Richard S. Mahoney Sells 2,041 Shares of ANSYS, Inc. (ANSS) Stock

ANSYS, Inc. (NASDAQ:ANSS) VP Richard S. Mahoney sold 2,041 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $174.15, for a total value of $355,440.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Richard S. Mahoney also recently made the following trade(s):

Get ANSYS alerts: On Thursday, January 3rd, Richard S. Mahoney sold 8,347 shares of ANSYS stock. The shares were sold at an average price of $140.44, for a total value of $1,172,252.68.

ANSS traded down $0.72 during midday trading on Thursday, reaching $173.94. 30,591 shares of the company’s stock were exchanged, compared to its average volume of 336,617. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 48.18 and a beta of 1.34. ANSYS, Inc. has a one year low of $136.80 and a one year high of $190.45.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded ANSYS from a “hold” rating to a “buy” rating and set a $177.00 target price on the stock in a research note on Friday, January 18th. ValuEngine raised ANSYS from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. BidaskClub raised ANSYS from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Stifel Nicolaus started coverage on ANSYS in a report on Tuesday, December 18th. They set a “hold” rating and a $162.00 price objective for the company. Finally, Benchmark raised ANSYS from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $175.58.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc grew its holdings in ANSYS by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 8,770,380 shares of the software maker’s stock worth $1,637,254,000 after acquiring an additional 34,911 shares during the period. BlackRock Inc. boosted its position in shares of ANSYS by 4.5% during the third quarter. BlackRock Inc. now owns 7,292,501 shares of the software maker’s stock worth $1,361,363,000 after purchasing an additional 313,395 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in ANSYS by 7.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,953,093 shares of the software maker’s stock valued at $422,116,000 after acquiring an additional 206,347 shares in the last quarter. Principal Financial Group Inc. lifted its position in ANSYS by 10.0% during the 4th quarter. Principal Financial Group Inc. now owns 2,049,950 shares of the software maker’s stock worth $293,020,000 after buying an additional 186,051 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in ANSYS by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,561,040 shares of the software maker’s stock worth $271,901,000 after buying an additional 60,785 shares in the last quarter. 92.84% of the stock is owned by institutional investors.

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ANSYS Company Profile

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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