ANSYS, Inc. (NASDAQ:ANSS) Director Sells $60,002.00 in Stock

ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the sale, the director now directly owns 3,230 shares of the company's stock, valued at $969,032.30. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

ANSYS Stock Performance

Shares of ANSS traded up $1.15 during mid-day trading on Friday, hitting $302.74. The stock had a trading volume of 817,786 shares, compared to its average volume of 479,074. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The business has a fifty day moving average price of $319.11 and a 200-day moving average price of $332.32. The firm has a market cap of $26.54 billion, a P/E ratio of 46.22, a PEG ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). The firm had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, equities research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ANSS. Stock Yards Bank & Trust Co. boosted its holdings in shares of ANSYS by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock worth $767,000 after acquiring an additional 30 shares during the period. Greenleaf Trust lifted its holdings in ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock worth $1,232,000 after purchasing an additional 32 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in ANSYS by 0.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock worth $1,473,000 after purchasing an additional 34 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in ANSYS by 2.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock valued at $438,000 after buying an additional 35 shares in the last quarter. Finally, BTC Capital Management Inc. increased its position in shares of ANSYS by 2.5% during the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock valued at $506,000 after buying an additional 36 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ANSS shares. Rosenblatt Securities raised their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a report on Friday.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.