Meiji Yasuda Asset Management Co Ltd. Has $465,000 Position in ANSYS, Inc. (NASDAQ:ANSS)

Meiji Yasuda Asset Management Co Ltd. grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 14.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,445 shares of the software maker’s stock after acquiring an additional 183 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in ANSYS were worth $465,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Jump Financial LLC bought a new position in ANSYS during the fourth quarter valued at about $257,000. UBS Group AG increased its holdings in shares of ANSYS by 3.5% during the 4th quarter. UBS Group AG now owns 157,081 shares of the software maker’s stock valued at $57,002,000 after acquiring an additional 5,332 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of ANSYS by 28.3% in the fourth quarter. Corient Private Wealth LLC now owns 20,727 shares of the software maker’s stock valued at $7,521,000 after purchasing an additional 4,567 shares during the period. Quest Partners LLC bought a new stake in shares of ANSYS during the 4th quarter worth $29,000. Finally, Assetmark Inc. grew its stake in ANSYS by 6.1% in the 4th quarter. Assetmark Inc. now owns 2,623 shares of the software maker’s stock valued at $952,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity

In related news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $330.81, for a total value of $52,598.79. Following the sale, the director now owns 3,782 shares of the company’s stock, valued at $1,251,123.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. KeyCorp assumed coverage on shares of ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating for the company. Rosenblatt Securities lowered their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com initiated coverage on ANSYS in a research report on Saturday, September 14th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, ANSYS currently has a consensus rating of “Hold” and a consensus price target of $318.33.

ANSYS Trading Down 0.6 %

Shares of ANSS opened at $320.25 on Friday. The stock’s 50-day moving average price is $315.72 and its 200 day moving average price is $325.12. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $27.96 billion, a price-to-earnings ratio of 64.31, a P/E/G ratio of 6.80 and a beta of 1.12. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The business had revenue of $594.14 million for the quarter, compared to analysts’ expectations of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. ANSYS’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 earnings per share. As a group, research analysts predict that ANSYS, Inc. will post 7.32 earnings per share for the current year.

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.