Sumitomo Mitsui Trust Group Inc. Acquires 16,462 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Sumitomo Mitsui Trust Group Inc. boosted its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 518,779 shares of the software maker's stock after purchasing an additional 16,462 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.59% of ANSYS worth $165,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of ANSYS by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker's stock valued at $3,553,058,000 after acquiring an additional 73,585 shares during the period. Earnest Partners LLC raised its position in ANSYS by 2.5% in the second quarter. Earnest Partners LLC now owns 607,029 shares of the software maker's stock valued at $195,160,000 after purchasing an additional 15,012 shares during the period. Impax Asset Management Group plc boosted its position in shares of ANSYS by 8.0% in the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker's stock worth $192,259,000 after buying an additional 44,605 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of ANSYS by 4.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker's stock valued at $167,985,000 after buying an additional 22,836 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of ANSYS by 1.6% during the 2nd quarter. Sei Investments Co. now owns 423,892 shares of the software maker's stock valued at $136,281,000 after buying an additional 6,867 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, Rosenblatt Securities reduced their price objective on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, ANSYS presently has an average rating of "Hold" and an average price target of $333.00.

ANSYS Stock Performance

Shares of NASDAQ ANSS traded down $0.38 during midday trading on Wednesday, hitting $344.10. The company's stock had a trading volume of 421,118 shares, compared to its average volume of 526,971. The firm has a market cap of $30.09 billion, a P/E ratio of 53.10, a P/E/G ratio of 3.90 and a beta of 1.11. The firm's fifty day moving average price is $323.09 and its 200-day moving average price is $322.07. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares of the company's stock, valued at approximately $1,138,404.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.46% of the company's stock.

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.