ING Groep NV Sells 82,483 Shares of ANSYS, Inc. (NASDAQ:ANSS)

ING Groep NV lessened its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 86.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,305 shares of the software maker’s stock after selling 82,483 shares during the period. ING Groep NV’s holdings in ANSYS were worth $4,488,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Raymond James & Associates lifted its stake in shares of ANSYS by 0.4% during the third quarter. Raymond James & Associates now owns 10,822 shares of the software maker’s stock valued at $3,448,000 after acquiring an additional 46 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of ANSYS by 6.5% during the third quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the software maker’s stock valued at $479,000 after acquiring an additional 92 shares during the period. Signaturefd LLC lifted its stake in ANSYS by 7.0% in the third quarter. Signaturefd LLC now owns 1,334 shares of the software maker’s stock valued at $425,000 after buying an additional 87 shares during the period. International Assets Investment Management LLC acquired a new position in ANSYS in the third quarter valued at about $54,820,000. Finally, IFM Investors Pty Ltd lifted its stake in ANSYS by 2.5% in the third quarter. IFM Investors Pty Ltd now owns 18,003 shares of the software maker’s stock valued at $5,736,000 after buying an additional 434 shares during the period. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Down 1.8 %

NASDAQ:ANSS opened at $334.21 on Friday. 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 company has a market cap of $29.23 billion, a PE ratio of 51.02, a PEG ratio of 3.51 and a beta of 1.12. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. The stock has a 50-day simple moving average of $342.81 and a 200 day simple moving average of $332.47.

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

Analysts Set New Price Targets

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

Insider Buying and Selling

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

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.