Ansys Inc. (NASDAQ:ANSS) saw unusually-high trading volume on Wednesday . Approximately 504,274 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 454,300 shares.The stock last traded at $90.62 and had previously closed at $90.50.

ANSS has been the subject of a number of analyst reports. Zacks Investment Research upgraded Ansys from a “sell” rating to a “hold” rating in a report on Monday, April 11th. KeyCorp restated a “hold” rating on shares of Ansys in a report on Saturday, June 4th. Goldman Sachs Group Inc. initiated coverage on Ansys in a report on Thursday, May 26th. They issued a “neutral” rating and a $90.00 price target for the company. Robert W. Baird restated a “buy” rating on shares of Ansys in a report on Sunday, May 8th. Finally, Wedbush restated a “neutral” rating and issued a $86.00 price target on shares of Ansys in a report on Friday, June 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $92.29.

The stock has a market cap of $7.96 billion and a PE ratio of 32.52. The stock has a 50-day moving average of $89.21 and a 200 day moving average of $87.66.

Ansys (NASDAQ:ANSS) last posted its earnings results on Thursday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The business earned $225.90 million during the quarter, compared to analyst estimates of $228.51 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts predict that Ansys Inc. will post $3.56 EPS for the current fiscal year.

In other Ansys news, CFO Maria T. Shields sold 35,000 shares of the business’s stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $88.00, for a total value of $3,080,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds and institutional investors have recently bought and sold shares of ANSS. MUFG Americas Holdings Corp boosted its position in Ansys by 38.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 42,311 shares of the company’s stock valued at $3,914,000 after buying an additional 11,797 shares in the last quarter. California Public Employees Retirement System boosted its position in Ansys by 2.8% in the fourth quarter. California Public Employees Retirement System now owns 257,000 shares of the company’s stock valued at $23,773,000 after buying an additional 6,900 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in Ansys by 7.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 11,264 shares of the company’s stock valued at $1,042,000 after buying an additional 821 shares in the last quarter. American Capital Management Inc. boosted its position in Ansys by 48.2% in the fourth quarter. American Capital Management Inc. now owns 187,497 shares of the company’s stock valued at $17,343,000 after buying an additional 60,960 shares in the last quarter. Finally, Atlantic Trust Group LLC boosted its position in Ansys by 0.7% in the fourth quarter. Atlantic Trust Group LLC now owns 100,267 shares of the company’s stock valued at $9,275,000 after buying an additional 676 shares in the last quarter.

ANSYS, Inc develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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