ANSYS, Inc. (NASDAQ:ANSS) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 7.5% in the 4th quarter, HoldingsChannel reports. The firm owned 150,577 shares of the software maker’s stock after buying an additional 10,524 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in ANSYS were worth $50,952,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in ANSYS by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker’s stock worth $3,590,462,000 after purchasing an additional 78,730 shares in the last quarter. State Street Corp grew its holdings 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 worth $1,179,966,000 after buying an additional 106,187 shares in the last quarter. Geode Capital Management LLC raised its position 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 valued at $732,672,000 after buying an additional 37,577 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of ANSYS by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker’s stock valued at $192,456,000 after buying an additional 7,098 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted 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 worth $186,609,000 after acquiring an additional 21,051 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

ANSYS Stock Down 1.6 %

Shares of NASDAQ:ANSS opened at $316.89 on Friday. The company has a market capitalization 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 company has a 50 day moving average of $335.12 and a two-hundred day moving average of $334.16. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week high of $363.03. 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 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 business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. As a group, analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.