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

Tokio Marine Asset Management Co. Ltd. grew its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 8.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,417 shares of the software maker’s stock after purchasing an additional 194 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in ANSYS were worth $877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Verdence Capital Advisors LLC raised its position in shares of ANSYS by 1.7% during the fourth quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock valued at $752,000 after buying an additional 35 shares during the last quarter. Wealth Alliance raised its position in shares of ANSYS by 2.4% during the fourth quarter. Wealth Alliance now owns 1,523 shares of the software maker’s stock valued at $553,000 after buying an additional 36 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of ANSYS by 18.1% during the third quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock valued at $72,000 after buying an additional 37 shares during the last quarter. IFP Advisors Inc increased its position in ANSYS by 11.7% in the third quarter. IFP Advisors Inc now owns 363 shares of the software maker’s stock worth $108,000 after purchasing an additional 38 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its position in ANSYS by 2.7% in the third quarter. Perigon Wealth Management LLC now owns 1,544 shares of the software maker’s stock worth $459,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 2.1 %

NASDAQ ANSS opened at $333.75 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average of $336.80 and a two-hundred day moving average of $321.39. The firm has a market capitalization of $29.14 billion, a price-to-earnings ratio of 58.25, a PEG ratio of 5.15 and a beta of 1.16. ANSYS, Inc. has a 52 week low of $258.01 and a 52 week high of $364.31.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 21st. The software maker reported $3.94 EPS for the quarter, topping the consensus estimate of $3.71 by $0.23. The company had revenue of $805.10 million during the quarter, compared to analyst estimates of $797.49 million. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. ANSYS’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.61 earnings per share. On average, analysts predict that ANSYS, Inc. will post 7.39 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a research report on Tuesday, March 5th. Barclays boosted their price target on shares of ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a research report on Thursday, February 22nd. StockNews.com assumed coverage on shares of ANSYS in a research report on Tuesday. They issued a “hold” rating on the stock. Mizuho reduced their price target on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 17th. Finally, Wolfe Research restated a “peer perform” rating on shares of ANSYS in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, ANSYS presently has a consensus rating of “Hold” and a consensus price target of $320.00.

Insider Activity

In other news, Director Glenda Dorchak sold 150 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total transaction of $51,312.00. Following the completion of the sale, the director now directly owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.53% of the company’s stock.

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.