ANSYS, Inc. (NASDAQ:ANSS) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 12.6% during the third quarter, HoldingsChannel reports. The firm owned 16,289 shares of the software maker’s stock after purchasing 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.

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

ANSYS Trading Down 0.7 %

ANSYS stock opened at $349.85 on Wednesday. The firm has a market cap of $30.59 billion, a PE ratio of 53.99, a P/E/G ratio of 3.96 and a beta of 1.11. ANSYS, Inc. has a 12 month low of $275.81 and a 12 month high of $364.31. The stock’s 50 day simple moving average is $329.17 and its two-hundred day simple moving average is $323.46. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of ANSYS stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 4.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ANSS shares. Rosenblatt Securities reduced their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Robert W. Baird boosted their target price 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, ANSYS presently has an average rating of “Hold” and a consensus price target 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.