The VP, WORLDWIDE SALES & SUPPORT of Ansys (NASDAQ: ANSS) is Selling Shares

By Carrie Williams

Today, the VP, WORLDWIDE SALES & SUPPORT of Ansys (NASDAQ: ANSS), Robert Andrew Kocis, sold shares of ANSS for $131.1K.

In addition to Robert Andrew Kocis, 23 other ANSS executives reported Sell trades in the last month. Following Robert Andrew Kocis’ last ANSS Sell transaction on September 07, 2016, the stock climbed by 11.3%.

Based on Ansys’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $271 million and quarterly net profit of $69.98 million. In comparison, last year the company earned revenue of $252 million and had a net profit of $68.02 million. The company has a one year high of $108.92 and a one year low of $81.41. ANSS’s market cap is $9.12B and the company has a P/E ratio of 35.61.

Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $99.00, reflecting a 7.3% upside.

In the last 30 days, insiders have sold $2.67M worth of ANSS shares and purchased $389.9K worth of ANSS shares. The insider sentiment on Ansys has been negative according to 67 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ANSYS, Inc. develops and markets engineering simulation software and services. It used by engineers, designers, researchers and students across industries and academia, including aerospace, automotive, materials and chemical processing, turbomachinery, consumer products, electronics, biomedical, energy, defense and others. Its product portfolio includes ANSYS Workbench, ANSYS Engineering Knowledge Management, computing product suite, geometry handling solutions, and meshing technology. The company was founded by John A. Swanson in 1970 and is headquartered in Canonsburg, PA.