from $160.00) on shares of ANSYS in a research note on Friday, February 23rd. Finally, Berenberg Bank upgraded ANSYS from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $132.00.
In other ANSYS news, Director Bradford C. Morley sold 24,500 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $165.06, for a total value of $4,043,970.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Richard S. Mahoney sold 8,527 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total transaction of $152,121.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,691 shares of company stock valued at $8,852,518. 1.30% of the stock is owned by corporate insiders.
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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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