Ansys (NASDAQ:ANSS) CEO Ajei Gopal sold 3,711 shares of Ansys stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $165.30, for a total value of $613,428.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Ansys stock opened at $162.32 on Friday. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 42.62 and a beta of 1.02. Ansys has a one year low of $119.20 and a one year high of $173.20.
Ansys (NASDAQ:ANSS) last announced its earnings results on Wednesday, May 2nd. The software maker reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.18. The business had revenue of $285.20 million during the quarter, compared to the consensus estimate of $276.56 million. Ansys had a net margin of 24.92% and a return on equity of 14.51%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. equities analysts predict that Ansys will post 4.4 EPS for the current fiscal year.
Ansys declared that its Board of Directors has approved a share buyback program on Wednesday, February 21st that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the software maker to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
A number of institutional investors have recently made changes to their positions in the business. Cerebellum GP LLC purchased a new stake in shares of Ansys during the fourth quarter worth about $122,000. Calton & Associates Inc. purchased a new stake in shares of Ansys during the fourth quarter worth about $184,000. Fiera Capital Corp purchased a new stake in shares of Ansys during the first quarter worth about $211,000. Advisor Partners LLC purchased a new stake in shares of Ansys during the fourth quarter worth about $219,000. Finally, Conning Inc. purchased a new stake in shares of Ansys during the fourth quarter worth about $204,000. Institutional investors and hedge funds own 94.09% of the company’s stock.
ANSS has been the subject of several recent research reports. ValuEngine upgraded Ansys from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub downgraded Ansys from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 24th. Zacks Investment Research upgraded Ansys from a “hold” rating to a “buy” rating and set a $181.00 price objective for the company in a report on Wednesday, February 28th. Berenberg Bank upgraded Ansys from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a report on Tuesday, January 30th. Finally, Wedbush restated a “neutral” rating and issued a $136.00 price objective (down from $160.00) on shares of Ansys in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Ansys currently has a consensus rating of “Hold” and a consensus target price of $136.50.
ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers, researchers, and students in the aerospace and defense, automotive, electronics, semiconductors, energy, materials and chemical processing, turbomachinery, consumer products, healthcare, and sports industries and academia worldwide.
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