Insider Selling: Ansys (ANSS) Director Sells 862 Shares of Stock


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


ANSS stock traded up $2.03 during midday trading on Thursday, reaching $159.04. The company’s stock had a trading volume of 228,844 shares, compared to its average volume of 488,807. Ansys has a 1 year low of $104.66 and a 1 year high of $171.92. The firm has a market cap of $13,284.24, a price-to-earnings ratio of 43.98 and a beta of 1.02.

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


Ansys announced that its board has authorized a share repurchase program on Wednesday, February 21st that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

A number of analysts recently issued reports on ANSS shares. Zacks Investment Research downgraded Ansys from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. ValuEngine upgraded Ansys from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub upgraded Ansys from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 7th. Berenberg Bank upgraded Ansys from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research report on Tuesday, January 30th. Finally, Wedbush restated a “neutral” rating and issued a $136.00 price target (down from $160.00) on shares of Ansys in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $132.00.


A number of hedge funds have recently added to or reduced their stakes in ANSS. Amundi Pioneer Asset Management Inc. purchased a new stake in Ansys in the fourth quarter worth $20,726,000. Guggenheim Capital LLC increased its stake in shares of Ansys by 34.2% during the fourth quarter. Guggenheim Capital LLC now owns 522,492 shares of the software maker’s stock valued at $77,115,000 after buying an additional 133,151 shares during the period. Janus Henderson Group PLC increased its stake in shares of Ansys by 33.1% during the third quarter. Janus Henderson Group PLC now owns 445,080 shares of the software maker’s stock valued at $54,625,000 after buying an additional 110,618 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Ansys during the fourth quarter valued at $16,062,000. Finally, National Pension Service purchased a new position in shares of Ansys during the fourth quarter valued at $15,660,000. Institutional investors and hedge funds own 96.50% of the company’s stock.


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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.

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