Geneva Capital Management LLC Sells 3,744 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Geneva Capital Management LLC decreased its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,634 shares of the software maker’s stock after selling 3,744 shares during the quarter. Geneva Capital Management LLC’s holdings in ANSYS were worth $9,996,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ANSS. Proficio Capital Partners LLC bought a new position in shares of ANSYS during the fourth quarter worth $119,140,000. D1 Capital Partners L.P. bought a new position in shares of ANSYS during 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 worth $1,179,966,000 after acquiring 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 worth $123,217,000 after acquiring 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 worth $150,381,000 after acquiring an additional 47,331 shares during the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Trading Up 1.4 %

Shares of ANSS opened at $327.78 on Thursday. ANSYS, Inc. has a twelve month low of $289.82 and a twelve month high of $363.03. The company has a market cap of $28.73 billion, a P/E ratio of 50.04, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $341.07 and its 200-day simple moving average is $333.76.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results 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 company had revenue of $882.17 million during the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a return on equity of 12.69% and a net margin of 22.62%. As a group, analysts expect that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction dated 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 directly owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Rosenblatt Securities upped their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Finally, Robert W. Baird upped their price target on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

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.