Sumitomo Mitsui Trust Group Inc. Decreases Stake in ANSYS, Inc. (NASDAQ:ANSS)

Sumitomo Mitsui Trust Group Inc. lowered its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 514,004 shares of the software maker's stock after selling 11,561 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.59% of ANSYS worth $162,713,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ANSS. Capital Research Global Investors purchased a new stake in ANSYS in the 4th quarter worth about $695,129,000. Norges Bank purchased a new stake in ANSYS in the 4th quarter worth about $615,566,000. GAMMA Investing LLC grew its holdings in ANSYS by 46,802.3% during the 1st quarter. GAMMA Investing LLC now owns 727,455 shares of the software maker's stock valued at $230,283,000 after buying an additional 725,904 shares in the last quarter. FIL Ltd grew its holdings in ANSYS by 32.5% during the 4th quarter. FIL Ltd now owns 2,086,177 shares of the software maker's stock valued at $703,730,000 after buying an additional 511,557 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in ANSYS during the 4th quarter valued at about $48,253,000. Hedge funds and other institutional investors own 92.39% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

ANSYS Stock Up 1.1%

ANSS stock opened at $347.19 on Friday. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $30.52 billion, a PE ratio of 51.51, a PEG ratio of 3.57 and a beta of 1.19. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. The stock has a 50-day simple moving average of $334.25 and a two-hundred day simple moving average of $331.83.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The company had revenue of $504.89 million for the quarter, compared to analysts' expectations of $516.81 million. ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 EPS. On average, equities analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the sale, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. This trade represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company's stock.

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.

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