Nikko Asset Management Americas Inc. Decreases Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Nikko Asset Management Americas Inc. cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 15.7% in the fourth quarter, HoldingsChannel reports. The fund owned 18,916 shares of the software maker’s stock after selling 3,531 shares during the period. Nikko Asset Management Americas Inc.’s holdings in ANSYS were worth $6,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp raised its holdings in ANSYS by 3.0% during the 3rd 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 raised its stake in shares of ANSYS by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after purchasing an additional 37,577 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of ANSYS by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker’s stock worth $192,456,000 after purchasing an additional 7,098 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in ANSYS by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 553,193 shares of the software maker’s stock valued at $186,609,000 after acquiring an additional 21,051 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in ANSYS by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker’s stock valued at $177,289,000 after acquiring an additional 6,786 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the stock in a transaction 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 transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on ANSS shares. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st.

ANSYS Stock Performance

Shares of ANSS stock opened at $322.68 on Monday. The company’s fifty day simple moving average is $338.68 and its 200-day simple moving average is $333.73. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The firm has a market cap of $28.28 billion, a PE ratio of 49.26, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results 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 the consensus estimate of $864.46 million. Equities research analysts expect that ANSYS, Inc. will post 8.32 EPS for the current fiscal 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.