SBI Securities Co. Ltd. Acquires New Stake in ANSYS, Inc. (NASDAQ:ANSS)

SBI Securities Co. Ltd. bought a new position in ANSYS, Inc. (NASDAQ:ANSS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 138 shares of the software maker’s stock, valued at approximately $47,000.

Other institutional investors have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its position in shares of ANSYS by 7.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after purchasing an additional 1,914 shares during the last quarter. Caldwell Investment Management Ltd. purchased a new position in ANSYS in the third quarter worth about $1,560,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of ANSYS by 3.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock worth $165,299,000 after buying an additional 16,462 shares in the last quarter. KBC Group NV grew its holdings in shares of ANSYS by 20.9% during the third quarter. KBC Group NV now owns 110,928 shares of the software maker’s stock valued at $35,345,000 after buying an additional 19,149 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of ANSYS by 5.9% during the third quarter. CIBC Asset Management Inc now owns 27,116 shares of the software maker’s stock valued at $8,640,000 after acquiring an additional 1,518 shares in the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ANSS shares. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Rosenblatt Securities upped their price target on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a report on Friday, February 21st.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

ANSYS Stock Performance

Shares of ANSS stock opened at $318.71 on Tuesday. The firm has a market capitalization of $27.94 billion, a PE ratio of 48.66, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a 50 day moving average price of $340.10 and a 200-day moving average price of $333.72. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS) last announced its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). The company had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. As a group, equities research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

About ANSYS

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.