ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT grew its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,359 shares of the software maker’s stock after purchasing an additional 3,209 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in ANSYS were worth $8,217,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameliora Wealth Management Ltd. purchased a new position in ANSYS during the 4th quarter worth approximately $27,000. Intact Investment Management Inc. acquired a new stake in shares of ANSYS in the third quarter valued at approximately $70,000. Allworth Financial LP grew its position in shares of ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after acquiring an additional 65 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of ANSYS in the 3rd quarter valued at $119,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in ANSYS in the 3rd quarter valued at $174,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Performance

NASDAQ:ANSS opened at $340.46 on Friday. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The firm has a market cap of $29.77 billion, a price-to-earnings ratio of 52.54, a price-to-earnings-growth ratio of 3.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The firm’s fifty day moving average price is $342.81 and its 200 day moving average price is $332.47.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. ANSYS had a return on equity of 12.64% and a net margin of 23.01%. On average, sell-side analysts expect that ANSYS, Inc. will post 7.66 EPS for the current year.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

ANSS has been the topic of several research reports. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird raised their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $346.67.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.