ANSYS, Inc. (ANSS) VP Sells $330,338.39 in Stock

ANSYS, Inc. (NASDAQ:ANSS) VP Richard S. Mahoney sold 2,039 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $162.01, for a total value of $330,338.39. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ANSYS, Inc. (ANSS) opened at $160.94 on Friday. The stock has a market capitalization of $13,878.08, a P/E ratio of 53.83 and a beta of 1.07. ANSYS, Inc. has a 1 year low of $101.08 and a 1 year high of $169.45.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The company had revenue of $302.34 million for the quarter, compared to the consensus estimate of $290.66 million. ANSYS had a return on equity of 13.80% and a net margin of 23.67%. ANSYS’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 earnings per share. analysts expect that ANSYS, Inc. will post 3.87 earnings per share for the current fiscal year.

ANSYS declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 21st that allows the company to buyback 5,000,000 outstanding shares. This buyback authorization allows the software maker to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

ANSS has been the topic of a number of recent research reports. Evercore ISI restated a “hold” rating and issued a $113.00 target price on shares of ANSYS in a research note on Thursday, November 2nd. Robert W. Baird restated an “outperform” rating and issued a $155.00 target price (up previously from $130.00) on shares of ANSYS in a research note on Friday, November 3rd. Royal Bank of Canada upped their target price on ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Wedbush restated a “neutral” rating and issued a $114.00 target price (down previously from $136.00) on shares of ANSYS in a research note on Friday, November 3rd. Finally, Citigroup upped their target price on ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. ANSYS currently has an average rating of “Hold” and an average target price of $128.91.

Hedge funds have recently modified their holdings of the business. Cerebellum GP LLC purchased a new position in ANSYS during the fourth quarter worth approximately $122,000. Calton & Associates Inc. purchased a new position in ANSYS during the fourth quarter worth approximately $184,000. Advisor Partners LLC purchased a new position in ANSYS during the fourth quarter worth approximately $219,000. Conning Inc. purchased a new position in ANSYS during the fourth quarter worth approximately $204,000. Finally, Diversified Trust Co purchased a new position in ANSYS during the fourth quarter worth approximately $210,000. Institutional investors own 95.24% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for ANSYS (NASDAQ:ANSS)

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