Mitsubishi UFJ Trust & Banking Corp Sells 303 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 39,395 shares of the software maker’s stock after selling 303 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in ANSYS were worth $13,289,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. acquired a new position in ANSYS in the fourth quarter valued at about $27,000. Assetmark Inc. increased its holdings in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock valued at $42,000 after buying an additional 103 shares during the period. Millstone Evans Group LLC acquired a new position in shares of ANSYS in the 4th quarter valued at approximately $42,000. SBI Securities Co. Ltd. bought a new stake in shares of ANSYS during the 4th quarter worth approximately $47,000. Finally, Allworth Financial LP boosted its position in shares of ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after acquiring an additional 65 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

ANSYS Price Performance

ANSS stock opened at $316.89 on Friday. The stock has a market cap of $27.78 billion, a price-to-earnings ratio of 48.38, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. The company has a 50 day simple moving average of $335.12 and a 200 day simple moving average of $334.16. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03.

ANSYS (NASDAQ:ANSS) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million for the quarter, compared to analyst estimates of $864.46 million. Research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Rosenblatt Securities boosted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

ANSYS 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.