Daiwa Securities Group Inc. Increases Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Daiwa Securities Group Inc. boosted its position in ANSYS, Inc. (NASDAQ:ANSS) by 7.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,441 shares of the software maker’s stock after purchasing an additional 1,152 shares during the period. Daiwa Securities Group Inc.’s holdings in ANSYS were worth $5,883,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in shares of ANSYS in the fourth quarter valued at $119,140,000. D1 Capital Partners L.P. purchased a new position in ANSYS during the 3rd quarter valued at about $73,345,000. State Street Corp raised its position in ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after acquiring an additional 106,187 shares during the last quarter. JPMorgan Chase & Co. raised its position in ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after acquiring an additional 100,042 shares during the last quarter. Finally, CCLA Investment Management lifted its holdings in shares of ANSYS by 11.9% in the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock valued at $150,381,000 after purchasing an additional 47,331 shares in the last quarter. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares in the company, valued at $1,154,606.60. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a report on Friday, February 21st.

ANSYS Stock Performance

Shares of NASDAQ ANSS opened at $317.49 on Thursday. The company has a 50-day simple moving average of $339.36 and a 200-day simple moving average of $333.58. 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 market cap of $27.83 billion, a PE ratio of 48.47, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03.

ANSYS (NASDAQ:ANSS) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 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 firm had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. On average, equities analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current year.

About ANSYS

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.