Sumitomo Mitsui Trust Group Inc. lessened its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 514,004 shares of the software maker's stock after selling 11,561 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.59% of ANSYS worth $162,713,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. lifted its position in ANSYS by 2.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock worth $438,000 after buying an additional 35 shares in the last quarter. Tsai Capital Corp increased its position in shares of ANSYS by 0.5% in the fourth quarter. Tsai Capital Corp now owns 8,945 shares of the software maker's stock valued at $3,017,000 after acquiring an additional 41 shares during the last quarter. Bessemer Group Inc. increased its position in shares of ANSYS by 1.3% in the first quarter. Bessemer Group Inc. now owns 3,223 shares of the software maker's stock valued at $1,020,000 after acquiring an additional 41 shares during the last quarter. First Manhattan CO. LLC. raised its holdings in ANSYS by 1.4% during the fourth quarter. First Manhattan CO. LLC. now owns 3,043 shares of the software maker's stock worth $1,026,000 after acquiring an additional 43 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in ANSYS by 1.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,577 shares of the software maker's stock valued at $1,207,000 after purchasing an additional 46 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director directly owned 3,230 shares of the company's stock, valued at $969,032.30. This represents a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.
ANSYS Stock Performance
Shares of ANSYS stock traded up $0.07 during trading on Wednesday, hitting $353.21. 487,805 shares of the stock were exchanged, compared to its average volume of 518,242. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $336.32 and a 200-day moving average price of $331.98. The stock has a market capitalization of $31.05 billion, a price-to-earnings ratio of 52.41, a price-to-earnings-growth ratio of 3.61 and a beta of 1.19. ANSYS, Inc. has a 1-year low of $275.06 and a 1-year high of $363.03.
ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly 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). ANSYS had a return on equity of 12.38% and a net margin of 22.95%. The business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same period last year, the firm earned $1.39 EPS. ANSYS's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.
Get Our Latest Stock Report on ANSS
ANSYS Company Profile
(
Free Report)
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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