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

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

ANSYS Trading Up 0.7 %

Shares of NASDAQ:ANSS opened at $339.58 on Wednesday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $342.54 and its 200 day moving average price is $327.69. The company has a market cap of $29.70 billion, a PE ratio of 52.40, a P/E/G ratio of 3.89 and a beta of 1.11. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03.

Analysts Set New Price Targets

ANSS has been the subject of a number of research reports. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird raised their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One equities research 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $342.50.

Institutional Investors Weigh In On ANSYS

A number of hedge funds have recently made changes to their positions in ANSS. State Street Corp grew its holdings in ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after buying an additional 106,187 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after purchasing an additional 37,577 shares in the last quarter. Earnest Partners LLC grew its stake in shares of ANSYS by 2.5% in the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker’s stock worth $195,160,000 after purchasing an additional 15,012 shares in the last quarter. Impax Asset Management Group plc increased its holdings in shares of ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after purchasing an additional 44,605 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of ANSYS by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock valued at $169,556,000 after purchasing an additional 8,706 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

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.