Nomura Asset Management Co. Ltd. Buys 1,914 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Nomura Asset Management Co. Ltd. increased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,351 shares of the software maker's stock after acquiring an additional 1,914 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in ANSYS were worth $9,033,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bangor Savings Bank grew its holdings in shares of ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after purchasing an additional 34 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in ANSYS by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock worth $409,000 after buying an additional 37 shares in the last quarter. Gardner Lewis Asset Management L P increased its holdings in ANSYS by 1.9% in the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker's stock valued at $699,000 after buying an additional 40 shares during the period. Eads & Heald Wealth Management raised its position in shares of ANSYS by 1.6% in the 3rd quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker's stock valued at $807,000 after buying an additional 40 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of ANSYS by 2.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,597 shares of the software maker's stock worth $509,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 92.39% of the company's stock.

ANSYS Price Performance

Shares of ANSS traded down $2.42 during trading hours on Thursday, reaching $341.58. The stock had a trading volume of 352,495 shares, compared to its average volume of 525,993. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $364.31. The stock has a market capitalization of $29.87 billion, a PE ratio of 53.09, a PEG ratio of 3.91 and a beta of 1.10. The company's 50-day moving average is $335.29 and its two-hundred day moving average is $325.01.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $313.61, for a total transaction of $47,668.72. Following the sale, the director now directly owns 3,630 shares of the company's stock, valued at $1,138,404.30. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.46% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on ANSS shares. Robert W. Baird boosted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. StockNews.com raised ANSYS from a "hold" rating to a "buy" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, ANSYS currently has a consensus rating of "Hold" and a consensus target price of $342.50.

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.