Investors Buy ANSYS (ANSS) on Weakness
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.
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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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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