Nikko Asset Management Americas Inc. Sells 3,531 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Nikko Asset Management Americas Inc. decreased its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 15.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 18,916 shares of the software maker's stock after selling 3,531 shares during the period. Nikko Asset Management Americas Inc.'s holdings in ANSYS were worth $6,380,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new position in ANSYS during the fourth quarter worth $27,000. Assetmark Inc. boosted its stake in shares of ANSYS by 468.2% during the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after buying an additional 103 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of ANSYS in the 4th quarter valued at about $47,000. Allworth Financial LP increased its position in shares of ANSYS by 33.7% in the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after acquiring an additional 65 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in ANSYS during the third quarter valued at approximately $119,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Wall Street Analysts Forecast Growth

ANSS has been the topic of a number of analyst reports. Rosenblatt Securities upped their price objective on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. StockNews.com upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a research note on Friday, February 21st.

Remove Ads

Insider Transactions at ANSYS

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

ANSYS Stock Performance

ANSS traded down $0.43 during trading hours on Friday, reaching $324.20. The company's stock had a trading volume of 552,562 shares, compared to its average volume of 428,192. The company's 50-day moving average is $337.38 and its 200-day moving average is $333.64. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The firm has a market cap of $28.42 billion, a PE ratio of 49.50, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last posted 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 net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. On average, equities analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

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.