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.
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.
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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