BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Stock Holdings in ANSYS, Inc. $ANSS

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 58.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,874 shares of the software maker’s stock after buying an additional 27,586 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in ANSYS were worth $23,707,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Capital Research Global Investors purchased a new position in shares of ANSYS during the 4th quarter worth approximately $695,129,000. GAMMA Investing LLC raised its position in ANSYS by 46,802.3% in the first quarter. GAMMA Investing LLC now owns 727,455 shares of the software maker’s stock valued at $230,283,000 after purchasing an additional 725,904 shares during the period. Vanguard Group Inc. lifted its stake in ANSYS by 2.4% during the first quarter. Vanguard Group Inc. now owns 10,903,178 shares of the software maker’s stock worth $3,451,510,000 after purchasing an additional 259,412 shares in the last quarter. Nuveen LLC purchased a new position in shares of ANSYS during the first quarter worth $81,187,000. Finally, JPMorgan Chase & Co. grew its stake in shares of ANSYS by 82.6% in the first quarter. JPMorgan Chase & Co. now owns 541,546 shares of the software maker’s stock valued at $171,432,000 after buying an additional 244,957 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 analysts recently issued reports on the company. Robert W. Baird set a $396.00 target price on ANSYS in a research note on Monday, July 14th. Wall Street Zen cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Finally, Baird R W lowered shares of ANSYS from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 14th.

ANSYS Stock Performance

NASDAQ:ANSS opened at $374.30 on Monday. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $395.49. The company has a fifty day simple moving average of $362.77 and a two-hundred day simple moving average of $338.94. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12. The company has a market cap of $32.91 billion, a price-to-earnings ratio of 55.53, a price-to-earnings-growth ratio of 4.08 and a beta of 1.19.

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.