Geode Capital Management LLC Purchases 58,190 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Geode Capital Management LLC raised its position in ANSYS, Inc. (NASDAQ:ANSS) by 2.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,363,744 shares of the software maker’s stock after acquiring an additional 58,190 shares during the quarter. Geode Capital Management LLC’s holdings in ANSYS were worth $796,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ANSS. Ameliora Wealth Management Ltd. acquired a new stake in shares of ANSYS in the 4th quarter worth $27,000. Assetmark Inc. boosted its holdings in ANSYS by 468.2% in the fourth quarter. Assetmark Inc. now owns 125 shares of the software maker’s stock worth $42,000 after acquiring an additional 103 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of ANSYS during the fourth quarter worth about $42,000. SBI Securities Co. Ltd. acquired a new position in shares of ANSYS during the fourth quarter valued at about $47,000. Finally, Allworth Financial LP raised its position in shares of ANSYS by 33.7% in the 4th quarter. Allworth Financial LP now owns 258 shares of the software maker’s stock valued at $92,000 after purchasing an additional 65 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Trading Up 0.0 %

Shares of NASDAQ:ANSS opened at $320.91 on Thursday. The business has a 50-day moving average price of $333.11 and a 200-day moving average price of $334.36. The stock has a market cap of $28.13 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 3.48 and a beta of 1.11. ANSYS, Inc. has a 52-week low of $289.82 and a 52-week 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) last announced its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.32). The business had revenue of $882.17 million for 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%. Equities analysts predict that ANSYS, Inc. will post 8.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ANSS. Rosenblatt Securities boosted their target price on shares of ANSYS from $335.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of ANSYS stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by insiders.

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.