ANSYS, Inc. (NASDAQ:ANSS) Holdings Lessened by Kopion Asset Management LLC

Kopion Asset Management LLC lowered its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,825 shares of the software maker’s stock after selling 507 shares during the quarter. ANSYS accounts for 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 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ANSS. Park Avenue Securities LLC increased its position in ANSYS by 19.7% during the 4th quarter. Park Avenue Securities LLC now owns 5,261 shares of the software maker’s stock worth $1,775,000 after purchasing an additional 865 shares during the period. CCLA Investment Management boosted its position in shares of ANSYS by 11.9% during the 4th quarter. CCLA Investment Management now owns 445,891 shares of the software maker’s stock worth $150,381,000 after purchasing an additional 47,331 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of ANSYS during the 4th quarter worth $255,000. Signal Advisors Wealth LLC lifted its stake in shares of ANSYS by 12.2% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,143 shares of the software maker’s stock valued at $385,000 after purchasing an additional 124 shares during the period. Finally, FNY Investment Advisers LLC boosted its holdings in ANSYS by 78.7% during the fourth quarter. FNY Investment Advisers LLC now owns 6,037 shares of the software maker’s stock worth $2,036,000 after buying an additional 2,659 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ANSS shares. StockNews.com lowered ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Robert W. Baird raised 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 given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $342.50.

ANSYS Trading Up 1.8 %

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

Insiders Place Their Bets

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $336.62, for a total value of $67,324.00. Following the sale, the director now directly owns 3,430 shares of the company’s stock, valued at approximately $1,154,606.60. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.

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.