CIBC Asset Management Inc Grows Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

CIBC Asset Management Inc grew its holdings in ANSYS, Inc. (NASDAQ:ANSSGet Rating) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,169 shares of the software maker’s stock after acquiring an additional 508 shares during the period. CIBC Asset Management Inc’s holdings in ANSYS were worth $5,771,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ANSS. Norges Bank purchased a new stake in shares of ANSYS in the 4th quarter valued at $255,302,000. BlackRock Inc. lifted its stake in shares of ANSYS by 2.8% in the 4th quarter. BlackRock Inc. now owns 7,652,495 shares of the software maker’s stock valued at $3,069,567,000 after purchasing an additional 209,554 shares during the period. AKO Capital LLP lifted its stake in shares of ANSYS by 47.6% in the 1st quarter. AKO Capital LLP now owns 505,822 shares of the software maker’s stock valued at $160,674,000 after purchasing an additional 163,085 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of ANSYS by 151.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 254,532 shares of the software maker’s stock valued at $80,852,000 after purchasing an additional 153,416 shares during the period. Finally, swisspartners Ltd. lifted its stake in shares of ANSYS by 19,064.8% in the 1st quarter. swisspartners Ltd. now owns 152,360 shares of the software maker’s stock valued at $919,000 after purchasing an additional 151,565 shares during the period. 89.93% of the stock is owned by hedge funds and other institutional investors.

ANSYS Price Performance

ANSYS stock opened at $285.48 on Friday. ANSYS, Inc. has a 52-week low of $225.92 and a 52-week high of $413.89. The firm has a market capitalization of $24.86 billion, a price-to-earnings ratio of 54.79, a PEG ratio of 5.77 and a beta of 1.29. The company has a fifty day simple moving average of $251.90 and a 200-day simple moving average of $282.61. The company has a quick ratio of 2.28, a current ratio of 2.12 and a debt-to-equity ratio of 0.17.

ANSYS (NASDAQ:ANSSGet Rating) last released its earnings results on Wednesday, August 3rd. The software maker reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.16. ANSYS had a net margin of 22.96% and a return on equity of 11.98%. During the same quarter last year, the business earned $1.38 earnings per share. On average, equities analysts anticipate that ANSYS, Inc. will post 6.14 EPS for the current fiscal year.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 800 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $256.18, for a total value of $204,944.00. Following the completion of the sale, the director now owns 4,041 shares of the company’s stock, valued at $1,035,223.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

ANSS has been the subject of several analyst reports. Rosenblatt Securities decreased their target price on shares of ANSYS from $315.00 to $285.00 and set a “neutral” rating for the company in a research note on Thursday, July 21st. TheStreet cut shares of ANSYS from a “b-” rating to a “c” rating in a research note on Wednesday, May 4th. Oppenheimer reiterated an “initiates” rating on shares of ANSYS in a research note on Wednesday, July 27th. Mizuho reduced their price objective on shares of ANSYS from $285.00 to $265.00 and set a “neutral” rating for the company in a research report on Tuesday, July 19th. Finally, Citigroup reduced their price objective on shares of ANSYS from $304.00 to $274.00 in a research report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $287.45.

ANSYS Company Profile

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ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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