James E. Cashman III Sells 862 Shares of Ansys (ANSS) Stock

Ansys (NASDAQ:ANSS) Director James E. Cashman III sold 862 shares of the business’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $158.00, for a total value of $136,196.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of ANSS stock opened at $156.98 on Friday. Ansys has a 1-year low of $104.66 and a 1-year high of $171.92. The company has a market cap of $13,207.69, a PE ratio of 43.48 and a beta of 1.02.

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Ansys (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.04. Ansys had a return on equity of 13.77% and a net margin of 23.67%. The firm had revenue of $302.34 million during the quarter, compared to analysts’ expectations of $290.66 million. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. research analysts anticipate that Ansys will post 4.41 earnings per share for the current year.

Ansys announced that its Board of Directors has approved a stock buyback program on Wednesday, February 21st that permits the company to buyback 5,000,000 shares. This buyback authorization permits the software maker to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in shares of Ansys by 2.6% during the third quarter. Janney Montgomery Scott LLC now owns 13,884 shares of the software maker’s stock worth $1,704,000 after purchasing an additional 356 shares in the last quarter. Cookson Peirce & Co. Inc. increased its position in shares of Ansys by 14.5% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 3,475 shares of the software maker’s stock worth $513,000 after purchasing an additional 440 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of Ansys by 12.6% during the fourth quarter. First Republic Investment Management Inc. now owns 4,025 shares of the software maker’s stock worth $594,000 after purchasing an additional 451 shares in the last quarter. Corient Capital Partners LLC increased its position in shares of Ansys by 6.6% during the fourth quarter. Corient Capital Partners LLC now owns 7,253 shares of the software maker’s stock worth $1,070,000 after purchasing an additional 452 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Ansys by 2.5% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 21,594 shares of the software maker’s stock worth $2,650,000 after purchasing an additional 531 shares in the last quarter. Hedge funds and other institutional investors own 96.50% of the company’s stock.

Several research analysts have recently weighed in on the company. BidaskClub raised Ansys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 10th. ValuEngine raised Ansys from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised Ansys from a “hold” rating to a “buy” rating and set a $181.00 target price for the company in a research note on Wednesday, February 28th. Wedbush reaffirmed a “neutral” rating and set a $136.00 target price (down from $160.00) on shares of Ansys in a research note on Friday, February 23rd. Finally, Berenberg Bank raised Ansys from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $132.00.

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About Ansys

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.

Insider Buying and Selling by Quarter for Ansys (NASDAQ:ANSS)

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