ANSYS, Inc. (NASDAQ:ANSS) CFO Maria T. Shields sold 25,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $162.52, for a total value of $4,063,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of ANSYS, Inc. (ANSS) traded up $0.46 during mid-day trading on Wednesday, reaching $154.20. The company’s stock had a trading volume of 302,400 shares, compared to its average volume of 485,517. ANSYS, Inc. has a 12 month low of $97.78 and a 12 month high of $164.90. The firm has a market cap of $13,046.45, a price-to-earnings ratio of 48.49 and a beta of 1.07.
ANSS has been the topic of several recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a research report on Friday, November 3rd. Robert W. Baird reissued an “outperform” rating and set a $155.00 price target (up from $130.00) on shares of ANSYS in a research report on Friday, November 3rd. Wedbush reissued a “neutral” rating and set a $114.00 price target (down from $136.00) on shares of ANSYS in a research report on Friday, November 3rd. Royal Bank of Canada upped their price target on ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Finally, Evercore ISI reissued a “hold” rating and set a $113.00 price target on shares of ANSYS in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $128.91.
Hedge funds have recently modified their holdings of the business. Cerebellum GP LLC acquired a new position in ANSYS in the 4th quarter worth about $122,000. Calton & Associates Inc. bought a new stake in shares of ANSYS during the 4th quarter worth about $184,000. Advisor Partners LLC bought a new stake in shares of ANSYS during the 4th quarter worth about $219,000. Conning Inc. bought a new stake in shares of ANSYS during the 4th quarter worth about $204,000. Finally, Diversified Trust Co bought a new stake in shares of ANSYS during the 4th quarter worth about $210,000. 96.22% of the stock is currently owned by institutional investors.
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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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