Geneva Capital Management LLC Reduces Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Geneva Capital Management LLC cut its stake in ANSYS, Inc. (NASDAQ:ANSS) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,883 shares of the software maker’s stock after selling 1,715 shares during the period. Geneva Capital Management LLC owned 0.10% of ANSYS worth $31,204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Wedmont Private Capital grew its holdings in shares of ANSYS by 1.3% during the first quarter. Wedmont Private Capital now owns 2,260 shares of the software maker’s stock valued at $779,000 after buying an additional 30 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of ANSYS by 3.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 897 shares of the software maker’s stock worth $311,000 after purchasing an additional 32 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of ANSYS by 1.2% during the fourth quarter. Ieq Capital LLC now owns 2,853 shares of the software maker’s stock worth $1,035,000 after purchasing an additional 34 shares during the period. Personal CFO Solutions LLC increased its holdings in ANSYS by 2.6% in the 4th quarter. Personal CFO Solutions LLC now owns 1,359 shares of the software maker’s stock worth $493,000 after buying an additional 34 shares during the period. Finally, Verdence Capital Advisors LLC raised its position in ANSYS by 1.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 2,071 shares of the software maker’s stock worth $752,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Analyst Upgrades and Downgrades

ANSS has been the subject of a number of research reports. StockNews.com began coverage on shares of ANSYS in a research report on Thursday, July 4th. They set a “hold” rating for the company. KeyCorp began coverage on ANSYS in a report on Thursday, June 27th. They set a “sector weight” rating on the stock. Finally, Rosenblatt Securities reissued 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, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $320.00.

ANSYS Price Performance

ANSYS stock traded down $3.73 during trading on Thursday, reaching $327.27. The company had a trading volume of 501,426 shares, compared to its average volume of 611,012. The firm has a market capitalization of $28.57 billion, a PE ratio of 66.47, a price-to-earnings-growth ratio of 7.30 and a beta of 1.11. The firm’s 50-day simple moving average is $324.99 and its 200 day simple moving average is $333.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.80 and a current ratio of 2.80. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.54). ANSYS had a return on equity of 10.45% and a net margin of 19.51%. The company had revenue of $466.60 million for the quarter, compared to analyst estimates of $549.85 million. During the same quarter last year, the company earned $1.45 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities research analysts anticipate that ANSYS, Inc. will post 7.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 159 shares of ANSYS stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the sale, the director now owns 3,782 shares of the company’s stock, valued at approximately $1,251,123.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.46% of the stock is owned by company insiders.

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.