Glenda Dorchak Sells 200 Shares of ANSYS, Inc. (NASDAQ:ANSS) Stock

ANSYS, Inc. (NASDAQ:ANSS) Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $300.01, for a total transaction of $60,002.00. Following the sale, the director now directly owns 3,230 shares of the company’s stock, valued at approximately $969,032.30. This represents a 5.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

ANSYS Stock Performance

NASDAQ ANSS traded up $1.98 on Tuesday, hitting $304.08. The stock had a trading volume of 568,948 shares, compared to its average volume of 473,530. The company’s 50-day moving average is $322.38 and its two-hundred day moving average is $332.68. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 46.42, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last issued 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 business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. On average, analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ANSS shares. Rosenblatt Securities upped their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

Institutional Investors Weigh In On ANSYS

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameliora Wealth Management Ltd. bought a new position in ANSYS in the 4th quarter valued at about $27,000. NBC Securities Inc. bought a new position in shares of ANSYS in the first quarter valued at approximately $31,000. Quarry LP increased its stake in shares of ANSYS by 1,550.0% during the fourth quarter. Quarry LP now owns 99 shares of the software maker’s stock valued at $33,000 after acquiring an additional 93 shares during the period. Assetmark Inc. increased its stake in shares of ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after acquiring an additional 103 shares during the period. Finally, Millstone Evans Group LLC bought a new stake in ANSYS during the fourth quarter worth approximately $42,000. 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.