Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,577 shares of the software maker’s stock after buying an additional 10,524 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of ANSYS worth $50,952,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Banco BTG Pactual S.A. bought a new position in shares of ANSYS in the 4th quarter worth $371,000. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of ANSYS by 2.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock valued at $438,000 after buying an additional 35 shares during the period. Congress Wealth Management LLC DE grew its position in ANSYS by 12.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 3,772 shares of the software maker’s stock valued at $1,272,000 after buying an additional 432 shares during the period. Vanguard Group Inc. grew its holdings in ANSYS by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker’s stock valued at $3,590,462,000 after purchasing an additional 78,730 shares during the period. Finally, LPL Financial LLC increased its holdings in ANSYS by 25.7% in the 4th quarter. LPL Financial LLC now owns 12,373 shares of the software maker’s stock worth $4,174,000 after acquiring an additional 2,533 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $316.89 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The stock’s 50-day moving average is $335.12 and its two-hundred day moving average is $334.16. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The firm had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. Analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Rosenblatt Securities increased their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st. StockNews.com downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.

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.