ANSYS (ANSS) Approves 5M Share Buyback Plan

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ANSYS Replenishes Authorized Share Repurchase Program to Five Million Shares

February 22, 2017 5:29 PM EST

PITTSBURGH, Feb. 22, 2017 (GLOBE NEWSWIRE) -- ANSYS, Inc. (NASDAQ: ANSS) today announced that its Board of Directors has replenished its authorized share repurchase program to a total of five million shares. This program will allow ANSYS to continue to offset dilution and reduce shares outstanding.

The replenishing of our stock repurchase authorization demonstrates our continued confidence in ANSYS long-term strategy to generate profitable growth and strong cash flows, as well as our commitment to share repurchases as an important element of our capital allocation. Our first priority is to continue to invest in the... More