CIBC Asset Management Inc Has $9.48 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

CIBC Asset Management Inc increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,094 shares of the software maker’s stock after buying an additional 978 shares during the period. CIBC Asset Management Inc’s holdings in ANSYS were worth $9,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new position in ANSYS during the fourth quarter worth $27,000. Intact Investment Management Inc. acquired a new position in ANSYS during the third quarter worth $70,000. Allworth Financial LP increased its holdings in ANSYS by 33.7% during the fourth quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock worth $92,000 after buying an additional 65 shares during the last quarter. Brooklyn Investment Group acquired a new position in ANSYS during the third quarter worth $119,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in ANSYS during the third quarter worth $174,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ANSS has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Robert W. Baird lifted their price objective on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, ANSYS presently has an average rating of “Hold” and an average price target of $346.67.

Insider Activity

In other news, Director Glenda Dorchak sold 200 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.46% of the stock is currently owned by company insiders.

ANSYS Trading Down 0.1 %

ANSS stock opened at $338.58 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.11 and a quick ratio of 3.11. The company has a fifty day moving average price of $343.00 and a two-hundred day moving average price of $332.13. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The stock has a market cap of $29.61 billion, a price-to-earnings ratio of 52.25, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12.

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.