Howland Capital Management LLC Has $10.05 Million Stock Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Howland Capital Management LLC cut its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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.

Several other large investors have also recently bought and sold shares of the business. Apollon Wealth Management LLC raised its position in ANSYS by 17.6% during the fourth quarter. Apollon Wealth Management LLC now owns 1,279 shares of the software maker’s stock valued at $431,000 after buying an additional 191 shares during the period. Ameliora Wealth Management Ltd. acquired a new position in ANSYS during the fourth quarter valued at $27,000. Sumitomo Mitsui Trust Group Inc. raised its position in ANSYS by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 525,565 shares of the software maker’s stock valued at $177,289,000 after buying an additional 6,786 shares during the period. Strategic Financial Concepts LLC acquired a new position in ANSYS during the fourth quarter valued at $5,576,000. Finally, Bleakley Financial Group LLC raised its position in ANSYS by 4.7% during the fourth quarter. Bleakley Financial Group LLC now owns 1,928 shares of the software maker’s stock valued at $650,000 after buying an additional 87 shares during the period. 92.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ANSYS

In related 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 transaction 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 represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ANSS has been the topic of several recent analyst reports. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Robert W. Baird boosted their target price on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, ANSYS has a consensus rating of “Hold” and an average target price of $346.67.

ANSYS Stock Performance

ANSS opened at $344.86 on Friday. The company has a market cap of $30.16 billion, a PE ratio of 53.22, a price-to-earnings-growth ratio of 3.61 and a beta of 1.12. The stock has a 50-day moving average of $344.21 and a 200-day moving average of $330.69. 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.

About ANSYS

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.