Cibc World Markets Corp Purchases 1,892 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Cibc World Markets Corp boosted its stake in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,708 shares of the software maker's stock after acquiring an additional 1,892 shares during the period. Cibc World Markets Corp's holdings in ANSYS were worth $5,299,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp lifted its stake in ANSYS by 3.0% in the third quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock valued at $1,179,966,000 after purchasing an additional 106,187 shares during the last quarter. Geode Capital Management LLC lifted its stake in ANSYS by 1.7% in 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. Principal Financial Group Inc. lifted its stake in ANSYS by 1.3% in the fourth 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 last quarter. Charles Schwab Investment Management Inc. lifted its stake in ANSYS by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 553,193 shares of the software maker's stock valued at $186,609,000 after purchasing an additional 21,051 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in ANSYS by 1.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker's stock valued at $177,289,000 after purchasing an additional 6,786 shares during the last quarter. Institutional investors own 92.39% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on ANSS. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a research note on Friday. Rosenblatt Securities boosted their target price 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 Transactions at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares of the company's stock, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.46% of the company's stock.

ANSYS Stock Performance

ANSS stock traded down $0.43 during midday trading on Friday, reaching $324.20. 552,562 shares of the company's stock traded hands, compared to its average volume of 427,788. The company has a 50-day moving average price of $337.11 and a two-hundred day moving average price of $333.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The firm has a market capitalization of $28.42 billion, a PE ratio of 49.50, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). The business 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%. As a group, equities analysts anticipate that ANSYS, Inc. will post 8.32 EPS for the current year.

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.