APG Asset Management US Inc. Acquires Shares of 2,751 ANSYS, Inc. (NASDAQ:ANSS)

APG Asset Management US Inc. acquired a new stake in ANSYS, Inc. (NASDAQ:ANSS) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,751 shares of the software maker’s stock, valued at approximately $928,000.

A number of other institutional investors have also modified their holdings of the stock. APG Asset Management N.V. increased its holdings in shares of ANSYS by 117.6% in the fourth quarter. APG Asset Management N.V. now owns 85,261 shares of the software maker’s stock valued at $27,775,000 after purchasing an additional 46,077 shares during the period. Greenland Capital Management LP increased its holdings in shares of ANSYS by 870.2% in the fourth quarter. Greenland Capital Management LP now owns 7,965 shares of the software maker’s stock valued at $2,687,000 after purchasing an additional 7,144 shares during the period. Bank of Nova Scotia increased its holdings in shares of ANSYS by 16.0% in the fourth quarter. Bank of Nova Scotia now owns 125,276 shares of the software maker’s stock valued at $42,259,000 after purchasing an additional 17,291 shares during the period. FIL Ltd increased its holdings in shares of ANSYS by 32.5% in 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 period. Finally, Rathbones Group PLC increased its holdings in shares of ANSYS by 2.5% in the fourth quarter. Rathbones Group PLC now owns 252,873 shares of the software maker’s stock valued at $85,302,000 after purchasing an additional 6,258 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Trading Up 8.7 %

Shares of ANSS stock opened at $309.72 on Thursday. The business’s fifty day moving average price is $325.30 and its 200 day moving average price is $333.14. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03. The firm has a market capitalization of $27.15 billion, a PE ratio of 47.29, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS) last posted its 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). 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 12.69%. As a group, sell-side analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Buying and Selling 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 owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. 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 corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Rosenblatt Securities boosted their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

About ANSYS

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.