ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. cut its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,269 shares of the software maker’s stock after selling 116 shares during the period. Sumitomo Life Insurance Co.’s holdings in ANSYS were worth $2,115,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its position in shares of ANSYS by 3.0% in the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after buying an additional 106,187 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ANSYS by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock worth $732,672,000 after purchasing an additional 37,577 shares during the last quarter. Impax Asset Management Group plc increased its position in shares of ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after purchasing an additional 44,605 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of ANSYS by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock valued at $169,556,000 after purchasing an additional 8,706 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of ANSYS by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after purchasing an additional 16,462 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Robert W. Baird lifted their price target on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $346.67.

ANSYS Stock Up 1.5 %

ANSS opened at $350.23 on Wednesday. The business has a 50 day moving average price of $344.20 and a two-hundred day moving average price of $329.19. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a market cap of $30.63 billion, a PE ratio of 54.05, a P/E/G ratio of 3.72 and a beta of 1.11. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13.

Insider Transactions at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.46% of the company’s stock.

ANSYS Company 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.