ANSYS, Inc. (NASDAQ:ANSS) Holdings Decreased by ING Groep NV

ING Groep NV reduced its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 86.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,305 shares of the software maker’s stock after selling 82,483 shares during the quarter. ING Groep NV’s holdings in ANSYS were worth $4,488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its position in ANSYS by 7.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after acquiring an additional 1,914 shares in the last quarter. Caldwell Investment Management Ltd. purchased a new position in ANSYS in the 3rd quarter worth about $1,560,000. Sumitomo Mitsui Trust Group Inc. increased its stake in ANSYS by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after purchasing an additional 16,462 shares in the last quarter. KBC Group NV increased its stake in ANSYS by 20.9% in the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock worth $35,345,000 after purchasing an additional 19,149 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in ANSYS by 5.9% in the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock worth $8,640,000 after purchasing an additional 1,518 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ANSS. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday. Robert W. Baird lifted their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, ANSYS has a consensus rating of “Hold” and an average price target of $348.33.

ANSYS Trading Down 1.8 %

Shares of NASDAQ ANSS opened at $334.21 on Friday. The business has a 50 day simple moving average of $342.81 and a 200 day simple moving average of $332.47. ANSYS, Inc. has a 52 week low of $289.82 and a 52 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. The stock has a market cap of $29.23 billion, a price-to-earnings ratio of 51.02, a PEG ratio of 3.51 and a beta of 1.12.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.96%. On average, research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.