Kopion Asset Management LLC Sells 529 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Kopion Asset Management LLC decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 3.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 14,185 shares of the software maker’s stock after selling 529 shares during the period. ANSYS comprises about 4.0% of Kopion Asset Management LLC’s holdings, making the stock its 15th largest holding. Kopion Asset Management LLC’s holdings in ANSYS were worth $4,685,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State of Michigan Retirement System grew its holdings in ANSYS by 0.8% in the first quarter. State of Michigan Retirement System now owns 23,911 shares of the software maker’s stock worth $7,958,000 after purchasing an additional 200 shares during the period. Aureus Asset Management LLC purchased a new position in ANSYS during the first quarter valued at $233,000. AE Wealth Management LLC boosted its holdings in ANSYS by 6.1% in the first quarter. AE Wealth Management LLC now owns 2,969 shares of the software maker’s stock worth $988,000 after acquiring an additional 172 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of ANSYS in the fourth quarter worth $149,000. Finally, Balentine LLC increased its holdings in shares of ANSYS by 4.6% during the first quarter. Balentine LLC now owns 1,874 shares of the software maker’s stock valued at $624,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 90.21% of the company’s stock.

Analyst Ratings Changes

ANSS has been the topic of several recent analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $320.00 price objective on shares of ANSYS in a research report on Friday, August 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $310.00 price target on shares of ANSYS in a research report on Friday, August 4th. Barclays upped their price objective on ANSYS from $292.00 to $303.00 and gave the company an “underweight” rating in a research report on Friday, July 14th. TheStreet cut ANSYS from a “b-” rating to a “c+” rating in a research note on Tuesday, August 22nd. Finally, StockNews.com assumed coverage on ANSYS in a research report on Thursday, August 17th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $317.45.

Insider Activity at ANSYS

In other ANSYS news, CEO Ajei Gopal sold 13,262 shares of ANSYS stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $350.04, for a total transaction of $4,642,230.48. Following the transaction, the chief executive officer now owns 213,977 shares of the company’s stock, valued at $74,900,509.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other ANSYS news, CEO Ajei Gopal sold 13,262 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $350.04, for a total transaction of $4,642,230.48. Following the sale, the chief executive officer now directly owns 213,977 shares of the company’s stock, valued at $74,900,509.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $298.99, for a total value of $59,798.00. Following the completion of the transaction, the director now directly owns 3,621 shares of the company’s stock, valued at approximately $1,082,642.79. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.

ANSYS Stock Performance

NASDAQ ANSS traded down $7.26 during trading hours on Friday, hitting $310.72. 823,093 shares of the company’s stock traded hands, compared to its average volume of 477,202. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.15. ANSYS, Inc. has a 52 week low of $194.23 and a 52 week high of $351.23. The firm has a market capitalization of $26.97 billion, a P/E ratio of 51.79, a P/E/G ratio of 5.83 and a beta of 1.24. The business’s fifty day moving average price is $319.17 and its two-hundred day moving average price is $316.85.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported $1.60 EPS for the quarter, topping the consensus estimate of $1.49 by $0.11. ANSYS had a return on equity of 11.83% and a net margin of 24.12%. The firm had revenue of $496.60 million during the quarter, compared to analyst estimates of $490.05 million. During the same period in the prior year, the business posted $1.39 EPS. ANSYS’s revenue was up 4.8% on a year-over-year basis. Equities research analysts predict that ANSYS, Inc. will post 6.61 EPS for the current year.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. It offers ANSYS Workbench, a framework upon which its multiphysics engineering simulation technologies are built and enables engineers to simulate the interactions between structures, heat transfer, fluids, electronics, and optical elements in a unified engineering simulation environment; high-performance computing product suite and the cloud; power analysis and optimization software suite that manages the power budget, power delivery integrity, and power-induced noise in an electronic design; and structural analysis product suite that provides simulation tools for product design and optimization.