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

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

ANSYS Stock Performance

ANSYS stock opened at $344.42 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The stock has a fifty day moving average of $342.73 and a two-hundred day moving average of $327.80. The company has a market capitalization of $30.12 billion, a price-to-earnings ratio of 53.15, a PEG ratio of 3.52 and a beta of 1.11.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Redwood Wealth Management Group LLC purchased a new stake in shares of ANSYS during the 2nd quarter worth about $32,000. Bangor Savings Bank lifted its holdings in ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after buying an additional 34 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its stake in shares of ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after buying an additional 170 shares during the last quarter. Intact Investment Management Inc. bought a new stake in shares of ANSYS in the 3rd quarter worth about $70,000. Finally, Brooklyn Investment Group acquired a new stake in ANSYS during the third quarter valued at approximately $119,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

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.