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

Cibc World Markets Corp grew its stake in ANSYS, Inc. (NASDAQ:ANSS) by 13.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new position in ANSYS in the 4th quarter worth about $27,000. Assetmark Inc. grew its stake in ANSYS by 468.2% in the 4th quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after acquiring an additional 103 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of ANSYS during the fourth quarter valued at approximately $47,000. Allworth Financial LP boosted its stake in shares of ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after purchasing an additional 65 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of ANSYS during the third quarter valued at approximately $119,000. 92.39% of the stock is currently owned by institutional investors.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were 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 owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Trading Down 0.2 %

NASDAQ:ANSS opened at $323.04 on Thursday. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The firm has a 50 day moving average of $337.76 and a 200 day moving average of $333.70. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $28.32 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. As a group, sell-side analysts anticipate that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ANSS has been the topic of a number of recent research reports. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities increased their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st.

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.