Hess (HES) Shareholder Verition Fund Management Decreased Its Position by $799,235 as Market Valuation Rose; Schwartz Investment Counsel Decreased Its Stake in Ansys (ANSS) as Stock Price Rose

May 22, 2018 - By Henry Gaston

ANSYS, Inc. (NASDAQ:ANSS) Logo

Verition Fund Management Llc decreased its stake in Hess Corp (HES) by 68.14% based on its latest 2017Q4 regulatory filing with the SEC. Verition Fund Management Llc sold 17,005 shares as the company’s stock rose 6.08% while stock markets declined. The hedge fund held 7,950 shares of the integrated oil company at the end of 2017Q4, valued at $377,000, down from 24,955 at the end of the previous reported quarter. Verition Fund Management Llc who had been investing in Hess Corp for a number of months, seems to be less bullish one the $19.68 billion market cap company. The stock increased 0.46% or $0.3 during the last trading session, reaching $65.57. About 775,773 shares traded. Hess Corporation (NYSE:HES) has risen 8.91% since May 22, 2017 and is uptrending. It has underperformed by 2.64% the S&P500.

Schwartz Investment Counsel Inc decreased its stake in Ansys Inc (ANSS) by 9.71% based on its latest 2017Q4 regulatory filing with the SEC. Schwartz Investment Counsel Inc sold 9,150 shares as the company’s stock rose 7.08% while stock markets declined. The institutional investor held 85,100 shares of the technology company at the end of 2017Q4, valued at $12.56 billion, down from 94,250 at the end of the previous reported quarter. Schwartz Investment Counsel Inc who had been investing in Ansys Inc for a number of months, seems to be less bullish one the $13.78 billion market cap company. The stock decreased 0.33% or $0.54 during the last trading session, reaching $163.98. About 105,711 shares traded. ANSYS, Inc. (NASDAQ:ANSS) has risen 48.65% since May 22, 2017 and is uptrending. It has outperformed by 37.10% the S&P500.

Analysts await Hess Corporation (NYSE:HES) to report earnings on July, 25. They expect $-0.34 earnings per share, up 76.71% or $1.12 from last year’s $-1.46 per share. After $-0.27 actual earnings per share reported by Hess Corporation for the previous quarter, Wall Street now forecasts 25.93% negative EPS growth.

Since February 8, 2018, it had 11 insider purchases, and 15 selling transactions for $8.38 million activity. RIELLY JOHN P sold $150,262 worth of stock. $85,572 worth of stock was sold by Truelove Brian D. on Thursday, February 8. $25,016 worth of Hess Corporation (NYSE:HES) shares were bought by SCHRADER WILLIAM G.. $280,442 worth of Hess Corporation (NYSE:HES) was sold by Hill Gregory P. on Thursday, February 8. Shares for $25,016 were bought by Meyers Kevin Omar. $202,075 worth of stock was sold by Goodell Timothy B. on Thursday, February 8.

Verition Fund Management Llc, which manages about $1.22B and $1.08 billion US Long portfolio, upped its stake in Borgwarner Inc (NYSE:BWA) by 9,843 shares to 34,843 shares, valued at $1.78M in 2017Q4, according to the filing. It also increased its holding in Koninklijke Philips N V (NYSE:PHG) by 13,096 shares in the quarter, for a total of 28,716 shares, and has risen its stake in Carmax Inc (NYSE:KMX).

Investors sentiment increased to 0.94 in Q4 2017. Its up 0.06, from 0.88 in 2017Q3. It increased, as 45 investors sold HES shares while 161 reduced holdings. 63 funds opened positions while 131 raised stakes. 256.03 million shares or 0.61% more from 254.48 million shares in 2017Q3 were reported. Loews reported 0% in Hess Corporation (NYSE:HES). Moreover, Jennison Associate Lc has 0% invested in Hess Corporation (NYSE:HES). Sun Life Fincl invested in 0% or 592 shares. Ubs Asset Mgmt Americas has invested 0.15% in Hess Corporation (NYSE:HES). Texas Permanent School Fund invested 0.04% of its portfolio in Hess Corporation (NYSE:HES). Gp One Trading Ltd Partnership holds 0.01% of its portfolio in Hess Corporation (NYSE:HES) for 29,281 shares. New York State Common Retirement Fund, New York-based fund reported 602,400 shares. Stifel Financial holds 0% of its portfolio in Hess Corporation (NYSE:HES) for 16,681 shares. Commercial Bank Of Nova Scotia reported 42,162 shares. Beck Mack Oliver Lc invested in 0.02% or 10,000 shares. Retirement Sys Of Alabama has 200,641 shares for 0.05% of their portfolio. Deutsche Bancorp Ag accumulated 0.04% or 1.30 million shares. Axa stated it has 1.18 million shares. Sweden-based Nordea Inv Mngmt has invested 0% in Hess Corporation (NYSE:HES). Tiverton Asset Mgmt Ltd Co reported 0.01% of its portfolio in Hess Corporation (NYSE:HES).

Among 23 analysts covering Hess Corp. (NYSE:HES), 8 have Buy rating, 2 Sell and 13 Hold. Therefore 35% are positive. Hess Corp. had 68 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by BMO Capital Markets on Tuesday, July 11. The stock of Hess Corporation (NYSE:HES) earned “Buy” rating by Piper Jaffray on Thursday, October 5. As per Wednesday, April 11, the company rating was maintained by BMO Capital Markets. As per Tuesday, February 6, the company rating was maintained by BMO Capital Markets. The firm has “Neutral” rating by UBS given on Thursday, April 28. J.P. Morgan downgraded the stock to “Sell” rating in Friday, December 15 report. The rating was upgraded by Argus Research on Tuesday, August 18 to “Buy”. The stock of Hess Corporation (NYSE:HES) has “Outperform” rating given on Wednesday, July 22 by Credit Suisse. The stock has “Hold” rating by Cowen & Co on Sunday, August 20. The firm has “Neutral” rating given on Tuesday, January 5 by Citigroup.

Another recent and important Hess Corporation (NYSE:HES) news was published by Seekingalpha.com which published an article titled: “Hess Corporation: Is It Too Late?” on May 21, 2018.

Among 16 analysts covering Ansys Inc. (NASDAQ:ANSS), 4 have Buy rating, 2 Sell and 10 Hold. Therefore 25% are positive. Ansys Inc. had 38 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $147.0 target in Friday, November 3 report. The firm earned “Buy” rating on Monday, August 28 by Robert W. Baird. Goldman Sachs initiated it with “Neutral” rating and $90 target in Thursday, May 26 report. The firm has “Neutral” rating given on Friday, February 24 by Wedbush. The firm has “Buy” rating given on Tuesday, January 30 by Berenberg. The stock of ANSYS, Inc. (NASDAQ:ANSS) has “Hold” rating given on Friday, September 22 by Citigroup. The firm has “Hold” rating by Evercore given on Friday, June 9. Mitsubishi UFJ initiated ANSYS, Inc. (NASDAQ:ANSS) on Tuesday, February 9 with “Overweight” rating. The firm has “Hold” rating given on Friday, September 15 by Needham. MUFG Securities Americas Inc upgraded the shares of ANSS in report on Thursday, May 3 to “Buy” rating.

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.08, from 0.97 in 2017Q3. It fall, as 26 investors sold ANSS shares while 182 reduced holdings. 73 funds opened positions while 113 raised stakes. 77.82 million shares or 1.78% less from 79.23 million shares in 2017Q3 were reported. City Hldg Co owns 0% invested in ANSYS, Inc. (NASDAQ:ANSS) for 94 shares. New York-based Jefferies Gp Limited Co has invested 0% in ANSYS, Inc. (NASDAQ:ANSS). 11,573 were accumulated by First Citizens Retail Bank & Tru Company. Blair William & Il owns 5,260 shares. Axa has invested 0.01% of its portfolio in ANSYS, Inc. (NASDAQ:ANSS). Prudential Public Ltd reported 178,591 shares. Cue Financial Grp Inc Incorporated holds 13,528 shares. Dekabank Deutsche Girozentrale owns 0.02% invested in ANSYS, Inc. (NASDAQ:ANSS) for 23,011 shares. Mackenzie Fincl Corporation reported 29,551 shares or 0.01% of all its holdings. Fdx Advsr Inc has invested 0.08% of its portfolio in ANSYS, Inc. (NASDAQ:ANSS). Carnegie Cap Asset Mgmt Ltd Llc holds 0.82% in ANSYS, Inc. (NASDAQ:ANSS) or 59,764 shares. M&T Comml Bank invested 0.01% of its portfolio in ANSYS, Inc. (NASDAQ:ANSS). Nomura Asset Mngmt Ltd invested 0.02% of its portfolio in ANSYS, Inc. (NASDAQ:ANSS). Fincl Bank owns 3,691 shares for 0.01% of their portfolio. Eulav Asset Management holds 188,926 shares.

Since February 1, 2018, it had 0 buys, and 7 insider sales for $9.19 million activity. $4.06M worth of stock was sold by SHIELDS MARIA T on Thursday, February 1. $4.04M worth of ANSYS, Inc. (NASDAQ:ANSS) was sold by MORLEY BRADFORD C on Wednesday, March 7. CASHMAN JAMES E III sold 862 shares worth $136,196. 1,625 ANSYS, Inc. (NASDAQ:ANSS) shares with value of $263,088 were sold by MAHONEY RICHARD S.. ZACK MATTHEW C. had sold 1,222 shares worth $199,149.

Schwartz Investment Counsel Inc, which manages about $1.74 billion and $1689.15 billion US Long portfolio, upped its stake in Medtronic Plc (NYSE:MDT) by 4,857 shares to 538,764 shares, valued at $43.51 billion in 2017Q4, according to the filing. It also increased its holding in Cisco Sys Inc (NASDAQ:CSCO) by 9,000 shares in the quarter, for a total of 915,000 shares, and has risen its stake in Schlumberger Ltd (NYSE:SLB).

Hess Corporation (NYSE:HES) Institutional Positions Chart

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