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 Intel (NASDAQ:INTC) 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 ServiceNow (NYSE:NOW) on 2/3/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) 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 NVIDIA (NASDAQ:NVDA) on 1/29/2025.

ANSYS Stock Performance

ANSS opened at $338.93 on Friday. The stock has a market capitalization of $29.64 billion, a price-to-earnings ratio of 52.30, a PEG ratio of 3.61 and a beta of 1.12. The company has a fifty day moving average of $343.20 and a 200 day moving average of $331.41. ANSYS, Inc. has a fifty-two week low of $289.82 and a fifty-two week high of $363.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ANSS shares. Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $346.67.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On ANSYS

Several institutional investors have recently bought and sold shares of ANSS. Capital Research Global Investors bought a new position in ANSYS during the fourth quarter valued at $695,129,000. Norges Bank bought a new position in ANSYS during the fourth quarter valued at $615,566,000. FIL Ltd lifted its position in ANSYS by 32.5% during the fourth quarter. FIL Ltd now owns 2,086,177 shares of the software maker’s stock valued at $703,730,000 after purchasing an additional 511,557 shares during the last quarter. Proficio Capital Partners LLC bought a new position in ANSYS during the fourth quarter valued at $119,140,000. Finally, D1 Capital Partners L.P. bought a new position in ANSYS during the third quarter valued at $73,345,000. Institutional investors own 92.39% of the company’s stock.

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.