Investors bought shares of ANSYS, Inc. (NASDAQ:ANSS) on weakness during trading hours on Monday. $21.13 million flowed into the stock on the tick-up and $14.07 million flowed out of the stock on the tick-down, for a money net flow of $7.06 million into the stock. Of all stocks tracked, ANSYS had the 33rd highest net in-flow for the day. ANSYS traded down ($0.44) for the day and closed at $147.59

Several equities research analysts have issued reports on ANSS shares. Needham & Company LLC reaffirmed a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of ANSYS in a research note on Friday, September 29th. Robert W. Baird set a $130.00 price target on shares of ANSYS and gave the company a “buy” rating in a research report on Monday, August 28th. Wedbush reissued a “neutral” rating and set a $129.19 price target (up previously from $114.00) on shares of ANSYS in a research report on Friday, September 15th. Finally, Berenberg Bank began coverage on shares of ANSYS in a research report on Wednesday, August 23rd. They set a “hold” rating and a $123.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $128.91.

The stock has a market capitalization of $12,520.00, a P/E ratio of 42.29 and a beta of 1.06.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.10. The company had revenue of $276.77 million for the quarter, compared to analyst estimates of $263.77 million. ANSYS had a net margin of 26.72% and a return on equity of 13.19%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. equities research analysts forecast that ANSYS, Inc. will post 3.57 earnings per share for the current year.

In other ANSYS news, VP Mark Hindsbo sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $151.70, for a total transaction of $758,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. Insiders have sold 18,504 shares of company stock worth $2,808,608 over the last quarter. Insiders own 1.30% of the company’s stock.

Large investors have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. increased its stake in shares of ANSYS by 7.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock worth $121,000 after buying an additional 69 shares during the period. Parallax Volatility Advisers L.P. purchased a new stake in shares of ANSYS during the second quarter worth approximately $138,000. Dupont Capital Management Corp purchased a new stake in shares of ANSYS during the second quarter worth approximately $149,000. Fiduciary Trust Co. purchased a new stake in shares of ANSYS during the second quarter worth approximately $170,000. Finally, ETF Managers Group LLC purchased a new stake in shares of ANSYS during the second quarter worth approximately $171,000. Institutional investors own 96.95% of the company’s stock.

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About ANSYS

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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