Insider Selling: ANSYS, Inc. (NASDAQ:ANSS) Director Sells 200 Shares of Stock

ANSYS, Inc. (NASDAQ:ANSS - Get Free Report) Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ANSYS Stock Performance

Shares of ANSYS stock traded up $2.39 during trading hours on Tuesday, reaching $339.58. The company's stock had a trading volume of 252,091 shares, compared to its average volume of 486,936. The company's 50 day simple moving average is $342.24 and its 200 day simple moving average is $327.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The stock has a market cap of $29.70 billion, a P/E ratio of 52.40, a price-to-earnings-growth ratio of 3.89 and a beta of 1.11.

Wall Street Analyst Weigh In

ANSS has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $342.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ANSS. D1 Capital Partners L.P. bought a new position in shares of ANSYS in the 3rd quarter worth about $73,345,000. State Street Corp lifted its position in ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock valued at $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. JPMorgan Chase & Co. lifted its position in ANSYS by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock valued at $123,217,000 after purchasing an additional 100,042 shares during the last quarter. Bank of Montreal Can lifted its position in ANSYS by 72.8% in the 2nd quarter. Bank of Montreal Can now owns 213,323 shares of the software maker's stock valued at $69,488,000 after purchasing an additional 89,840 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in ANSYS by 140.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker's stock valued at $44,565,000 after purchasing an additional 80,886 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

ANSYS Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.