Kopion Asset Management LLC Sells 977 Shares of ANSYS, Inc. (NASDAQ:ANSS)

Kopion Asset Management LLC lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 4.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,848 shares of the software maker's stock after selling 977 shares during the period. ANSYS comprises about 5.4% of Kopion Asset Management LLC's portfolio, making the stock its 10th biggest holding. Kopion Asset Management LLC's holdings in ANSYS were worth $6,916,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ANSS. Alpine Associates Management Inc. boosted its position in ANSYS by 8.2% in the fourth quarter. Alpine Associates Management Inc. now owns 443,583 shares of the software maker's stock valued at $149,634,000 after buying an additional 33,600 shares in the last quarter. Magnetar Financial LLC lifted its stake in shares of ANSYS by 0.8% in the 4th quarter. Magnetar Financial LLC now owns 219,625 shares of the software maker's stock valued at $74,086,000 after acquiring an additional 1,824 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of ANSYS by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 8,288 shares of the software maker's stock valued at $2,796,000 after acquiring an additional 2,621 shares in the last quarter. Prudential PLC grew its position in ANSYS by 5.9% during the 4th quarter. Prudential PLC now owns 37,833 shares of the software maker's stock worth $12,762,000 after acquiring an additional 2,122 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in ANSYS in the 4th quarter worth about $1,272,000. Institutional investors and hedge funds own 92.39% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ANSS shares. Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Rosenblatt Securities raised their price objective on shares of ANSYS from $335.00 to $340.00 and gave the company a "neutral" rating in a report on Friday, February 21st.

ANSYS Trading Up 0.7%

NASDAQ ANSS traded up $2.28 on Tuesday, reaching $334.89. The company had a trading volume of 991,703 shares, compared to its average volume of 519,841. The firm has a market cap of $29.44 billion, a price-to-earnings ratio of 51.13, a P/E/G ratio of 3.48 and a beta of 1.21. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $363.03. The business has a 50 day moving average of $320.65 and a two-hundred day moving average of $332.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.01 and a quick ratio of 3.01.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software maker reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). The company had revenue of $504.89 million during the quarter, compared to the consensus estimate of $516.81 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. Analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

Insider Buying and Selling at ANSYS

In other news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $300.01, for a total value of $60,002.00. Following the transaction, the director now owns 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company's stock.

ANSYS 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.