APG Asset Management US Inc. Invests $928,000 in ANSYS, Inc. (NASDAQ:ANSS)

APG Asset Management US Inc. bought a new position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,751 shares of the software maker's stock, valued at approximately $928,000.

Several other large investors have also made changes to their positions in ANSS. Ameliora Wealth Management Ltd. acquired a new stake in shares of ANSYS during the fourth quarter worth $27,000. Assetmark Inc. grew its position in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after buying an additional 103 shares during the period. Millstone Evans Group LLC acquired a new position in shares of ANSYS during the 4th quarter worth about $42,000. SBI Securities Co. Ltd. bought a new stake in shares of ANSYS in the 4th quarter valued at about $47,000. Finally, Allworth Financial LP raised its position in shares of ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 92.39% of the company's stock.

Wall Street Analysts Forecast Growth

ANSS has been the subject of a number of research analyst reports. Rosenblatt Securities boosted their target price on ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.

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ANSYS Stock Up 2.0 %

Shares of ANSS traded up $5.79 during midday trading on Monday, hitting $302.10. The stock had a trading volume of 557,426 shares, compared to its average volume of 472,490. The firm has a market cap of $26.48 billion, a price-to-earnings ratio of 46.12, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. The company has a 50 day simple moving average of $323.28 and a two-hundred day simple moving average of $332.84. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. 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 - Get Free Report) last announced its earnings results 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 firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. On average, analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

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.