Sumitomo Mitsui Trust Holdings Inc. Sells 3,217 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 536,196 shares of the software maker's stock after selling 3,217 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.62% of ANSYS worth $194,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of ANSYS by 12.4% in the 1st quarter. American Century Companies Inc. now owns 2,254 shares of the software maker's stock valued at $716,000 after purchasing an additional 248 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of ANSYS by 59.0% in the 1st quarter. Panagora Asset Management Inc. now owns 4,430 shares of the software maker's stock worth $1,407,000 after acquiring an additional 1,643 shares in the last quarter. Cibc World Market Inc. boosted its holdings in shares of ANSYS by 7.3% in the 1st quarter. Cibc World Market Inc. now owns 2,323 shares of the software maker's stock worth $738,000 after acquiring an additional 158 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of ANSYS by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 301,397 shares of the software maker's stock worth $95,742,000 after acquiring an additional 10,284 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in ANSYS by 4.5% during the 1st quarter. Allianz Asset Management GmbH now owns 71,045 shares of the software maker's stock worth $22,567,000 after buying an additional 3,063 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ANSS. Wolfe Research reiterated a "peer perform" rating on shares of ANSYS in a research report on Wednesday, January 17th. StockNews.com assumed coverage on ANSYS in a report on Monday. They set a "hold" rating for the company. Rosenblatt Securities reiterated a "neutral" rating and issued a $345.00 price target on shares of ANSYS in a research report on Tuesday, March 5th. Barclays boosted their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an "underweight" rating in a research report on Thursday, February 22nd. Finally, Mizuho lowered their price target on shares of ANSYS from $350.00 to $330.00 and set a "neutral" rating for the company in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, ANSYS currently has a consensus rating of "Hold" and a consensus target price of $322.75.

ANSYS Stock Down 1.8 %

NASDAQ:ANSS traded down $6.04 on Monday, hitting $328.16. The stock had a trading volume of 310,841 shares, compared to its average volume of 731,430. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. The stock has a market cap of $28.65 billion, a P/E ratio of 59.04, a price-to-earnings-growth ratio of 5.28 and a beta of 1.16. ANSYS, Inc. has a 1 year low of $258.01 and a 1 year high of $364.31. The firm's fifty day simple moving average is $338.55 and its two-hundred day simple moving average is $319.51.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating analysts' consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The firm had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. During the same period in the prior year, the firm earned $2.61 EPS. The company's revenue was up 15.9% compared to the same quarter last year. Analysts predict that ANSYS, Inc. will post 7.34 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 150 shares of the firm's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by insiders.

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.