Howland Capital Management LLC Sells 108 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Howland Capital Management LLC decreased its position in ANSYS, Inc. (NASDAQ:ANSS) by 0.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 53,384 shares of the software maker’s stock after selling 108 shares during the period. Howland Capital Management LLC owned about 0.06% of ANSYS worth $18,533,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of ANSYS by 167.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,286,790 shares of the software maker’s stock worth $382,884,000 after purchasing an additional 805,657 shares in the last quarter. Norges Bank bought a new stake in shares of ANSYS during the 4th quarter worth approximately $282,329,000. Alecta Tjanstepension Omsesidigt bought a new stake in shares of ANSYS during the 4th quarter worth approximately $145,144,000. Comerica Bank raised its stake in shares of ANSYS by 1,922.9% during the 3rd quarter. Comerica Bank now owns 329,577 shares of the software maker’s stock worth $98,066,000 after purchasing an additional 313,285 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of ANSYS by 210.1% during the 4th quarter. Point72 Asset Management L.P. now owns 325,000 shares of the software maker’s stock worth $117,936,000 after purchasing an additional 220,200 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Performance

NASDAQ ANSS traded down $3.73 on Thursday, reaching $327.27. The stock had a trading volume of 501,432 shares, compared to its average volume of 611,012. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.80 and a quick ratio of 2.80. The firm has a fifty day moving average of $324.99 and a two-hundred day moving average of $333.95. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a market cap of $28.57 billion, a P/E ratio of 66.47, a price-to-earnings-growth ratio of 7.30 and a beta of 1.11.

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

Insider Activity

In other news, Director Glenda Dorchak sold 159 shares of the company’s stock in a transaction on Monday, July 8th. The stock was 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 directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ANSS. KeyCorp began coverage on ANSYS in a research note on Thursday, June 27th. They set a “sector weight” rating on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $345.00 target price on shares of ANSYS in a report on Friday, May 3rd. Finally, StockNews.com began coverage on ANSYS in a report on Thursday, July 4th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $320.00.

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.