Sumitomo Mitsui Trust Holdings Inc. Has $36.47 Million Position in ANSYS, Inc. (ANSS)
Sumitomo Mitsui Trust Holdings Inc. lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 297,158 shares of the software maker’s stock after selling 3,376 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.35% of ANSYS worth $36,470,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in ANSYS by 4.7% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 21,299 shares of the software maker’s stock valued at $2,614,000 after purchasing an additional 950 shares in the last quarter. Bank of New York Mellon Corp raised its stake in ANSYS by 27.2% in the third quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock valued at $128,883,000 after purchasing an additional 224,640 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in ANSYS by 13.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 23,011 shares of the software maker’s stock valued at $3,014,000 after purchasing an additional 2,760 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in ANSYS in the third quarter valued at about $1,380,000. Finally, Rhumbline Advisers raised its stake in ANSYS by 5.1% in the third quarter. Rhumbline Advisers now owns 173,766 shares of the software maker’s stock valued at $21,326,000 after purchasing an additional 8,379 shares in the last quarter. 96.00% of the stock is owned by institutional investors and hedge funds.
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In other news, VP Shane Emswiler sold 12,504 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $151.96, for a total transaction of $1,900,107.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
ANSYS, Inc. (NASDAQ:ANSS) opened at $153.40 on Wednesday. The company has a market capitalization of $12,831.75, a PE ratio of 43.20 and a beta of 1.05. ANSYS, Inc. has a 52 week low of $91.89 and a 52 week high of $155.14.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.10. The company had revenue of $276.77 million for the quarter, compared to analysts’ expectations of $263.77 million. ANSYS had a return on equity of 13.67% and a net margin of 26.01%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 earnings per share. equities research analysts anticipate that ANSYS, Inc. will post 3.57 earnings per share for the current fiscal year.
A number of research analysts recently commented on the company. Zacks Investment Research downgraded ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird reaffirmed an “outperform” rating and issued a $155.00 price target (up previously from $130.00) on shares of ANSYS in a research note on Friday, November 3rd. Royal Bank Of Canada boosted their price target on ANSYS from $130.00 to $147.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. Citigroup Inc. assumed coverage on ANSYS in a research note on Friday, September 22nd. They issued a “neutral” rating and a $125.00 price target for the company. Finally, Wedbush reaffirmed a “neutral” rating and issued a $114.00 price target (down previously from $136.00) on shares of ANSYS in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $128.91.
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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