Geneva Capital Management LLC Lowers Position in ANSYS, Inc. (NASDAQ:ANSS)

Geneva Capital Management LLC lessened its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,634 shares of the software maker's stock after selling 3,744 shares during the period. Geneva Capital Management LLC's holdings in ANSYS were worth $9,996,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ANSS. Proficio Capital Partners LLC bought a new position in ANSYS in the 4th quarter valued at approximately $119,140,000. D1 Capital Partners L.P. purchased a new position in shares of ANSYS in the third quarter worth $73,345,000. State Street Corp boosted its position in shares of ANSYS by 3.0% during 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 buying an additional 106,187 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of ANSYS by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker's stock valued at $123,217,000 after buying an additional 100,042 shares during the last quarter. Finally, CCLA Investment Management boosted its position in shares of ANSYS by 11.9% during the fourth quarter. CCLA Investment Management now owns 445,891 shares of the software maker's stock valued at $150,381,000 after buying an additional 47,331 shares during the last quarter. Institutional investors own 92.39% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on ANSS. StockNews.com raised shares of ANSYS from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Rosenblatt Securities lifted their price objective on ANSYS from $335.00 to $340.00 and gave the stock a "neutral" rating in a report on Friday, February 21st.

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Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS 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 transaction, the director now owns 3,430 shares of the company's stock, valued at $1,154,606.60. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by corporate insiders.

ANSYS Stock Performance

ANSS traded down $6.90 during trading on Monday, hitting $318.71. The company's stock had a trading volume of 632,504 shares, compared to its average volume of 427,771. The business's 50 day simple moving average is $340.49 and its 200-day simple moving average is $333.76. The firm has a market cap of $27.94 billion, a PE ratio of 48.66, a P/E/G ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a one year low of $289.82 and a one year high of $363.03. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last announced 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 return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. As a group, sell-side analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

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.