APG Asset Management US Inc. Has $849,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

APG Asset Management US Inc. reduced its stake in ANSYS, Inc. (NASDAQ:ANSS) by 79.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,642 shares of the software maker’s stock after selling 10,195 shares during the period. APG Asset Management US Inc.’s holdings in ANSYS were worth $849,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Treasurer of the State of North Carolina grew its holdings in ANSYS by 11.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 50,703 shares of the software maker’s stock worth $18,399,000 after acquiring an additional 5,055 shares during the last quarter. Evoke Wealth LLC purchased a new stake in ANSYS in the fourth quarter worth $3,032,000. Sei Investments Co. raised its stake in shares of ANSYS by 18.6% in the fourth quarter. Sei Investments Co. now owns 423,106 shares of the software maker’s stock valued at $153,537,000 after buying an additional 66,338 shares during the period. Thematics Asset Management lifted its position in shares of ANSYS by 25.0% during the 4th quarter. Thematics Asset Management now owns 90,898 shares of the software maker’s stock valued at $32,985,000 after buying an additional 18,173 shares during the last quarter. Finally, Icon Wealth Advisors LLC purchased a new stake in ANSYS in the 4th quarter worth about $982,000. 92.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ANSS. StockNews.com began coverage on shares of ANSYS in a research report on Sunday, September 22nd. They set a “hold” rating for the company. Rosenblatt Securities reduced their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Finally, KeyCorp assumed coverage on ANSYS in a report 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $318.33.

ANSYS Stock Up 1.7 %

Shares of NASDAQ:ANSS opened at $324.84 on Friday. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $315.46 and its 200-day moving average price is $324.77. The stock has a market capitalization of $28.39 billion, a P/E ratio of 65.23, a price-to-earnings-growth ratio of 6.89 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.58. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The firm had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. During the same quarter last year, the business earned $1.06 earnings per share. The business’s revenue was up 19.6% on a year-over-year basis. On average, equities analysts anticipate that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Insider Buying and Selling

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

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.