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

CIBC Asset Management Inc boosted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,116 shares of the software maker's stock after purchasing an additional 1,518 shares during the quarter. CIBC Asset Management Inc's holdings in ANSYS were worth $8,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ANSS. Cetera Investment Advisers lifted its position in ANSYS by 392.9% in the 1st quarter. Cetera Investment Advisers now owns 12,751 shares of the software maker's stock worth $4,427,000 after buying an additional 10,164 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of ANSYS by 3.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,991 shares of the software maker's stock valued at $38,499,000 after purchasing an additional 3,413 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in ANSYS by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker's stock worth $165,299,000 after purchasing an additional 16,462 shares during the period. Montanaro Asset Management Ltd lifted its stake in ANSYS by 4.9% in the third quarter. Montanaro Asset Management Ltd now owns 64,300 shares of the software maker's stock worth $20,488,000 after purchasing an additional 3,000 shares during the last quarter. Finally, KBC Group NV boosted its position in ANSYS by 20.9% during the third quarter. KBC Group NV now owns 110,928 shares of the software maker's stock valued at $35,345,000 after buying an additional 19,149 shares during the period. Hedge funds and other institutional investors own 92.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ANSS shares. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Thursday. Rosenblatt Securities lowered their price objective on ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. Finally, Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, ANSYS has a consensus rating of "Hold" and an average target price of $342.50.

ANSYS Trading Down 2.3 %

NASDAQ ANSS traded down $7.90 on Friday, hitting $332.38. The company's stock had a trading volume of 527,043 shares, compared to its average volume of 467,376. The firm has a market cap of $29.07 billion, a P/E ratio of 51.29, a PEG ratio of 3.76 and a beta of 1.11. ANSYS, Inc. has a 52-week low of $275.81 and a 52-week high of $364.31. The company's 50-day simple moving average is $324.95 and its 200 day simple moving average is $322.35. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.

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.