ANSYS, Inc. (NASDAQ:ANSS) Director Glenda Dorchak Sells 200 Shares

ANSYS, Inc. (NASDAQ:ANSS) Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

ANSYS Trading Up 0.4 %

Shares of NASDAQ:ANSS opened at $344.42 on Friday. The stock 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. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a 50 day moving average price of $342.73 and a 200 day moving average price of $327.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird raised their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $342.50.

Institutional Investors Weigh In On ANSYS

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

ANSYS Company Profile

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.