Mitsubishi UFJ Trust & Banking Corp Cuts Position in ANSYS, Inc. (ANSS)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 0.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 207,492 shares of the software maker’s stock after selling 693 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.24% of ANSYS worth $25,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in ANSYS by 21.8% in the second quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock valued at $1,033,807,000 after buying an additional 1,520,201 shares during the period. FMR LLC raised its holdings in ANSYS by 0.7% in the second quarter. FMR LLC now owns 6,684,365 shares of the software maker’s stock valued at $813,354,000 after buying an additional 45,211 shares during the period. State Street Corp raised its holdings in ANSYS by 20.9% in the second quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock valued at $427,401,000 after buying an additional 607,765 shares during the period. Northern Trust Corp raised its holdings in ANSYS by 10.4% in the second quarter. Northern Trust Corp now owns 1,258,415 shares of the software maker’s stock valued at $153,125,000 after buying an additional 118,630 shares during the period. Finally, Pictet Asset Management Ltd. raised its holdings in ANSYS by 13.6% in the third quarter. Pictet Asset Management Ltd. now owns 1,091,618 shares of the software maker’s stock valued at $133,975,000 after buying an additional 130,628 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Several research firms recently commented on ANSS. Royal Bank Of Canada restated a “hold” rating and issued a $118.00 price target on shares of ANSYS in a report on Monday, September 11th. Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Tuesday, November 7th. Robert W. Baird set a $130.00 price objective on shares of ANSYS and gave the company a “buy” rating in a research report on Monday, August 28th. Wedbush reaffirmed a “neutral” rating and issued a $129.19 price objective (up previously from $114.00) on shares of ANSYS in a research report on Friday, September 15th. Finally, Citigroup assumed coverage on shares of ANSYS in a research report on Friday, September 22nd. They issued a “neutral” rating and a $125.00 price objective for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $128.91.

Shares of ANSYS, Inc. (NASDAQ ANSS) opened at $144.72 on Thursday. ANSYS, Inc. has a 1 year low of $91.89 and a 1 year high of $155.14. The stock has a market cap of $12,172.39, a P/E ratio of 40.98 and a beta of 1.07.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The company had revenue of $276.77 million during the quarter, compared to the consensus estimate of $263.77 million. During the same quarter last year, the company earned $0.95 earnings per share. ANSYS’s revenue for the quarter was up 12.6% on a year-over-year basis. research analysts predict that ANSYS, Inc. will post 3.57 earnings per share for the current fiscal year.

In other news, VP Shane Emswiler sold 12,504 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $151.96, for a total transaction of $1,900,107.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mark Hindsbo sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $151.70, for a total transaction of $758,500.00. The disclosure for this sale can be found here. Insiders have sold 18,504 shares of company stock valued at $2,808,608 in the last three months. Corporate insiders own 1.30% of the company’s stock.

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ANSYS Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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