ANSYS, Inc. (NASDAQ:ANSS) Stock Holdings Increased by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT increased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 20.6% during the second quarter, Holdings Channel reports. The firm owned 29,791 shares of the software maker’s stock after purchasing an additional 5,082 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in ANSYS were worth $9,578,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quest Partners LLC acquired a new stake in shares of ANSYS during the fourth quarter valued at approximately $29,000. DT Investment Partners LLC increased its stake in ANSYS by 888.9% in the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock valued at $29,000 after buying an additional 80 shares during the period. Redwood Wealth Management Group LLC acquired a new position in ANSYS in the 2nd quarter valued at approximately $32,000. DSM Capital Partners LLC acquired a new position in ANSYS in the 4th quarter valued at approximately $34,000. Finally, Rothschild Investment LLC acquired a new position in ANSYS in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Performance

ANSS stock opened at $317.25 on Wednesday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $27.70 billion, a price-to-earnings ratio of 63.70, a P/E/G ratio of 6.80 and a beta of 1.12. ANSYS, Inc. has a 12 month low of $258.01 and a 12 month high of $364.31. The firm has a 50 day moving average of $316.36 and a two-hundred day moving average of $325.36.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, topping the consensus estimate of $1.92 by $0.58. The company had revenue of $594.14 million during the quarter, compared to the consensus estimate of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 earnings per share. As a group, equities analysts anticipate that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ANSS. Rosenblatt Securities dropped their price objective on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. StockNews.com began coverage on shares of ANSYS in a research note on Saturday. They issued a “hold” rating on the stock. Finally, KeyCorp began coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $318.33.

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the completion of the sale, the director now directly owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.46% of the company’s stock.

ANSYS Company 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.