CIBC Private Wealth Group LLC Has $2.21 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

CIBC Private Wealth Group LLC reduced its holdings in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 90.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,421 shares of the software maker's stock after selling 60,164 shares during the quarter. CIBC Private Wealth Group LLC's holdings in ANSYS were worth $2,205,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of ANSYS by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 10,643,766 shares of the software maker's stock valued at $3,590,462,000 after acquiring an additional 78,730 shares during the last quarter. State Street Corp raised its position in shares of 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. Geode Capital Management LLC lifted its holdings in shares of ANSYS by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker's stock valued at $732,672,000 after purchasing an additional 37,577 shares during the last quarter. Norges Bank purchased a new stake in shares of ANSYS during the fourth quarter valued at $615,566,000. Finally, Principal Financial Group Inc. boosted its position in shares of ANSYS by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 570,525 shares of the software maker's stock valued at $192,456,000 after purchasing an additional 7,098 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

ANSS has been the topic of several recent analyst reports. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Rosenblatt Securities boosted their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the firm'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 sale, the director now directly owns 3,430 shares of the company's stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.46% of the company's stock.

ANSYS Stock Down 0.9 %

NASDAQ:ANSS traded down $2.66 during trading hours on Monday, hitting $284.19. 1,216,806 shares of the company's stock traded hands, compared to its average volume of 464,867. ANSYS, Inc. has a twelve month low of $275.06 and a twelve month high of $363.03. The firm has a market cap of $24.91 billion, a P/E ratio of 43.39, a P/E/G ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The stock's fifty day moving average price is $329.49 and its two-hundred day moving average price is $333.97.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

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.