APG Asset Management US Inc. Lowers Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

APG Asset Management US Inc. cut its stake in shares of 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 (SEC). The firm owned 2,642 shares of the software maker’s stock after selling 10,195 shares during the quarter. APG Asset Management US Inc.’s holdings in ANSYS were worth $849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in ANSYS during the fourth quarter worth approximately $29,000. DT Investment Partners LLC increased its stake in shares of ANSYS by 888.9% in the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after buying an additional 80 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of ANSYS in the 2nd quarter valued at about $32,000. Rothschild Investment LLC acquired a new position in ANSYS in the second quarter worth about $38,000. Finally, Core Wealth Advisors Inc. bought a new position in ANSYS during the 4th quarter worth approximately $40,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

ANSYS Trading Up 1.7 %

Shares of NASDAQ ANSS opened at $324.84 on Friday. The business has a 50-day moving average price of $315.46 and a two-hundred day moving average price of $324.77. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The firm has a market capitalization of $28.39 billion, a PE ratio of 65.23, a PEG ratio of 6.89 and a beta of 1.12. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The business had revenue of $594.14 million for 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%. ANSYS’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. As a group, analysts predict that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Rosenblatt Securities dropped their target price on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. KeyCorp began coverage on ANSYS in a research report on Thursday, June 27th. They set a “sector weight” rating for the company. Finally, StockNews.com began coverage on ANSYS in a research report on Sunday, September 22nd. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $318.33.

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.