ANSYS, Inc. (NASDAQ:ANSS) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 34.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 386,708 shares of the software maker's stock after acquiring an additional 100,042 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.44% of ANSYS worth $123,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. D1 Capital Partners L.P. acquired a new position in ANSYS during the third quarter worth $73,345,000. State Street Corp boosted its holdings in ANSYS by 3.0% during the 3rd quarter. State Street Corp now owns 3,703,249 shares of the software maker's stock valued at $1,179,966,000 after acquiring an additional 106,187 shares during the period. Bank of Montreal Can grew its position in ANSYS by 72.8% in the 2nd quarter. Bank of Montreal Can now owns 213,323 shares of the software maker's stock valued at $69,488,000 after acquiring an additional 89,840 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in ANSYS by 140.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker's stock worth $44,565,000 after purchasing an additional 80,886 shares during the period. Finally, Squarepoint Ops LLC lifted its position in shares of ANSYS by 267.4% during the second quarter. Squarepoint Ops LLC now owns 82,383 shares of the software maker's stock worth $26,486,000 after purchasing an additional 59,959 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ANSS shares. Robert W. Baird upped their target price 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 upgraded shares of ANSYS from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $342.50.

ANSYS Stock Down 0.4 %

NASDAQ:ANSS traded down $1.27 during mid-day trading on Thursday, hitting $336.06. The stock had a trading volume of 486,474 shares, compared to its average volume of 523,336. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The stock has a 50-day simple moving average of $340.13 and a two-hundred day simple moving average of $326.78. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $29.39 billion, a PE ratio of 51.86, a PEG ratio of 3.89 and a beta of 1.10.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the company's stock in a transaction that occurred 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 directly owns 3,630 shares of the company's stock, valued at $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.46% of the company's stock.

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.