Sumitomo Mitsui Trust Group Inc. Has $177.29 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Sumitomo Mitsui Trust Group Inc. grew its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 525,565 shares of the software maker's stock after purchasing an additional 6,786 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.60% of ANSYS worth $177,289,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ANSS. Nomura Asset Management Co. Ltd. grew its stake in shares of ANSYS by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker's stock worth $9,033,000 after acquiring an additional 1,914 shares in the last quarter. Caldwell Investment Management Ltd. acquired a new position in shares of ANSYS during the 3rd quarter worth about $1,560,000. KBC Group NV boosted its stake in shares of ANSYS by 20.9% during the 3rd quarter. KBC Group NV now owns 110,928 shares of the software maker's stock worth $35,345,000 after buying an additional 19,149 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of ANSYS by 5.9% in the 3rd quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker's stock valued at $8,640,000 after acquiring an additional 1,518 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its position in shares of ANSYS by 78.7% in the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock valued at $2,036,000 after acquiring an additional 2,659 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ANSS shares. Robert W. Baird increased their price target on ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, ANSYS currently has a consensus rating of "Hold" and an average target price of $346.67.

ANSYS Stock Performance

Shares of NASDAQ:ANSS traded down $0.57 on Tuesday, hitting $341.43. The company had a trading volume of 241,610 shares, compared to its average volume of 467,437. The stock has a market cap of $29.86 billion, a price-to-earnings ratio of 52.69, a P/E/G ratio of 3.61 and a beta of 1.12. The stock has a 50 day moving average price of $344.04 and a 200 day moving average price of $331.13. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

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.