Rep. Robert Bresnahan, Jr. Sells ANSYS, Inc. (NASDAQ:ANSS) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of ANSYS, Inc. NASDAQ: ANSS. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in ANSYS stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

ANSYS Trading Down 0.5 %

Shares of ANSYS stock traded down $1.84 on Wednesday, hitting $336.74. The stock had a trading volume of 871,416 shares, compared to its average volume of 475,468. The firm has a market capitalization of $29.45 billion, a P/E ratio of 51.97, a PEG ratio of 3.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The stock has a 50 day moving average of $342.98 and a 200 day moving average of $332.39.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 23.01% and a return on equity of 12.64%. Sell-side analysts expect that ANSYS, Inc. will post 7.66 earnings per share for the current fiscal year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ANSS has been the topic of a number of analyst reports. Robert W. Baird boosted their price objective on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, ANSYS has a consensus rating of "Hold" and an average price target of $346.67.

Institutional Investors Weigh In On ANSYS

Institutional investors have recently modified their holdings of the business. Toronto Dominion Bank lifted its stake in shares of ANSYS by 3.4% in the 4th quarter. Toronto Dominion Bank now owns 49,378 shares of the software maker's stock worth $16,657,000 after purchasing an additional 1,603 shares during the period. North Star Asset Management Inc. boosted its stake in ANSYS by 25.7% in the 4th quarter. North Star Asset Management Inc. now owns 5,579 shares of the software maker's stock worth $1,882,000 after purchasing an additional 1,139 shares during the period. GF Fund Management CO. LTD. purchased a new position in ANSYS during the fourth quarter valued at $5,591,000. GTS Securities LLC lifted its position in shares of ANSYS by 451.1% in the fourth quarter. GTS Securities LLC now owns 1,127 shares of the software maker's stock worth $380,000 after buying an additional 1,448 shares in the last quarter. Finally, Vise Technologies Inc. bought a new position in shares of ANSYS during the 4th quarter valued at approximately $261,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.