Geode Capital Management LLC Has $796.03 Million Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Geode Capital Management LLC lifted its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,363,744 shares of the software maker's stock after purchasing an additional 58,190 shares during the quarter. Geode Capital Management LLC owned 2.70% of ANSYS worth $796,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nomura Asset Management Co. Ltd. increased its holdings in ANSYS by 7.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 28,351 shares of the software maker's stock worth $9,033,000 after purchasing an additional 1,914 shares in the last quarter. FNY Investment Advisers LLC grew its holdings in shares of ANSYS by 78.7% during the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker's stock worth $2,036,000 after buying an additional 2,659 shares in the last quarter. JPMorgan Chase & Co. raised its position in ANSYS by 34.9% in the 3rd 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. Oak Thistle LLC acquired a new stake in ANSYS in the 4th quarter valued at approximately $255,000. Finally, Ulland Investment Advisors LLC lifted its stake in ANSYS by 107.6% in the 4th quarter. Ulland Investment Advisors LLC now owns 2,635 shares of the software maker's stock valued at $889,000 after acquiring an additional 1,366 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ANSS shares. Rosenblatt Securities lifted their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.

ANSYS Stock Performance

ANSS stock traded down $2.38 during trading hours on Monday, reaching $284.47. The stock had a trading volume of 442,195 shares, compared to its average volume of 461,912. The stock has a 50-day simple moving average of $330.70 and a 200 day simple moving average of $334.24. ANSYS, Inc. has a fifty-two week low of $274.54 and a fifty-two week high of $363.03. The stock has a market capitalization of $24.93 billion, a PE ratio of 43.09, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.32). The firm had revenue of $882.17 million during the quarter, compared to analyst estimates of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. Analysts predict that ANSYS, Inc. will post 8.32 EPS for the current fiscal year.

ANSYS 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.