ING Groep NV Sells 24,876 Shares of ANSYS, Inc. (NASDAQ:ANSS)

ING Groep NV reduced its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 20.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,788 shares of the software maker's stock after selling 24,876 shares during the quarter. ING Groep NV owned about 0.11% of ANSYS worth $30,521,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bangor Savings Bank boosted its position in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock valued at $44,000 after buying an additional 34 shares during the period. Gardner Lewis Asset Management L P boosted its position in ANSYS by 1.9% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker's stock valued at $699,000 after buying an additional 40 shares during the period. Eads & Heald Wealth Management boosted its position in ANSYS by 1.6% during the 3rd quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker's stock valued at $807,000 after buying an additional 40 shares during the period. Verdence Capital Advisors LLC boosted its position in ANSYS by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker's stock valued at $509,000 after buying an additional 42 shares during the period. Finally, PFG Advisors lifted its position in shares of ANSYS by 0.4% in the 2nd quarter. PFG Advisors now owns 12,316 shares of the software maker's stock worth $3,960,000 after purchasing an additional 46 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ANSS. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Rosenblatt Securities dropped their target price on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $333.00.

ANSYS Stock Down 1.1 %

NASDAQ:ANSS traded down $3.82 on Thursday, reaching $340.28. 548,216 shares of the stock traded hands, compared to its average volume of 526,944. The company has a market capitalization of $29.76 billion, a price-to-earnings ratio of 53.10, a PEG ratio of 3.90 and a beta of 1.11. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 12 month low of $275.81 and a 12 month high of $364.31. The company's fifty day simple moving average is $323.79 and its 200 day simple moving average is $322.23.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is owned by company insiders.

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.