Insider Selling: ANSYS, Inc. (ANSS) Director Sells 3,500 Shares of Stock

ANSYS, Inc. (NASDAQ:ANSS) Director Michael Thurk sold 3,500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $179.19, for a total value of $627,165.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Michael Thurk also recently made the following trade(s):

  • On Monday, February 11th, Michael Thurk sold 3,500 shares of ANSYS stock. The shares were sold at an average price of $171.73, for a total value of $601,055.00.

Shares of NASDAQ:ANSS opened at $180.62 on Friday. ANSYS, Inc. has a twelve month low of $136.80 and a twelve month high of $190.45. The company has a market cap of $15.16 billion, a P/E ratio of 34.67 and a beta of 1.35.



ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 27th. The software maker reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.64. ANSYS had a return on equity of 17.83% and a net margin of 32.42%. The firm had revenue of $340.07 million during the quarter, compared to the consensus estimate of $365.03 million. During the same quarter in the prior year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts forecast that ANSYS, Inc. will post 5.02 earnings per share for the current year.

A number of large investors have recently made changes to their positions in ANSS. Norges Bank bought a new stake in ANSYS during the 4th quarter valued at approximately $143,212,000. Federated Investors Inc. PA boosted its stake in ANSYS by 7,465.8% during the 3rd quarter. Federated Investors Inc. PA now owns 502,593 shares of the software maker’s stock valued at $93,824,000 after purchasing an additional 495,950 shares during the period. Select Equity Group L.P. lifted its position in shares of ANSYS by 125.5% in the 3rd quarter. Select Equity Group L.P. now owns 874,115 shares of the software maker’s stock worth $163,180,000 after acquiring an additional 486,564 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of ANSYS by 11,985.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 435,915 shares of the software maker’s stock worth $62,310,000 after acquiring an additional 432,308 shares during the period. Finally, BlackRock Inc. lifted its position in shares of ANSYS by 4.5% in the 3rd quarter. BlackRock Inc. now owns 7,292,501 shares of the software maker’s stock worth $1,361,363,000 after acquiring an additional 313,395 shares during the period. Hedge funds and other institutional investors own 93.38% of the company’s stock.

A number of research analysts have recently commented on ANSS shares. Stifel Nicolaus started coverage on ANSYS in a report on Tuesday, December 18th. They set a “hold” rating and a $162.00 price objective on the stock. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $177.00 price objective on the stock in a report on Friday, January 18th. BidaskClub raised ANSYS from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Mitsubishi UFJ Financial Group increased their price objective on ANSYS to $203.00 and gave the company an “overweight” rating in a report on Thursday, February 28th. Finally, Wedbush increased their price objective on ANSYS from $192.00 to $201.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. ANSYS has a consensus rating of “Buy” and an average target price of $181.69.

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About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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