Resona Asset Management Co. Ltd. Acquires New Position in ANSYS, Inc. (NASDAQ:ANSS)

Resona Asset Management Co. Ltd. acquired a new stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 28,444 shares of the software maker's stock, valued at approximately $9,607,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. purchased a new position in shares of ANSYS in the 4th quarter worth $27,000. Assetmark Inc. lifted its stake in shares of ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker's stock worth $42,000 after purchasing an additional 103 shares during the period. Millstone Evans Group LLC bought a new stake in shares of ANSYS during the 4th quarter valued at $42,000. SBI Securities Co. Ltd. purchased a new stake in ANSYS in the 4th quarter worth approximately $47,000. Finally, Allworth Financial LP lifted 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 in the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Wall Street Analysts Forecast Growth

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

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ANSYS Price Performance

Shares of ANSS stock traded down $1.26 during trading hours on Friday, hitting $295.24. The stock had a trading volume of 157,586 shares, compared to its average volume of 470,110. The stock's 50-day moving average price is $324.29 and its two-hundred day moving average price is $332.94. ANSYS, Inc. has a one year low of $275.06 and a one year high of $363.03. The stock has a market capitalization of $25.88 billion, a price-to-earnings ratio of 45.04, a PEG ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick 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 analysts' consensus estimates of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Equities analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

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.