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

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

NASDAQ ANSS opened at $163.78 on Friday. The stock has a market cap of $13,920.19, a PE ratio of 46.61 and a beta of 1.02. Ansys has a 52-week low of $107.63 and a 52-week high of $171.92.

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Ansys (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 21st. The software maker reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The company had revenue of $302.34 million during the quarter, compared to analysts’ expectations of $290.66 million. Ansys had a net margin of 23.67% and a return on equity of 13.77%. Ansys’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. research analysts forecast that Ansys will post 4.41 earnings per share for the current year.

Ansys announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 21st that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

A number of institutional investors have recently modified their holdings of ANSS. Amundi Pioneer Asset Management Inc. acquired a new stake in Ansys in the 4th quarter worth about $20,726,000. Guggenheim Capital LLC raised its stake in Ansys by 34.2% in the 4th quarter. Guggenheim Capital LLC now owns 522,492 shares of the software maker’s stock worth $77,115,000 after purchasing an additional 133,151 shares in the last quarter. Janus Henderson Group PLC raised its stake in Ansys by 33.1% in the 3rd quarter. Janus Henderson Group PLC now owns 445,080 shares of the software maker’s stock worth $54,625,000 after purchasing an additional 110,618 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Ansys in the 4th quarter worth about $16,062,000. Finally, National Pension Service acquired a new stake in Ansys in the 4th quarter worth about $15,660,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

ANSS has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Ansys from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub downgraded shares of Ansys from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 26th. Berenberg Bank raised shares of Ansys from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Tuesday, January 30th. Wedbush reissued a “neutral” rating and issued a $136.00 price objective (down previously from $160.00) on shares of Ansys in a research report on Friday, February 23rd. Finally, ValuEngine raised shares of Ansys from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $132.00.

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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.

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

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