Howland Capital Management LLC Sells 969 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Howland Capital Management LLC trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,787 shares of the software maker's stock after selling 969 shares during the period. Howland Capital Management LLC's holdings in ANSYS were worth $10,048,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Stock Yards Bank & Trust Co. increased its stake in ANSYS by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock valued at $767,000 after acquiring an additional 30 shares during the last quarter. Greenleaf Trust increased its stake in ANSYS by 0.9% in the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock valued at $1,232,000 after acquiring an additional 32 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in ANSYS by 0.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock valued at $1,473,000 after acquiring an additional 34 shares during the last quarter. BTC Capital Management Inc. boosted its position in ANSYS by 2.5% in the fourth quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock valued at $506,000 after buying an additional 36 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in ANSYS by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 1,285 shares of the software maker's stock valued at $409,000 after buying an additional 37 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 200 shares of the stock in a transaction that occurred 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 transaction, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.46% of the stock is owned by corporate insiders.

ANSYS Trading Down 2.1 %

Shares of ANSYS stock traded down $7.31 on Wednesday, reaching $334.12. 461,232 shares of the company's stock were exchanged, compared to its average volume of 467,219. The company has a market capitalization of $29.22 billion, a P/E ratio of 51.56, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week high of $363.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. The firm's 50-day moving average is $343.85 and its two-hundred day moving average is $331.33.

Analyst Ratings Changes

A number of analysts have weighed in on ANSS shares. StockNews.com lowered shares of ANSYS from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Robert W. Baird raised their target price on shares of ANSYS from $350.00 to $365.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, ANSYS currently has a consensus rating of "Hold" and an average target price of $346.67.

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.