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

Headlands Technologies LLC boosted its position in ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 32.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,240 shares of the software maker's stock after buying an additional 3,215 shares during the quarter. Headlands Technologies LLC's holdings in ANSYS were worth $4,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. grew its position in ANSYS by 2.6% during the second quarter. Coldstream Capital Management Inc. now owns 1,955 shares of the software maker's stock worth $629,000 after buying an additional 49 shares in the last quarter. Malaga Cove Capital LLC lifted its stake in shares of ANSYS by 39.7% in the 2nd quarter. Malaga Cove Capital LLC now owns 1,164 shares of the software maker's stock valued at $374,000 after acquiring an additional 331 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of ANSYS by 9.2% during the second quarter. Daiwa Securities Group Inc. now owns 14,471 shares of the software maker's stock valued at $4,652,000 after purchasing an additional 1,223 shares during the period. Dorsey & Whitney Trust CO LLC bought a new stake in ANSYS in the 2nd quarter worth $211,000. Finally, Cowen AND Company LLC grew its stake in shares of ANSYS by 100.0% in the second quarter. Cowen AND Company LLC now owns 10,000 shares of the software maker's stock worth $3,215,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. KeyCorp initiated coverage on ANSYS in a report on Thursday, June 27th. They set a "sector weight" rating on the stock. Rosenblatt Securities reduced their price target on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. Finally, StockNews.com began coverage on ANSYS in a research report on Friday. They issued a "hold" rating for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, ANSYS presently has an average rating of "Hold" and an average price target of $318.33.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 159 shares of the company's 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 completion of the sale, the director now owns 3,782 shares of the company's stock, valued at $1,251,123.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by company insiders.

ANSYS Stock Down 0.3 %

Shares of ANSS stock traded down $0.78 during mid-day trading on Tuesday, hitting $308.92. The stock had a trading volume of 398,317 shares, compared to its average volume of 559,182. The firm has a market capitalization of $26.97 billion, a P/E ratio of 62.03, a price-to-earnings-growth ratio of 6.54 and a beta of 1.12. The firm's 50-day moving average is $317.35 and its two-hundred day moving average is $325.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. ANSYS, Inc. has a 12-month low of $258.01 and a 12-month high of $364.31.

ANSYS (NASDAQ:ANSS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.58. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. The business had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. During the same period in the prior year, the firm posted $1.06 earnings per share. The business's quarterly revenue was up 19.6% on a year-over-year basis. On average, analysts predict that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

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.