Sumitomo Mitsui Trust Group Inc. Increases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Sumitomo Mitsui Trust Group Inc. grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 1.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 525,565 shares of the software maker’s stock after buying an additional 6,786 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.60% of ANSYS worth $177,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its holdings in shares of ANSYS by 7.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock valued at $9,033,000 after buying an additional 1,914 shares during the last quarter. Caldwell Investment Management Ltd. acquired a new position in shares of ANSYS during the third quarter worth about $1,560,000. KBC Group NV increased its stake in shares of ANSYS by 20.9% during the third quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock worth $35,345,000 after acquiring an additional 19,149 shares during the period. CIBC Asset Management Inc increased its stake in shares of ANSYS by 5.9% during the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock worth $8,640,000 after acquiring an additional 1,518 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after acquiring an additional 100,042 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird upped 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $346.67.

ANSYS Trading Down 0.5 %

Shares of ANSS opened at $344.86 on Friday. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average is $344.34 and its two-hundred day moving average is $330.51. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The firm has a market capitalization of $30.16 billion, a P/E ratio of 53.22, a PEG ratio of 3.65 and a beta of 1.12.

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.