JPMorgan Chase & Co. Increases Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

JPMorgan Chase & Co. lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 34.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 386,708 shares of the software maker’s stock after buying an additional 100,042 shares during the quarter. JPMorgan Chase & Co. owned about 0.44% of ANSYS worth $123,217,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. D1 Capital Partners L.P. purchased a new position in ANSYS during the 3rd quarter worth approximately $73,345,000. State Street Corp boosted its holdings in shares of 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 acquiring an additional 106,187 shares during the period. Bank of Montreal Can grew its position in shares of ANSYS by 72.8% during the second quarter. Bank of Montreal Can now owns 213,323 shares of the software maker’s stock worth $69,488,000 after acquiring an additional 89,840 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of ANSYS by 140.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 138,615 shares of the software maker’s stock valued at $44,565,000 after acquiring an additional 80,886 shares during the period. Finally, Squarepoint Ops LLC raised its position in ANSYS by 267.4% in the 2nd quarter. Squarepoint Ops LLC now owns 82,383 shares of the software maker’s stock valued at $26,486,000 after purchasing an additional 59,959 shares during the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Stock Down 0.2 %

ANSS stock opened at $337.33 on Thursday. The stock has a market capitalization of $29.50 billion, a PE ratio of 52.06, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The company has a fifty day moving average of $339.83 and a 200-day moving average of $326.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ANSS shares. Robert W. Baird raised 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. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $342.50.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction 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 sale, the director now owns 3,630 shares of the company’s stock, valued at approximately $1,138,404.30. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is currently owned by insiders.

ANSYS Company 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.