JPMorgan Chase & Co. Has $15.50 Million Holdings in ANSYS, Inc. (ANSS)

JPMorgan Chase & Co. raised its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,461 shares of the software maker’s stock after buying an additional 1,948 shares during the period. JPMorgan Chase & Co. owned about 0.15% of ANSYS worth $15,503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. 1st Global Advisors Inc. boosted its position in ANSYS by 0.8% during the second quarter. 1st Global Advisors Inc. now owns 2,364 shares of the software maker’s stock valued at $288,000 after buying an additional 18 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in ANSYS by 7.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 995 shares of the software maker’s stock valued at $121,000 after buying an additional 69 shares during the period. Advisors Asset Management Inc. boosted its position in ANSYS by 0.8% during the second quarter. Advisors Asset Management Inc. now owns 10,105 shares of the software maker’s stock valued at $1,230,000 after buying an additional 77 shares during the period. Pacer Advisors Inc. boosted its position in ANSYS by 7.5% during the second quarter. Pacer Advisors Inc. now owns 1,655 shares of the software maker’s stock valued at $201,000 after buying an additional 116 shares during the period. Finally, BB&T Securities LLC boosted its position in ANSYS by 2.4% during the second quarter. BB&T Securities LLC now owns 6,834 shares of the software maker’s stock valued at $831,000 after buying an additional 158 shares during the period. Institutional investors and hedge funds own 96.67% of the company’s stock.

In related news, VP Mark Hindsbo sold 5,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $151.70, for a total value of $758,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara Vaughn Scherer sold 1,000 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,504 shares of company stock valued at $2,808,608. 1.30% of the stock is owned by insiders.

Several research firms have issued reports on ANSS. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research report on Tuesday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of ANSYS in a report on Friday, November 3rd. Citigroup increased their target price on shares of ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Wedbush reiterated a “neutral” rating and set a $114.00 target price (down from $136.00) on shares of ANSYS in a report on Friday, November 3rd. Finally, Royal Bank of Canada increased their target price on shares of ANSYS from $130.00 to $147.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $128.91.

Shares of ANSYS, Inc. (NASDAQ:ANSS) opened at $147.63 on Wednesday. ANSYS, Inc. has a 1-year low of $91.89 and a 1-year high of $155.14. The firm has a market cap of $12,561.90, a PE ratio of 42.29 and a beta of 1.07.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.10. ANSYS had a net margin of 26.01% and a return on equity of 13.67%. The company had revenue of $276.77 million during the quarter, compared to the consensus estimate of $263.77 million. During the same period in the prior year, the firm earned $0.95 earnings per share. ANSYS’s revenue was up 12.6% on a year-over-year basis. analysts expect that ANSYS, Inc. will post 3.57 EPS for the current fiscal year.

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About ANSYS

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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