Mirae Asset Global Investments Co. Ltd. Sells 2,790 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Mirae Asset Global Investments Co. Ltd. lessened its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,799 shares of the software maker's stock after selling 2,790 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in ANSYS were worth $8,083,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ANSS. State Street Corp grew its holdings in shares of ANSYS by 3.0% in 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 acquiring an additional 106,187 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of ANSYS by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker's stock valued at $732,672,000 after acquiring an additional 37,577 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of ANSYS by 8.0% in the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker's stock valued at $192,259,000 after acquiring an additional 44,605 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ANSYS by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker's stock valued at $169,556,000 after acquiring an additional 8,706 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of ANSYS by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker's stock valued at $165,299,000 after acquiring an additional 16,462 shares in the last quarter. Institutional investors own 92.39% of the company's stock.

ANSYS Stock Performance

ANSS stock traded down $0.57 during mid-day trading on Tuesday, hitting $341.43. 241,610 shares of the company were exchanged, compared to its average volume of 467,437. The business has a 50 day simple moving average of $344.04 and a 200-day simple moving average of $331.13. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $29.86 billion, a PE ratio of 52.69, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.46% of the company's stock.

Analyst Ratings Changes

ANSS has been the subject of several analyst reports. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Robert W. Baird lifted their price target on ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, ANSYS presently has a consensus rating of "Hold" and an average target price of $346.67.

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.