Geneva Capital Management LLC Sells 3,187 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Geneva Capital Management LLC cut its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,598 shares of the software maker’s stock after selling 3,187 shares during the period. Geneva Capital Management LLC owned approximately 0.11% of ANSYS worth $33,239,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ANSS. Commonwealth Equity Services LLC boosted its stake in ANSYS by 13.2% during the third quarter. Commonwealth Equity Services LLC now owns 5,821 shares of the software maker’s stock valued at $1,732,000 after buying an additional 678 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of ANSYS by 57.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,132 shares of the software maker’s stock valued at $932,000 after purchasing an additional 1,145 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of ANSYS by 87.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 19,384 shares of the software maker’s stock valued at $5,768,000 after purchasing an additional 9,030 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of ANSYS by 18.1% in the 3rd quarter. Lindbrook Capital LLC now owns 241 shares of the software maker’s stock valued at $72,000 after purchasing an additional 37 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of ANSYS by 6.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,036 shares of the software maker’s stock valued at $606,000 after purchasing an additional 115 shares during the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Performance

Shares of ANSS stock traded up $0.29 on Thursday, hitting $327.25. The company had a trading volume of 196,812 shares, compared to its average volume of 658,608. The firm has a market cap of $28.57 billion, a P/E ratio of 65.71, a price-to-earnings-growth ratio of 5.01 and a beta of 1.16. The company has a 50-day moving average price of $334.80 and a 200-day moving average price of $323.18. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.14. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.54). The company had revenue of $466.60 million during the quarter, compared to analyst estimates of $549.85 million. ANSYS had a net margin of 19.51% and a return on equity of 10.45%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. As a group, equities research analysts predict that ANSYS, Inc. will post 7.39 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares in the company, valued at approximately $1,043,001.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

ANSS has been the subject of a number of research analyst reports. Wolfe Research reissued a “peer perform” rating on shares of ANSYS in a research note on Wednesday, January 17th. Mizuho reduced their price objective on ANSYS from $350.00 to $330.00 and set a “neutral” rating on the stock in a report on Wednesday, January 17th. StockNews.com initiated coverage on ANSYS in a report on Thursday. They set a “hold” rating on the stock. Barclays raised their price objective on ANSYS from $314.00 to $340.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $345.00 price target on shares of ANSYS in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, ANSYS has an average rating of “Hold” and an average target price of $320.00.

About ANSYS

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.