ANSYS (ANSS) : Investors lapped up stocks on upticks to the tune of $21.54 million in the Wednesdays trading session. The trading value on downticks was comparatively at $11.63 million and the uptick to downtick ratio of 1.85 indicates continuous buying by the bulls. The net money flow into the stock was $9.91 million. The block trades were dominated by the bulls with a healthy 8.03, uptick to downtick ratio. Only $1.06 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $8.5 clearly indicating buying by large investors. The total money flow for block trades stood at $7.44 million, which is a positive for the stock in the long-term. ANSYS (ANSS) fell $0.04 during the day at $90.46, a drop of -0.04% over the previous days close. However, for the week, the stock is -0.75%, compared to the previous week.
Also, Goldman Sachs initiates coverage on ANSYS (NASDAQ:ANSS) In a research note issued to the investors, the brokerage major announces price-target of $90 per share.The shares have been rated Neutral. The rating by the firm was issued on May 26, 2016.
ANSYS (NASDAQ:ANSS): The stock opened at $90.57 on Wednesday but the bulls could not build on the opening and the stock topped out at $90.93 for the day. The stock traded down to $90.01 during the day, due to lack of any buying support eventually closed down at $90.46 with a loss of -0.04% for the day. The stock had closed at $90.50 on the previous day. The total traded volume was 697,963 shares.
The stock has recorded a 20-day Moving Average of 0.65% and the 50-Day Moving Average is 2.32%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (CFO & VP Finance and Admin.) of Ansys Inc, Shields Maria T had sold 35,000 shares worth of $3,080,000 in a transaction dated June 16, 2016. In this transaction, 35,000 shares were sold at $88 per share.
ANSYS, Inc. (ANSYS) develops and markets engineering simulation software and services. The Company offers the suite to engineers, designers, researchers and students, and for industries and academia, including aerospace, automotive, manufacturing, electronics, biomedical, energy and defense. The Companys product portfolio consists of ANSYS Workbench, Structures, Fluids, Electronics, Systems and Academic. ANSYS Workbench is the framework upon which the Companys suite of engineering simulation technologies is built. The structures product suite offers simulation tools for product design and optimization. The fluids product suite enables modeling of fluid flow. The Companys system simulation capability is to design automated products. The academic product suite provides a portfolio of academic products-based on usage tiers, such as associate, research and teaching.