ANSYS, Inc. (NASDAQ:ANSS) Director Sells $67,324.00 in Stock

ANSYS, Inc. (NASDAQ:ANSS) Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

ANSYS Price Performance

Shares of ANSS traded up $2.39 during mid-day trading on Tuesday, hitting $339.58. The company’s stock had a trading volume of 252,091 shares, compared to its average volume of 486,936. The firm has a 50-day moving average price of $342.24 and a 200 day moving average price of $327.57. The stock has a market capitalization of $29.70 billion, a price-to-earnings ratio of 52.40, a PEG ratio of 3.89 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

Analyst Ratings Changes

A number of research firms have commented on ANSS. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird boosted their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $342.50.

Hedge Funds Weigh In On ANSYS

Hedge funds have recently made changes to their positions in the business. Bangor Savings Bank increased its position in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after acquiring an additional 34 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of ANSYS by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker’s stock worth $409,000 after acquiring an additional 37 shares in the last quarter. Wedmont Private Capital increased its position in shares of ANSYS by 1.8% in the fourth quarter. Wedmont Private Capital now owns 2,215 shares of the software maker’s stock worth $748,000 after acquiring an additional 39 shares in the last quarter. Gardner Lewis Asset Management L P increased its position in shares of ANSYS by 1.9% in the second quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock worth $699,000 after acquiring an additional 40 shares in the last quarter. Finally, Eads & Heald Wealth Management increased its position in shares of ANSYS by 1.6% in the third quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock worth $807,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.