ANSYS Target of Unusually Large Options Trading (NASDAQ:ANSS)

ANSYS, Inc. (NASDAQ:ANSS) was the recipient of some unusual options trading on Monday. Traders bought 9,796 put options on the stock. This is an increase of 4,898% compared to the typical volume of 196 put options.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the sale, the director now directly owns 3,049 shares of the company’s stock, valued at approximately $1,043,001.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ANSYS

Several hedge funds and other institutional investors have recently made changes to their positions in ANSS. Wedmont Private Capital lifted its position in shares of ANSYS by 1.3% during the 1st quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock worth $779,000 after buying an additional 30 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of ANSYS by 3.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after buying an additional 32 shares during the last quarter. Ieq Capital LLC lifted its position in shares of ANSYS by 1.2% during the 4th quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock worth $1,035,000 after buying an additional 34 shares during the last quarter. Personal CFO Solutions LLC lifted its position in shares of ANSYS by 2.6% during the 4th quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock worth $493,000 after buying an additional 34 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in shares of ANSYS by 1.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock worth $752,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 1.8 %

Shares of NASDAQ:ANSS opened at $327.10 on Wednesday. The business has a 50-day moving average price of $324.85 and a 200 day moving average price of $333.14. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $28.56 billion, a price-to-earnings ratio of 65.68, a PEG ratio of 7.16 and a beta of 1.11. ANSYS has a 12-month low of $258.01 and a 12-month high of $364.31.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, May 1st. The software maker reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.54). ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The firm had revenue of $466.60 million for the quarter, compared to analysts’ expectations of $549.85 million. During the same quarter last year, the business earned $1.45 earnings per share. The business’s revenue was down 8.4% compared to the same quarter last year. Sell-side analysts expect that ANSYS will post 7.05 EPS for the current year.

Wall Street Analyst Weigh In

ANSS has been the subject of a number of recent research reports. KeyCorp initiated coverage on ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. StockNews.com initiated coverage on ANSYS in a research note on Wednesday, June 26th. They issued a “hold” rating for the company. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 target price on shares of ANSYS in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and a consensus price target of $320.00.

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.