ANSYS, Inc. (NASDAQ:ANSS) Holdings Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,289 shares of the software maker's stock after buying 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 filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. purchased a new stake in ANSYS during the 1st quarter valued at approximately $377,000. Tidal Investments LLC raised its stake in shares of ANSYS by 9.8% during the first quarter. Tidal Investments LLC now owns 9,418 shares of the software maker's stock worth $3,270,000 after purchasing an additional 839 shares during the last quarter. Wahed Invest LLC lifted its holdings in shares of ANSYS by 15.1% during the first quarter. Wahed Invest LLC now owns 1,700 shares of the software maker's stock worth $590,000 after purchasing an additional 223 shares during the period. Virtu Financial LLC purchased a new position in ANSYS in the 1st quarter valued at $387,000. Finally, LRI Investments LLC acquired a new position in ANSYS in the 1st quarter valued at $356,000. 92.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on ANSS. Robert W. Baird increased their price objective on ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com lowered ANSYS from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Finally, Rosenblatt Securities dropped their price target on ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, ANSYS currently has a consensus rating of "Hold" and an average target price of $342.50.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the stock in a transaction that occurred 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 transaction, the director now owns 3,630 shares of the company's stock, valued at $1,138,404.30. This trade represents a 4.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Price Performance

Shares of NASDAQ ANSS opened at $349.85 on Wednesday. The company has a market capitalization of $30.59 billion, a price-to-earnings ratio of 53.99, a PEG ratio of 3.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31. The business has a 50-day moving average of $329.17 and a 200-day moving average of $323.46.

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.