Insider Selling: ANSYS, Inc. (NASDAQ:ANSS) Director Sells 750 Shares of Stock

ANSYS, Inc. (NASDAQ:ANSS) Director Barbara Vaughn Scherer sold 750 shares of ANSYS stock in a transaction that occurred on Friday, June 4th. The shares were sold at an average price of $338.40, for a total transaction of $253,800.00. Following the completion of the transaction, the director now directly owns 12,344 shares in the company, valued at $4,177,209.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Barbara Vaughn Scherer also recently made the following trade(s):

  • On Tuesday, June 8th, Barbara Vaughn Scherer sold 250 shares of ANSYS stock. The shares were sold at an average price of $330.00, for a total transaction of $82,500.00.

Shares of NASDAQ:ANSS opened at $335.73 on Friday. The firm has a market capitalization of $29.26 billion, a price-to-earnings ratio of 63.83, a PEG ratio of 4.86 and a beta of 1.22. The business’s fifty day simple moving average is $347.43. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.19. ANSYS, Inc. has a 52 week low of $265.68 and a 52 week high of $413.19.

ANSYS (NASDAQ:ANSS) last released its earnings results on Tuesday, May 4th. The software maker reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.28. The business had revenue of $372.15 million for the quarter, compared to analyst estimates of $352.75 million. ANSYS had a net margin of 26.46% and a return on equity of 12.80%. Research analysts anticipate that ANSYS, Inc. will post 5.48 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in ANSS. Grandview Asset Management LLC acquired a new position in ANSYS in the first quarter valued at $27,000. IFP Advisors Inc increased its stake in ANSYS by 54.7% in the first quarter. IFP Advisors Inc now owns 82 shares of the software maker’s stock valued at $28,000 after purchasing an additional 29 shares in the last quarter. Better Money Decisions LLC bought a new stake in ANSYS in the first quarter valued at $29,000. Perigon Wealth Management LLC bought a new stake in ANSYS in the fourth quarter valued at $32,000. Finally, CSat Investment Advisory L.P. increased its stake in ANSYS by 54.1% in the first quarter. CSat Investment Advisory L.P. now owns 94 shares of the software maker’s stock valued at $32,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 89.88% of the company’s stock.

A number of research analysts recently issued reports on ANSS shares. Rosenblatt Securities started coverage on shares of ANSYS in a research note on Monday. They issued a “neutral” rating and a $340.00 price objective on the stock. Zacks Investment Research lowered shares of ANSYS from a “buy” rating to a “hold” rating and set a $345.00 target price on the stock. in a research report on Tuesday. Stifel Nicolaus started coverage on shares of ANSYS in a research report on Tuesday, May 25th. They issued a “hold” rating and a $365.00 target price on the stock. Royal Bank of Canada cut their target price on shares of ANSYS from $380.00 to $360.00 and set a “sector perform” rating on the stock in a research report on Friday, May 7th. Finally, Bank of America initiated coverage on shares of ANSYS in a research report on Monday, April 19th. They issued a “buy” rating and a $100.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. ANSYS currently has a consensus rating of “Hold” and an average price target of $313.33.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite; and structural analysis product suite that provides simulation tools for product design and optimization.

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

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