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

Daiwa Securities Group Inc. boosted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 12.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,289 shares of the software maker’s stock after acquiring an additional 1,818 shares during the quarter. Daiwa Securities Group Inc.’s holdings in ANSYS were worth $5,190,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ANSS. B. Riley Wealth Advisors Inc. bought a new position in shares of ANSYS in the first quarter worth about $377,000. Tidal Investments LLC boosted its position in ANSYS by 9.8% in the 1st quarter. Tidal Investments LLC now owns 9,418 shares of the software maker’s stock valued at $3,270,000 after buying an additional 839 shares during the period. Wahed Invest LLC grew its stake in ANSYS by 15.1% in the 1st quarter. Wahed Invest LLC now owns 1,700 shares of the software maker’s stock worth $590,000 after acquiring an additional 223 shares in the last quarter. Virtu Financial LLC bought a new position in ANSYS in the 1st quarter worth about $387,000. Finally, LRI Investments LLC purchased a new position in shares of ANSYS during the first quarter worth approximately $356,000. Institutional investors own 92.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ANSS. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Robert W. Baird upped their target price on ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Rosenblatt Securities cut their price target on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $342.50.

Insider Activity

In related news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the sale, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. This represents a 4.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.46% of the company’s stock.

ANSYS Stock Performance

Shares of NASDAQ:ANSS opened at $349.85 on Wednesday. The firm has a 50 day moving average of $329.17 and a 200 day moving average of $323.46. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $30.59 billion, a price-to-earnings ratio of 53.99, a price-to-earnings-growth ratio of 3.96 and a beta of 1.11. ANSYS, Inc. has a 52 week low of $275.81 and a 52 week high of $364.31.

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.