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On April 14, Glenda Dorchak, a director at ANSYS Inc. (NASDAQ:ANSS), sold 200 shares of the company’s common stock. The transaction was carried out under an effective Rule 10b5-1 plan, with shares sold at a price of $300.01 each, totaling $60,002. Following this sale, Dorchak’s direct ownership stands at 3,230 shares, which includes 922 restricted stock units. The sale comes as ANSYS, currently valued at $26.65 billion, maintains impressive gross profit margins of 92.5%. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value estimate. ANSYS, based in Canonsburg, Pennsylvania, is known for its prepackaged software services. The company demonstrates strong financial health with a current ratio of 3.01, and investors should note the upcoming earnings report scheduled for April 30. InvestingPro subscribers have access to 10 additional key insights about ANSYS’s financial performance and growth prospects.
In other recent news, Ansys has achieved several significant milestones across different sectors. The UK competition regulator has approved Synopsys (NASDAQ:SNPS)’ $35 billion acquisition of Ansys, following remedies to address concerns about potential innovation stifling and price increases. This acquisition, initially announced in January, is expected to expand Synopsys’ product offerings. Ansys has also secured TSMC certification for its PathFinder-SC solution, enhancing the reliability of chip designs in advanced semiconductor technology. In collaboration with Baker Hughes (NASDAQ:BKR), Ansys achieved a computational fluid dynamics milestone using AMD (NASDAQ:AMD) GPUs, significantly reducing simulation run times and potentially shortening design-to-market timelines for high-performance machinery. Furthermore, Ansys and NVIDIA (NASDAQ:NVDA) are working together to advance cardiovascular research by integrating AI and simulation technologies, aiming to improve healthcare outcomes. Additionally, Ansys plans to integrate NVIDIA Omniverse with its simulation software, streamlining workflows and enhancing visualization capabilities for industries like automotive and healthcare. These developments underscore Ansys’s ongoing commitment to innovation and collaboration across various fields.
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