Sumitomo Mitsui DS Asset Management Company Ltd Has $7.73 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 8.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,254 shares of the software maker's stock after purchasing an additional 1,876 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in ANSYS were worth $7,728,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. DT Investment Partners LLC boosted its holdings in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock valued at $29,000 after acquiring an additional 80 shares during the period. Redwood Wealth Management Group LLC acquired a new position in ANSYS during the 2nd quarter valued at about $32,000. Rothschild Investment LLC acquired a new position in ANSYS during the 2nd quarter valued at about $38,000. Bangor Savings Bank grew its position in ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after purchasing an additional 34 shares during the last quarter. Finally, Janiczek Wealth Management LLC increased its stake in shares of ANSYS by 39.1% in the first quarter. Janiczek Wealth Management LLC now owns 153 shares of the software maker's stock valued at $53,000 after purchasing an additional 43 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Insider Transactions at ANSYS

In other news, Director Glenda Dorchak sold 152 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by insiders.

ANSYS Stock Performance

Shares of ANSS stock traded up $0.82 during trading on Friday, reaching $327.40. The company had a trading volume of 386,254 shares, compared to its average volume of 532,283. The firm's 50 day simple moving average is $320.02 and its two-hundred day simple moving average is $322.53. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market capitalization of $28.58 billion, a PE ratio of 65.74, a PEG ratio of 6.99 and a beta of 1.11.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The company had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same period last year, the business posted $1.06 earnings per share. The firm's revenue was up 19.6% compared to the same quarter last year. Sell-side analysts forecast that ANSYS, Inc. will post 7.32 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ANSS. StockNews.com began coverage on ANSYS in a research report on Sunday, September 22nd. They set a "hold" rating for the company. KeyCorp assumed coverage on ANSYS in a research report on Thursday, June 27th. They set a "sector weight" rating for the company. Finally, Rosenblatt Securities lowered their price target on ANSYS from $345.00 to $335.00 and set a "neutral" rating on the stock in a report on Tuesday, August 6th. Two equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $318.33.

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.