Daiwa Securities Group Inc. Sells 2,674 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Daiwa Securities Group Inc. reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,475 shares of the software maker's stock after selling 2,674 shares during the period. Daiwa Securities Group Inc.'s holdings in ANSYS were worth $9,607,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Wealth Alliance grew its position in shares of ANSYS by 2.4% during the 4th quarter. Wealth Alliance now owns 1,523 shares of the software maker's stock valued at $553,000 after purchasing an additional 36 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of ANSYS by 18.1% during the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker's stock worth $72,000 after acquiring an additional 37 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of ANSYS by 11.7% during the 3rd quarter. IFP Advisors Inc now owns 363 shares of the software maker's stock worth $108,000 after acquiring an additional 38 shares during the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of ANSYS by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 4,866 shares of the software maker's stock worth $1,448,000 after acquiring an additional 39 shares during the last quarter. Finally, Williams Jones Wealth Management LLC. lifted its holdings in shares of ANSYS by 2.2% during the 1st quarter. Williams Jones Wealth Management LLC. now owns 1,822 shares of the software maker's stock worth $606,000 after acquiring an additional 39 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Glenda Dorchak sold 150 shares of the company's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the transaction, the director now directly owns 3,049 shares of the company's stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.53% of the company's stock.

ANSYS Trading Down 0.7 %

Shares of NASDAQ:ANSS traded down $2.39 during midday trading on Friday, hitting $322.11. 423,476 shares of the stock traded hands, compared to its average volume of 708,078. The stock has a market capitalization of $28.12 billion, a PE ratio of 56.26, a P/E/G ratio of 5.19 and a beta of 1.16. The business's 50 day moving average is $337.53 and its two-hundred day moving average is $320.00. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a one year low of $258.01 and a one year high of $364.31.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, beating the consensus estimate of $3.71 by $0.23. The firm had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.61 earnings per share. As a group, research analysts forecast that ANSYS, Inc. will post 7.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of ANSYS in a report on Monday. They set a "hold" rating for the company. Wolfe Research reaffirmed a "peer perform" rating on shares of ANSYS in a report on Wednesday, January 17th. Rosenblatt Securities reissued a "neutral" rating and issued a $345.00 price target on shares of ANSYS in a research note on Tuesday, March 5th. Mizuho lowered 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. Finally, Barclays boosted their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an "underweight" rating in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, ANSYS currently has an average 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.