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

CIBC Asset Management Inc raised its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,094 shares of the software maker's stock after purchasing an additional 978 shares during the quarter. CIBC Asset Management Inc's holdings in ANSYS were worth $9,477,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Exchange Traded Concepts LLC lifted its stake in shares of ANSYS by 2,656.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 634 shares of the software maker's stock valued at $202,000 after purchasing an additional 611 shares during the period. Raymond James & Associates lifted its position in ANSYS by 0.4% during the third quarter. Raymond James & Associates now owns 10,822 shares of the software maker's stock valued at $3,448,000 after buying an additional 46 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of ANSYS by 6.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the software maker's stock valued at $479,000 after buying an additional 92 shares in the last quarter. Signaturefd LLC grew its position in shares of ANSYS by 7.0% in the 3rd quarter. Signaturefd LLC now owns 1,334 shares of the software maker's stock worth $425,000 after buying an additional 87 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of ANSYS in the 3rd quarter worth about $54,820,000. 92.39% of the stock is currently owned by institutional investors.

ANSYS Stock Up 1.1 %

ANSYS stock traded up $3.72 during mid-day trading on Thursday, reaching $340.46. The stock had a trading volume of 714,752 shares, compared to its average volume of 482,720. The company has a market capitalization of $29.77 billion, a price-to-earnings ratio of 52.54, a PEG ratio of 3.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The company has a 50-day moving average price of $342.83 and a two-hundred day moving average price of $332.42.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share 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 23.01% and a return on equity of 12.64%. On average, analysts expect that ANSYS, Inc. will post 7.66 EPS for the current fiscal year.

Insider Activity at ANSYS

In other ANSYS 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 owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

ANSS has been the topic of several research reports. Robert W. Baird boosted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. StockNews.com cut ANSYS from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, ANSYS currently has a consensus rating of "Hold" and an average price target of $346.67.

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.