Sumitomo Mitsui DS Asset Management Company Ltd Sells 540 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in shares of ANSYS, Inc. (NASDAQ:ANSSGet Rating) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,407 shares of the software maker’s stock after selling 540 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in ANSYS were worth $4,165,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kopion Asset Management LLC boosted its position in shares of ANSYS by 24.6% during the 2nd quarter. Kopion Asset Management LLC now owns 17,765 shares of the software maker’s stock valued at $4,251,000 after acquiring an additional 3,505 shares in the last quarter. DnB Asset Management AS boosted its position in shares of ANSYS by 33.2% during the 2nd quarter. DnB Asset Management AS now owns 85,146 shares of the software maker’s stock valued at $20,375,000 after acquiring an additional 21,239 shares in the last quarter. Green Alpha Advisors LLC boosted its position in shares of ANSYS by 3.5% during the 2nd quarter. Green Alpha Advisors LLC now owns 2,747 shares of the software maker’s stock valued at $657,000 after acquiring an additional 94 shares in the last quarter. Astoria Portfolio Advisors LLC. acquired a new stake in shares of ANSYS during the 2nd quarter valued at about $305,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of ANSYS by 89.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 125 shares of the software maker’s stock valued at $30,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 90.80% of the company’s stock.

ANSYS Stock Down 1.6 %

Shares of NASDAQ:ANSS opened at $235.42 on Thursday. ANSYS, Inc. has a 52 week low of $225.92 and a 52 week high of $413.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.12 and a current ratio of 2.12. The company has a market capitalization of $20.50 billion, a PE ratio of 45.19, a PEG ratio of 5.02 and a beta of 1.31. The company has a 50 day moving average price of $261.00 and a two-hundred day moving average price of $268.24.

ANSYS (NASDAQ:ANSSGet Rating) last issued its earnings results on Wednesday, August 3rd. The software maker reported $1.77 EPS for the quarter, beating the consensus estimate of $1.61 by $0.16. ANSYS had a net margin of 22.96% and a return on equity of 11.98%. During the same period in the prior year, the firm earned $1.38 earnings per share. Analysts forecast that ANSYS, Inc. will post 6.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ANSS has been the topic of a number of recent analyst reports. Rosenblatt Securities reduced their price target on shares of ANSYS from $315.00 to $285.00 and set a “neutral” rating on the stock in a research report on Thursday, July 21st. Mizuho reduced their price target on shares of ANSYS from $285.00 to $265.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 19th. Barclays boosted their price target on shares of ANSYS from $245.00 to $250.00 and gave the company an “underweight” rating in a research report on Friday, August 5th. TheStreet downgraded shares of ANSYS from a “b-” rating to a “c+” rating in a research note on Monday. Finally, Robert W. Baird boosted their target price on shares of ANSYS to $345.00 in a research note on Monday, August 15th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $277.33.

ANSYS Company Profile

(Get Rating)

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.

See Also

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.