ANSYS, Inc. (NASDAQ:ANSS) VP Shane Emswiler sold 12,504 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total value of $1,900,107.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of ANSYS, Inc. (ANSS) opened at $150.28 on Friday. The firm has a market capitalization of $12,752.76, a P/E ratio of 42.94 and a beta of 1.05. ANSYS, Inc. has a 12-month low of $86.09 and a 12-month high of $155.14.
ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The firm had revenue of $276.77 million during the quarter, compared to analyst estimates of $263.77 million. During the same period last year, the business earned $0.95 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. equities analysts predict that ANSYS, Inc. will post 3.57 EPS for the current year.
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Several hedge funds have recently added to or reduced their stakes in ANSS. Creative Planning lifted its holdings in shares of ANSYS by 68.6% during the second quarter. Creative Planning now owns 875 shares of the software maker’s stock valued at $106,000 after purchasing an additional 356 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings 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 valued at $121,000 after purchasing an additional 69 shares during the last quarter. Parallax Volatility Advisers L.P. purchased a new position in shares of ANSYS during the second quarter valued at approximately $138,000. Dupont Capital Management Corp purchased a new position in shares of ANSYS during the second quarter valued at approximately $149,000. Finally, Fiduciary Trust Co. purchased a new position in shares of ANSYS during the second quarter valued at approximately $170,000. Hedge funds and other institutional investors own 97.18% of the company’s stock.
Several research firms recently issued reports on ANSS. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Tuesday, November 7th. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. Citigroup Inc. raised their target price on ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Wedbush reissued a “neutral” rating and issued a $114.00 target price (down from $136.00) on shares of ANSYS in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada raised their target price on ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ANSYS presently has a consensus rating of “Hold” and an average price target of $128.91.
ANSYS Company Profile
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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