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.
WARNING: This article was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://ledgergazette.com/2018/02/10/8387-shares-in-ansys-inc-anss-acquired-by-koshinski-asset-management-inc.html.
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.
Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.