Ansys (NASDAQ:ANSS) CEO Ajei Gopal sold 3,711 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ:ANSS traded up $0.71 during mid-day trading on Wednesday, reaching $164.16. The stock had a trading volume of 406,700 shares, compared to its average volume of 478,063. The company has a market capitalization of $13.82 billion, a P/E ratio of 45.22 and a beta of 1.02. Ansys has a 1 year low of $119.20 and a 1 year high of $173.20.
Ansys (NASDAQ:ANSS) last posted its earnings results on Wednesday, May 2nd. The software maker reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. The company had revenue of $285.20 million for the quarter, compared to the consensus estimate of $276.56 million. Ansys had a return on equity of 14.51% and a net margin of 24.92%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 earnings per share. equities research analysts predict that Ansys will post 4.4 earnings per share for the current year.
Ansys announced that its board has approved a share repurchase program on Wednesday, February 21st that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the software maker to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Several large investors have recently bought and sold shares of ANSS. BlackRock Inc. increased its stake in Ansys by 5.0% during the first quarter. BlackRock Inc. now owns 7,083,785 shares of the software maker’s stock worth $1,109,958,000 after acquiring an additional 334,732 shares during the last quarter. Atlanta Capital Management Co. L L C increased its stake in Ansys by 1.2% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 4,275,602 shares of the software maker’s stock worth $631,036,000 after acquiring an additional 51,981 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Ansys by 0.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,822,743 shares of the software maker’s stock worth $442,295,000 after acquiring an additional 13,252 shares during the last quarter. Aristotle Capital Management LLC increased its stake in Ansys by 3.0% during the first quarter. Aristotle Capital Management LLC now owns 2,352,229 shares of the software maker’s stock worth $368,571,000 after acquiring an additional 67,635 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Ansys by 1.3% during the first quarter. Northern Trust Corp now owns 1,331,878 shares of the software maker’s stock worth $208,692,000 after acquiring an additional 17,632 shares during the last quarter. Institutional investors own 94.09% of the company’s stock.
Several equities analysts have recently commented on ANSS shares. BidaskClub upgraded Ansys from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research downgraded Ansys from a “buy” rating to a “hold” rating in a research report on Monday. UBS upgraded Ansys from a “neutral” rating to an “overweight” rating in a research report on Thursday, May 3rd. ValuEngine upgraded Ansys from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Berenberg Bank upgraded Ansys from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Ansys currently has a consensus rating of “Hold” and an average target price of $136.50.
Ansys Company Profile
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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