Tokio Marine Asset Management Co. Ltd. Acquires 194 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Tokio Marine Asset Management Co. Ltd. increased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,417 shares of the software maker’s stock after acquiring an additional 194 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in ANSYS were worth $877,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. grew its holdings in ANSYS by 156.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,489 shares of the software maker’s stock valued at $903,000 after purchasing an additional 1,520 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in ANSYS by 11.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 763 shares of the software maker’s stock valued at $275,000 after purchasing an additional 80 shares during the period. GAMMA Investing LLC bought a new position in ANSYS during the fourth quarter valued at $226,000. Linden Thomas Advisory Services LLC grew its holdings in ANSYS by 1.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 5,879 shares of the software maker’s stock valued at $2,133,000 after purchasing an additional 70 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in ANSYS by 9.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,146 shares of the software maker’s stock valued at $416,000 after purchasing an additional 101 shares during the period. 92.39% of the stock is owned by institutional investors.

Insider Buying and Selling at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 150 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total transaction of $51,312.00. Following the sale, the director now owns 3,049 shares in the company, valued at $1,043,001.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

ANSYS Trading Up 2.1 %

Shares of ANSS stock opened at $333.75 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.30 and a current ratio of 2.30. ANSYS, Inc. has a 52-week low of $258.01 and a 52-week high of $364.31. The company has a market capitalization of $29.14 billion, a PE ratio of 58.25, a price-to-earnings-growth ratio of 5.15 and a beta of 1.16. The business’s fifty day moving average is $336.80 and its 200 day moving average is $321.39.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a return on equity of 11.83% and a net margin of 22.05%. The business had revenue of $805.10 million for the quarter, compared to the consensus estimate of $797.49 million. During the same quarter last year, the business posted $2.61 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities research analysts anticipate that ANSYS, Inc. will post 7.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ANSS shares. StockNews.com started coverage on ANSYS in a report on Tuesday. They set a “hold” rating for the company. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Rosenblatt Securities restated a “neutral” rating and set a $345.00 target price on shares of ANSYS in a research report on Tuesday, March 5th. Barclays increased their target price on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. Finally, Mizuho dropped their target price on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ANSYS has a consensus rating of “Hold” and a consensus target price of $320.00.

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.