What Did This CEO Just Do with Personal Shares of Ansys (NASDAQ: ANSS)?

By Carrie Williams

Today, the President & CEO of Ansys (ANSSResearch Report), Ajei Gopal, sold shares of ANSS for $3.13M.

This is Gopal’s first transaction since reporting a Buy transaction on SYMC back in September 2005

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Based on Ansys’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $415 million and quarterly net profit of $153 million. In comparison, last year the company earned revenue of $302 million and had a net profit of $52.59 million. ANSS’s market cap is $15.11B and the company has a P/E ratio of 36.89. Currently, Ansys has an average volume of 757.7K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $189.83, reflecting a 5.2% upside.

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ANSYS, Inc. engages in the development and marketing of engineering simulation software and services. 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.