ANSYS, Inc. (NASDAQ:ANSS) Shares Sold by Koshinski Asset Management Inc.

by · The Cerbat Gem

Koshinski Asset Management Inc. cut its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS – Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,333 shares of the software maker’s stock after selling 87 shares during the period. Koshinski Asset Management Inc.’s holdings in ANSYS were worth $1,381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swedbank AB bought a new position in shares of ANSYS in the first quarter worth $128,089,000. M&G Plc bought a new position in ANSYS in the 1st quarter valued at about $115,922,000. Magnetar Financial LLC acquired a new position in ANSYS during the 1st quarter valued at about $72,797,000. Matrix Capital Management Company LP bought a new stake in shares of ANSYS during the 1st quarter worth about $50,338,000. Finally, Vanguard Group Inc. raised its holdings in ANSYS by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 10,161,057 shares of the software maker’s stock worth $3,687,244,000 after purchasing an additional 132,206 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Performance

Shares of ANSS stock opened at $330.03 on Monday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The stock’s fifty day simple moving average is $317.55 and its 200-day simple moving average is $323.01. The company has a market capitalization of $28.81 billion, a price-to-earnings ratio of 66.27, a P/E/G ratio of 6.99 and a beta of 1.11.

ANSYS (NASDAQ:ANSS – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The firm had revenue of $594.14 million for the quarter, compared to the consensus estimate of $550.30 million. ANSYS had a net margin of 21.30% and a return on equity of 11.51%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. On average, sell-side analysts predict that ANSYS, Inc. will post 7.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ANSS shares. Rosenblatt Securities decreased their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. KeyCorp assumed coverage on shares of ANSYS in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Finally, StockNews.com assumed coverage on shares of ANSYS in a research note on Sunday, September 22nd. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $318.33.

Get Our Latest Report on ANSS

Insider Activity at ANSYS

In other ANSYS news, Director Glenda Dorchak sold 152 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the sale, the director now owns 3,630 shares of the company’s stock, valued at $1,138,404.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.46% of the company’s stock.

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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