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

Sumitomo Mitsui Trust Group Inc. raised its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 525,565 shares of the software maker’s stock after purchasing an additional 6,786 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in ANSYS were worth $177,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp lifted its stake in shares of ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after buying an additional 106,187 shares during the period. Geode Capital Management LLC lifted its stake in shares of ANSYS by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock valued at $732,672,000 after buying an additional 37,577 shares during the period. Impax Asset Management Group plc lifted its stake in shares of ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock valued at $192,259,000 after buying an additional 44,605 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of ANSYS by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock valued at $169,556,000 after buying an additional 8,706 shares during the period. Finally, CCLA Investment Management lifted its stake in shares of ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock valued at $150,381,000 after buying an additional 47,331 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ANSS shares. Robert W. Baird upped their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $346.67.

ANSYS Stock Performance

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

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.