ANSYS, Inc. (NASDAQ:ANSS) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $165.27 and last traded at $162.41, with a volume of 380400 shares changing hands. The stock had previously closed at $162.41.
A number of research firms have issued reports on ANSS. BidaskClub raised ANSYS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 7th. Berenberg Bank raised ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Tuesday, January 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of ANSYS in a research report on Friday, November 3rd. Royal Bank of Canada increased 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, Wedbush reaffirmed a “neutral” rating and issued a $114.00 price target (down previously from $136.00) on shares of ANSYS in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $128.91.
The firm has a market capitalization of $13,782.19, a price-to-earnings ratio of 51.62 and a beta of 1.07.
In related news, VP Richard S. Mahoney sold 8,527 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $17.84, for a total transaction of $152,121.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Maria T. Shields sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $162.52, for a total value of $4,063,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,527 shares of company stock worth $4,973,622. Company insiders own 1.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Cerebellum GP LLC purchased a new position in ANSYS during the 4th quarter worth approximately $122,000. Calton & Associates Inc. purchased a new position in ANSYS during the 4th quarter worth approximately $184,000. Advisor Partners LLC purchased a new position in ANSYS during the 4th quarter worth approximately $219,000. Conning Inc. purchased a new position in ANSYS during the 4th quarter worth approximately $204,000. Finally, Diversified Trust Co purchased a new position in ANSYS during the 4th quarter worth approximately $210,000. Hedge funds and other institutional investors own 96.22% 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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