APG Asset Management N.V. Purchases 46,077 Shares of ANSYS, Inc. (NASDAQ:ANSS)

APG Asset Management N.V. grew its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 117.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,261 shares of the software maker's stock after purchasing an additional 46,077 shares during the period. APG Asset Management N.V. owned approximately 0.10% of ANSYS worth $27,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ANSS. Stock Yards Bank & Trust Co. grew its holdings in shares of ANSYS by 1.3% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock valued at $767,000 after acquiring an additional 30 shares in the last quarter. Greenleaf Trust grew its stake in ANSYS by 0.9% in the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock valued at $1,232,000 after purchasing an additional 32 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in shares of ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock worth $1,473,000 after purchasing an additional 34 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of ANSYS by 2.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after purchasing an additional 35 shares in the last quarter. Finally, BTC Capital Management Inc. grew its stake in shares of ANSYS by 2.5% in the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock valued at $506,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

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ANSYS Price Performance

ANSYS stock traded up $6.64 during midday trading on Monday, reaching $302.95. The company's stock had a trading volume of 301,589 shares, compared to its average volume of 472,490. The business has a 50-day moving average price of $323.28 and a 200-day moving average price of $332.84. The stock has a market cap of $26.55 billion, a PE ratio of 46.25, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued 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). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The business had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. On average, sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ANSS shares. Rosenblatt Securities boosted their price target on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.

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.