Mitsubishi UFJ Trust & Banking Corp Buys 16,909 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Mitsubishi UFJ Trust & Banking Corp raised its stake in ANSYS, Inc. (NASDAQ:ANSS) by 4.8% in the second quarter, Holdings Channel.com reports. The firm owned 372,210 shares of the software maker’s stock after acquiring an additional 16,909 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in ANSYS were worth $129,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in ANSS. Holocene Advisors LP acquired a new stake in shares of ANSYS during the 1st quarter worth about $134,446,000. Ninety One UK Ltd acquired a new stake in shares of ANSYS during the 1st quarter worth about $102,220,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of ANSYS by 55.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 710,474 shares of the software maker’s stock worth $246,577,000 after purchasing an additional 253,358 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in ANSYS by 100.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 316,028 shares of the software maker’s stock valued at $109,681,000 after acquiring an additional 158,134 shares in the last quarter. Finally, Ownership Capital B.V. increased its position in ANSYS by 9.6% in the 1st quarter. Ownership Capital B.V. now owns 1,524,622 shares of the software maker’s stock valued at $517,701,000 after acquiring an additional 132,986 shares in the last quarter. Institutional investors own 88.51% of the company’s stock.

Several equities research analysts have weighed in on ANSS shares. Benchmark raised their price objective on shares of ANSYS from $370.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, August 6th. They noted that the move was a valuation call. Citigroup raised their target price on shares of ANSYS from $345.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, August 6th. Stifel Nicolaus began coverage on shares of ANSYS in a research note on Tuesday, May 25th. They issued a “hold” rating and a $365.00 target price on the stock. Royal Bank of Canada raised their target price on shares of ANSYS from $360.00 to $380.00 and gave the company a “sector perform” rating in a research note on Friday, August 6th. Finally, Zacks Investment Research raised shares of ANSYS from a “hold” rating to a “buy” rating and set a $390.00 target price on the stock in a research note on Tuesday, August 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $349.75.

In other ANSYS news, Director Alec D. Gallimore sold 625 shares of the firm’s stock in a transaction that occurred on Friday, July 9th. The shares were sold at an average price of $351.84, for a total transaction of $219,900.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ajei Gopal sold 63,726 shares of ANSYS stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $364.07, for a total transaction of $23,200,724.82. The disclosure for this sale can be found here. Insiders have sold a total of 64,651 shares of company stock worth $23,530,119 over the last 90 days. Corporate insiders own 0.63% of the company’s stock.

ANSYS stock traded down $0.90 during midday trading on Tuesday, hitting $355.50. 2,664 shares of the stock were exchanged, compared to its average volume of 418,330. The company has a fifty day simple moving average of $364.07 and a two-hundred day simple moving average of $349.88. ANSYS, Inc. has a 52 week low of $292.79 and a 52 week high of $413.19. The stock has a market capitalization of $31.02 billion, a PE ratio of 68.02, a P/E/G ratio of 5.52 and a beta of 1.23. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.18.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Tuesday, August 3rd. The software maker reported $1.85 EPS for the quarter, topping the consensus estimate of $1.56 by $0.29. The firm had revenue of $452.55 million for the quarter, compared to the consensus estimate of $433.34 million. ANSYS had a net margin of 25.40% and a return on equity of 12.45%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the company posted $1.55 EPS. As a group, equities research analysts anticipate that ANSYS, Inc. will post 5.48 EPS for the current fiscal year.

About ANSYS

ANSYS, Inc engages in the development and marketing of engineering simulation software and services. It operates through the following geographical segments: United States; Japan; Germany; South Korea; France; China; Other EMEA; and Other International. The firm’s solutions include automotive; aerospace and defense; construction; energy; materials and chemical processing; autonomous engineering; and electrification.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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