ANSYS, Inc. (ANSS) Shares Sold by Bradley Foster & Sargent Inc. CT

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Bradley Foster & Sargent Inc. CT lowered its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 9.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,519 shares of the software maker’s stock after selling 3,575 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in ANSYS were worth $6,444,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Bartlett & Co. LLC acquired a new stake in shares of ANSYS in the third quarter valued at $114,000. Fort L.P. acquired a new stake in shares of ANSYS in the second quarter valued at $121,000. Piedmont Investment Advisors LLC acquired a new stake in shares of ANSYS in the second quarter valued at $166,000. Steward Partners Investment Advisory LLC grew its stake in shares of ANSYS by 338.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,040 shares of the software maker’s stock valued at $181,000 after buying an additional 803 shares in the last quarter. Finally, Emerald Advisers Inc. PA acquired a new stake in shares of ANSYS in the third quarter valued at $201,000. Institutional investors own 94.41% of the company’s stock.

In related news, Director James E. Cashman III sold 30,000 shares of the business’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $171.39, for a total transaction of $5,141,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara Vaughn Scherer sold 2,454 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $187.99, for a total value of $461,327.46. The disclosure for this sale can be found here. Insiders have sold a total of 45,850 shares of company stock valued at $8,098,846 over the last three months. 1.10% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on the company. Berenberg Bank lifted their price objective on ANSYS from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. ValuEngine cut ANSYS from a “buy” rating to a “hold” rating in a research note on Saturday, October 27th. Wedbush lifted their price objective on ANSYS from $163.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, August 9th. Barclays lifted their price objective on ANSYS from $152.00 to $162.00 and gave the company an “underweight” rating in a research note on Wednesday, August 8th. Finally, Needham & Company LLC raised ANSYS from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. ANSYS currently has a consensus rating of “Hold” and an average price target of $172.18.

ANSS opened at $149.55 on Thursday. ANSYS, Inc. has a 12 month low of $134.45 and a 12 month high of $190.45. The firm has a market cap of $12.32 billion, a P/E ratio of 41.43 and a beta of 1.06.

ANSYS (NASDAQ:ANSS) last released its earnings results on Monday, August 6th. The software maker reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.25. ANSYS had a return on equity of 14.95% and a net margin of 25.98%. The firm had revenue of $308.90 million during the quarter, compared to analysts’ expectations of $288.26 million. During the same period in the previous year, the firm posted $0.99 EPS. ANSYS’s revenue for the quarter was up 16.9% on a year-over-year basis. Analysts anticipate that ANSYS, Inc. will post 4.54 earnings per share for the current fiscal year.

ANSYS Company Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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