Mizuho Securities USA LLC Raises Position in ANSYS, Inc. (NASDAQ:ANSS)

Mizuho Securities USA LLC boosted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 46.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,288 shares of the software maker's stock after buying an additional 2,621 shares during the quarter. Mizuho Securities USA LLC's holdings in ANSYS were worth $2,796,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new position in ANSYS during the fourth quarter worth about $27,000. Assetmark Inc. lifted its holdings in ANSYS by 468.2% during the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after acquiring an additional 103 shares during the period. Millstone Evans Group LLC purchased a new position in ANSYS in the fourth quarter worth $42,000. SBI Securities Co. Ltd. bought a new position in ANSYS in the 4th quarter valued at $47,000. Finally, Allworth Financial LP increased its position in shares of ANSYS by 33.7% during the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker's stock valued at $92,000 after purchasing an additional 65 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Performance

Shares of ANSS stock traded down $5.20 on Friday, hitting $316.89. 518,831 shares of the stock were exchanged, compared to its average volume of 454,348. The firm's 50 day moving average is $335.78 and its two-hundred day moving average is $334.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The firm has a market capitalization of $27.78 billion, a PE ratio of 48.38, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12.

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ANSYS (NASDAQ:ANSS - Get Free Report) last posted its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). The business had revenue of $882.17 million during the quarter, compared to analysts' expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. Sell-side analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on ANSS. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Rosenblatt Securities increased their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a research report on Friday, February 21st.

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.