Cibc World Markets Corp Increases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Cibc World Markets Corp boosted its stake in ANSYS, Inc. (NASDAQ:ANSS) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,708 shares of the software maker’s stock after purchasing an additional 1,892 shares during the quarter. Cibc World Markets Corp’s holdings in ANSYS were worth $5,299,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its stake in ANSYS by 7.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker’s stock worth $9,033,000 after purchasing an additional 1,914 shares in the last quarter. FNY Investment Advisers LLC lifted its stake in ANSYS by 78.7% in the 4th quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock worth $2,036,000 after purchasing an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in ANSYS by 34.9% in the 3rd 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 in the last quarter. Daiwa Securities Group Inc. lifted its stake in ANSYS by 12.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 16,289 shares of the software maker’s stock worth $5,190,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in ANSYS in the 4th quarter worth $255,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Rosenblatt Securities upped their target price on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research report on Friday, February 21st.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total transaction of $67,324.00. Following the transaction, the director now directly owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

ANSYS Stock Down 0.2 %

Shares of NASDAQ ANSS opened at $323.04 on Thursday. The firm’s 50-day moving average price is $337.76 and its 200-day moving average price is $333.70. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $28.32 billion, a price-to-earnings ratio of 49.32, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month high of $363.03.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million for the quarter, compared to the consensus estimate of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, equities research analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

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.