Geode Capital Management LLC Buys 37,577 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Geode Capital Management LLC lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,305,554 shares of the software maker's stock after acquiring an additional 37,577 shares during the period. Geode Capital Management LLC owned 2.64% of ANSYS worth $732,672,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. DT Investment Partners LLC increased its holdings in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker's stock valued at $29,000 after acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC bought a new stake in ANSYS during the 2nd quarter valued at $32,000. Rothschild Investment LLC acquired a new position in ANSYS during the second quarter worth $38,000. Bangor Savings Bank lifted its stake in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock valued at $44,000 after buying an additional 34 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its holdings in shares of ANSYS by 2,833.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker's stock valued at $56,000 after buying an additional 170 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now directly owns 3,630 shares in the company, valued at $1,138,404.30. The trade was a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

ANSYS Stock Down 0.7 %

NASDAQ:ANSS traded down $2.42 on Thursday, hitting $341.58. The stock had a trading volume of 352,572 shares, compared to its average volume of 525,993. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $364.31. The firm's fifty day simple moving average is $335.29 and its two-hundred day simple moving average is $325.01. The stock has a market cap of $29.87 billion, a P/E ratio of 53.09, a price-to-earnings-growth ratio of 3.91 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ANSS. Robert W. Baird upped their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. StockNews.com upgraded ANSYS from a "hold" rating to a "buy" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, ANSYS has a consensus rating of "Hold" and a consensus target price of $342.50.

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.