Headlands Technologies LLC Sells 5,273 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Headlands Technologies LLC decreased its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 54.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ANSS. Geode Capital Management LLC lifted its stake in shares of ANSYS by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 2,363,744 shares of the software maker’s stock worth $796,033,000 after buying an additional 58,190 shares in the last quarter. National Bank of Canada FI grew its stake in shares of ANSYS by 69.4% during the 4th quarter. National Bank of Canada FI now owns 244,390 shares of the software maker’s stock valued at $82,440,000 after acquiring an additional 100,111 shares during the period. Wellington Management Group LLP lifted its stake in shares of ANSYS by 27.5% during the 4th quarter. Wellington Management Group LLP now owns 3,721 shares of the software maker’s stock valued at $1,255,000 after buying an additional 803 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of ANSYS by 21.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,862 shares of the software maker’s stock worth $1,640,000 after acquiring an additional 861 shares during the period. Finally, Allianz SE bought a new stake in shares of ANSYS during the fourth quarter valued at approximately $1,556,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were 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 owns 3,430 shares in the company, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on ANSS shares. StockNews.com downgraded shares of ANSYS from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Rosenblatt Securities increased their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st.

ANSYS Price Performance

ANSS stock opened at $320.79 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01. ANSYS, Inc. has a 1 year low of $289.82 and a 1 year high of $363.03. The business has a 50 day simple moving average of $333.83 and a 200-day simple moving average of $334.45. The firm has a market capitalization of $28.12 billion, a PE ratio of 48.98, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.32). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. Equities research analysts anticipate that ANSYS, Inc. will post 8.32 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.