Achmea Investment Management B.V. Reduces Stake in ANSYS, Inc. (ANSS)

Achmea Investment Management B.V. cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 33.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,970 shares of the software maker’s stock after selling 7,554 shares during the period. Achmea Investment Management B.V.’s holdings in ANSYS were worth $2,791,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cookson Peirce & Co. Inc. raised its position in shares of ANSYS by 8.0% in the third quarter. Cookson Peirce & Co. Inc. now owns 4,305 shares of the software maker’s stock valued at $804,000 after buying an additional 320 shares in the last quarter. Cue Financial Group Inc. raised its position in shares of ANSYS by 2.7% in the second quarter. Cue Financial Group Inc. now owns 13,797 shares of the software maker’s stock valued at $2,403,000 after buying an additional 365 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of ANSYS by 1.4% in the third quarter. Gulf International Bank UK Ltd now owns 26,978 shares of the software maker’s stock valued at $5,036,000 after buying an additional 365 shares in the last quarter. Comerica Bank raised its position in shares of ANSYS by 1.2% in the second quarter. Comerica Bank now owns 33,939 shares of the software maker’s stock valued at $6,131,000 after buying an additional 406 shares in the last quarter. Finally, BB&T Corp raised its position in shares of ANSYS by 2.2% in the second quarter. BB&T Corp now owns 18,904 shares of the software maker’s stock valued at $3,293,000 after buying an additional 413 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

NASDAQ:ANSS traded down $6.78 during mid-day trading on Wednesday, reaching $156.64. The stock had a trading volume of 725,588 shares, compared to its average volume of 732,104. The stock has a market capitalization of $13.54 billion, a price-to-earnings ratio of 43.39 and a beta of 1.33. ANSYS, Inc. has a 12 month low of $140.78 and a 12 month high of $190.45.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, November 7th. The software maker reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.19. The firm had revenue of $293.00 million for the quarter, compared to analysts’ expectations of $286.57 million. ANSYS had a net margin of 27.00% and a return on equity of 15.33%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. As a group, sell-side analysts predict that ANSYS, Inc. will post 4.66 EPS for the current fiscal year.

In related news, Director Michael Thurk sold 3,500 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $152.26, for a total value of $532,910.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara Vaughn Scherer sold 2,454 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $187.99, for a total transaction of $461,327.46. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Tuesday, August 7th. Berenberg Bank lifted their price target on shares of ANSYS from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Citigroup reiterated an “overweight” rating on shares of ANSYS in a research report on Tuesday, August 14th. Guggenheim assumed coverage on shares of ANSYS in a research report on Tuesday, August 7th. They issued a “buy” rating and a $210.00 price target for the company. Finally, ValuEngine upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $176.09.

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ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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