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Potential Price Increase for Ansys Inc. (ANSS) After Recent Insider Activity

Ansys Inc.’s filing revealed that its Director Dorchak Glenda unloaded Company’s shares for reported $51312.0 on Apr 08 ’24. In the deal valued at $342.08 per share,150 shares were sold. As a result of this transaction, Dorchak Glenda now holds 3,049 shares worth roughly $0.99 million.

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Then, Dorchak Glenda sold 200 shares, generating $69,136 in total proceeds. Upon selling the shares at $345.68, the Director now owns 3,199 shares.

Before that, Gopal Ajei sold 9,566 shares. Ansys Inc. shares valued at $2,853,442 were divested by the President and CEO at a price of $298.29 per share. As a result of the transaction, Gopal Ajei now holds 213,977 shares, worth roughly $69.73 million.

BofA Securities downgraded its Ansys Inc. [ANSS] rating to an Underperform from a a Buy in a research note published on November 14, 2023; the price target was decreased to $295 from $356. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Outperform”. Rosenblatt also remained covering ANSS and has increased its forecast on October 24, 2022 with a “Buy” recommendation from previously “Neutral” rating. JP Morgan revised its rating on September 16, 2022. It rated ANSS as “an Overweight” which previously was an “an Underweight”.

Price Performance Review of ANSS

On Tuesday, Ansys Inc. [NASDAQ:ANSS] saw its stock fall -0.71% to $325.86. Over the last five days, the stock has gained 0.25%. Ansys Inc. shares have fallen nearly -10.20% since the year began. Nevertheless, the stocks have risen 9.54% over the past one year. While a 52-week high of $364.31 was reached on 01/05/24, a 52-week low of $258.01 was recorded on 05/02/24. SMA at 50 days reached $333.90, while 200 days put it at $317.14. A total of 0.49 million shares were traded, compared to the trading of 0.25 million shares in the previous session.

Levels Of Support And Resistance For ANSS Stock

The 24-hour chart illustrates a support level at 323.36, which if violated will result in even more drops to 320.85. On the upside, there is a resistance level at 328.92. A further resistance level may holdings at 331.98. The Relative Strength Index (RSI) on the 14-day chart is 46.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.41%. Stochastics %K at 69.21% indicates the stock is a holding.

The most recent change occurred on August 17, 2022 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $320 price target.

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