Daiwa Securities Group Inc. Has $9.61 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Daiwa Securities Group Inc. reduced its position in ANSYS, Inc. (NASDAQ:ANSS) by 9.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,475 shares of the software maker’s stock after selling 2,674 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ANSYS were worth $9,607,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ANSS. CVA Family Office LLC purchased a new position in shares of ANSYS in the 4th quarter worth approximately $28,000. Raleigh Capital Management Inc. boosted its position in ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock worth $29,000 after purchasing an additional 57 shares during the last quarter. KB Financial Partners LLC grew its stake in ANSYS by 854.5% in the 2nd quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock valued at $35,000 after purchasing an additional 94 shares during the period. Gyon Technologies Capital Management LP purchased a new stake in shares of ANSYS during the 4th quarter valued at $37,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of ANSYS during the 4th quarter worth $47,000. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Down 0.3 %

Shares of NASDAQ:ANSS opened at $324.50 on Friday. The company has a market cap of $28.33 billion, a price-to-earnings ratio of 56.63, a PEG ratio of 5.21 and a beta of 1.16. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31. The firm has a fifty day moving average price of $337.53 and a two-hundred day moving average price of $320.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.30 and a quick ratio of 2.30.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. The business had revenue of $805.10 million during the quarter, compared to analyst estimates of $797.49 million. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. ANSYS’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.61 EPS. Analysts anticipate that ANSYS, Inc. will post 7.26 EPS for the current fiscal year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

ANSS has been the subject of a number of research analyst reports. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. Mizuho decreased their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research note on Wednesday, January 17th. Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research note on Tuesday, March 5th. Barclays boosted their price objective on ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research note on Thursday, February 22nd. Finally, StockNews.com assumed coverage on shares of ANSYS in a research note on Monday. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, ANSYS currently has a consensus rating of “Hold” and a consensus price target of $323.86.

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.