Headlands Technologies LLC Lowers Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Headlands Technologies LLC lowered its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 54.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,353 shares of the software maker's stock after selling 5,273 shares during the period. Headlands Technologies LLC's holdings in ANSYS were worth $1,468,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Stock Yards Bank & Trust Co. raised its holdings in ANSYS by 1.3% in 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 raised its stake in shares of ANSYS by 0.9% during the 4th quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock worth $1,232,000 after buying an additional 32 shares during the period. Koshinski Asset Management Inc. raised its stake in shares of ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock worth $1,473,000 after buying an additional 34 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of ANSYS by 2.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,298 shares of the software maker's stock valued at $438,000 after buying an additional 35 shares in the last quarter. Finally, BTC Capital Management Inc. grew its stake in ANSYS by 2.5% in the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock valued at $506,000 after acquiring an additional 36 shares during the period. 92.39% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

ANSYS Price Performance

Shares of ANSS traded down $23.60 during trading hours on Friday, hitting $286.85. 1,315,228 shares of the stock were exchanged, compared to its average volume of 461,859. The stock's 50-day moving average price is $330.70 and its two-hundred day moving average price is $334.09. ANSYS, Inc. has a 12-month low of $285.93 and a 12-month high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market cap of $25.14 billion, a price-to-earnings ratio of 43.79, a price-to-earnings-growth ratio of 3.48 and a beta of 1.20.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, February 19th. The software maker reported $3.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.97 by ($0.32). The business had revenue of $882.17 million for 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%. Research analysts expect that ANSYS, Inc. will post 8.32 earnings per share for the current year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the sale, the director now directly owns 3,430 shares of the company's stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ANSS shares. StockNews.com cut shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Rosenblatt Securities upped their price target 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.

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.