ANSYS, Inc. (NASDAQ:ANSS) Position Lowered by Kopion Asset Management LLC

Kopion Asset Management LLC decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 2.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,825 shares of the software maker’s stock after selling 507 shares during the quarter. ANSYS accounts for approximately 5.4% of Kopion Asset Management LLC’s investment portfolio, making the stock its 8th largest holding. Kopion Asset Management LLC’s holdings in ANSYS were worth $7,700,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Bangor Savings Bank boosted its position in ANSYS by 32.7% during the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after purchasing an additional 34 shares during the period. DiNuzzo Private Wealth Inc. boosted its position in shares of ANSYS by 2,833.3% in the third quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock worth $56,000 after buying an additional 170 shares during the period. Intact Investment Management Inc. acquired a new stake in shares of ANSYS in the third quarter valued at about $70,000. Brooklyn Investment Group purchased a new stake in shares of ANSYS during the 3rd quarter valued at about $119,000. Finally, Asset Dedication LLC boosted its holdings in ANSYS by 35.1% in the 3rd quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after acquiring an additional 100 shares during the period. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on ANSS shares. StockNews.com cut ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird upped their price target on ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, ANSYS has a consensus rating of “Hold” and a consensus target price of $342.50.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company’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 of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.46% of the stock is currently owned by company insiders.

ANSYS Stock Performance

Shares of ANSS traded up $6.16 during midday trading on Wednesday, hitting $345.74. 42,135 shares of the stock traded hands, compared to its average volume of 433,971. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.11 and a current ratio of 3.11. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The business’s 50 day moving average price is $342.54 and its two-hundred day moving average price is $327.69. The firm has a market capitalization of $30.23 billion, a PE ratio of 53.35, a price-to-earnings-growth ratio of 3.89 and a beta of 1.11.

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.