Geode Capital Management LLC Grows Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Geode Capital Management LLC boosted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,363,744 shares of the software maker’s stock after buying an additional 58,190 shares during the quarter. Geode Capital Management LLC owned 2.70% of ANSYS worth $796,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Stock Yards Bank & Trust Co. boosted its stake in shares of ANSYS by 1.3% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker’s stock worth $767,000 after purchasing an additional 30 shares during the period. Greenleaf Trust boosted its position in shares of ANSYS by 0.9% during the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker’s stock valued at $1,232,000 after buying an additional 32 shares during the period. Koshinski Asset Management Inc. grew its stake in shares of ANSYS by 0.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker’s stock valued at $1,473,000 after buying an additional 34 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of ANSYS by 2.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker’s stock worth $438,000 after buying an additional 35 shares during the period. Finally, BTC Capital Management Inc. lifted its stake in shares of ANSYS by 2.5% during the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker’s stock worth $506,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Trading Up 0.0 %

ANSS opened at $320.91 on Thursday. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a market capitalization of $28.13 billion, a P/E ratio of 48.99, a PEG ratio of 3.48 and a beta of 1.11. The stock’s fifty day moving average is $333.11 and its two-hundred day moving average is $334.36. 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 released its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The firm had revenue of $882.17 million during the quarter, compared to the consensus estimate of $864.46 million. Analysts forecast that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on ANSS. Rosenblatt Securities upped their price objective on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.

Insider Activity

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on 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 sale, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.46% of the company’s stock.

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.