CIBC Asset Management Inc Acquires 978 Shares of ANSYS, Inc. (NASDAQ:ANSS)

CIBC Asset Management Inc grew its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,094 shares of the software maker’s stock after acquiring an additional 978 shares during the quarter. CIBC Asset Management Inc’s holdings in ANSYS were worth $9,477,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. D1 Capital Partners L.P. bought a new stake in ANSYS during the third quarter worth about $73,345,000. State Street Corp lifted its position in ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after purchasing an additional 106,187 shares during the period. JPMorgan Chase & Co. lifted its position in ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after purchasing an additional 100,042 shares during the period. CCLA Investment Management lifted its position in ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after purchasing an additional 47,331 shares during the period. Finally, Impax Asset Management Group plc lifted its position in ANSYS by 8.0% during the third quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after purchasing an additional 44,605 shares during the period. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Down 0.1 %

Shares of NASDAQ ANSS opened at $338.58 on Wednesday. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a market cap of $29.61 billion, a price-to-earnings ratio of 52.25, a PEG ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a 12 month low of $289.82 and a 12 month high of $363.03. The stock has a 50-day moving average price of $343.00 and a two-hundred day moving average price of $332.13.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ANSS. StockNews.com cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird upped their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $346.67.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

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.