Koshinski Asset Management Inc. Takes $1.24 Million Position in ANSYS, Inc. (ANSS)

Koshinski Asset Management Inc. purchased a new position in shares of ANSYS, Inc. (NASDAQ:ANSS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,387 shares of the software maker’s stock, valued at approximately $1,238,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in ANSYS by 21.8% in the 2nd quarter. Vanguard Group Inc. now owns 8,496,114 shares of the software maker’s stock valued at $1,033,807,000 after buying an additional 1,520,201 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of ANSYS in the 2nd quarter valued at $971,000. State Street Corp lifted its stake in shares of ANSYS by 20.9% in the 2nd quarter. State Street Corp now owns 3,512,429 shares of the software maker’s stock valued at $427,401,000 after purchasing an additional 607,765 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of ANSYS by 27.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,050,124 shares of the software maker’s stock valued at $128,883,000 after purchasing an additional 224,640 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of ANSYS by 19.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 994,793 shares of the software maker’s stock valued at $121,046,000 after purchasing an additional 165,174 shares during the last quarter. Hedge funds and other institutional investors own 96.57% of the company’s stock.

ANSYS, Inc. (NASDAQ ANSS) traded up $1.57 during trading hours on Friday, reaching $150.41. The company had a trading volume of 592,399 shares, compared to its average volume of 510,271. The stock has a market cap of $12,510.00, a P/E ratio of 46.36 and a beta of 1.07. ANSYS, Inc. has a 12-month low of $96.02 and a 12-month high of $164.90.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised ANSYS from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Tuesday, November 7th. BidaskClub upgraded ANSYS from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Berenberg Bank upgraded ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Tuesday, January 30th. Citigroup upped their price target on ANSYS from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Finally, Evercore ISI restated a “hold” rating and set a $113.00 price target on shares of ANSYS in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $128.91.

In other ANSYS news, CFO Maria T. Shields sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $162.52, for a total transaction of $4,063,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark Hindsbo sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $151.70, for a total value of $758,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 39,527 shares of company stock valued at $5,123,622 over the last ninety days. 1.30% of the stock is owned by insiders.

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ANSYS Company Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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