Koshinski Asset Management Inc. Increases Stake in ANSYS, Inc. (NASDAQ:ANSS)

Koshinski Asset Management Inc. lifted its stake in shares of ANSYS, Inc. (NASDAQ:ANSSFree Report) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,710 shares of the software maker’s stock after acquiring an additional 844 shares during the period. Koshinski Asset Management Inc.’s holdings in ANSYS were worth $2,072,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. CVA Family Office LLC purchased a new position in ANSYS in the fourth quarter valued at approximately $28,000. Raleigh Capital Management Inc. raised its holdings in ANSYS by 135.7% in the third quarter. Raleigh Capital Management Inc. now owns 99 shares of the software maker’s stock valued at $29,000 after buying an additional 57 shares during the period. KB Financial Partners LLC raised its holdings in ANSYS by 854.5% in the second quarter. KB Financial Partners LLC now owns 105 shares of the software maker’s stock valued at $35,000 after buying an additional 94 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in ANSYS in the fourth quarter valued at approximately $47,000. Finally, Cornerstone Planning Group LLC purchased a new position in ANSYS in the second quarter valued at approximately $50,000. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on ANSS shares. Wolfe Research restated a “peer perform” rating on shares of ANSYS in a report on Wednesday, January 17th. StockNews.com started coverage on shares of ANSYS in a research report on Sunday, April 7th. They issued a “hold” rating for the company. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $345.00 price objective on shares of ANSYS in a research report on Tuesday, March 5th. Mizuho lowered their price objective on shares of ANSYS from $350.00 to $330.00 and set a “neutral” rating for the company in a research report on Wednesday, January 17th. Finally, Barclays increased their price objective on shares of ANSYS from $314.00 to $340.00 and gave the company an “underweight” rating in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $322.75.

Read Our Latest Stock Analysis on ANSS

ANSYS Stock Down 1.7 %

ANSS stock opened at $334.20 on Friday. ANSYS, Inc. has a twelve month low of $258.01 and a twelve month high of $364.31. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $29.18 billion, a P/E ratio of 58.32, a PEG ratio of 5.37 and a beta of 1.16. The firm has a 50 day simple moving average of $338.55 and a 200-day simple moving average of $319.34.

ANSYS (NASDAQ:ANSSGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.23. ANSYS had a net margin of 22.05% and a return on equity of 11.83%. The business had revenue of $805.10 million during the quarter, compared to the consensus estimate of $797.49 million. During the same quarter last year, the company earned $2.61 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts predict that ANSYS, Inc. will post 7.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ANSYS news, Director Glenda Dorchak sold 150 shares of ANSYS stock in a transaction on Monday, April 8th. The shares were sold at an average price of $342.08, for a total value of $51,312.00. Following the completion of the transaction, the director now owns 3,049 shares of the company’s stock, valued at $1,043,001.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

About ANSYS

(Free Report)

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.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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