Koshinski Asset Management Inc. Cuts Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Koshinski Asset Management Inc. lessened its stake in ANSYS, Inc. (NASDAQ:ANSS) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,623 shares of the software maker’s stock after selling 746 shares during the period. Koshinski Asset Management Inc.’s holdings in ANSYS were worth $2,409,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in ANSYS by 0.5% in the 4th quarter. BlackRock Inc. now owns 7,452,280 shares of the software maker’s stock worth $2,711,141,000 after buying an additional 34,336 shares in the last quarter. Aristotle Capital Management LLC lifted its holdings in shares of ANSYS by 2.3% in the 4th quarter. Aristotle Capital Management LLC now owns 4,067,002 shares of the software maker’s stock worth $1,479,575,000 after acquiring an additional 92,049 shares during the last quarter. FMR LLC lifted its holdings in shares of ANSYS by 0.9% in the 4th quarter. FMR LLC now owns 3,085,141 shares of the software maker’s stock worth $1,122,375,000 after acquiring an additional 26,913 shares during the last quarter. Ownership Capital B.V. lifted its holdings in shares of ANSYS by 28.2% in the 4th quarter. Ownership Capital B.V. now owns 1,391,636 shares of the software maker’s stock worth $126,959,000 after acquiring an additional 306,306 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of ANSYS by 12.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,262,955 shares of the software maker’s stock worth $459,462,000 after acquiring an additional 142,324 shares during the last quarter. 89.44% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on ANSS shares. Royal Bank of Canada lowered their price objective on shares of ANSYS from $400.00 to $380.00 and set a “sector perform” rating for the company in a report on Thursday, March 4th. Zacks Investment Research lowered shares of ANSYS from a “hold” rating to a “strong sell” rating and set a $286.00 price objective for the company. in a report on Thursday, March 4th. Finally, Credit Suisse Group lowered their price objective on shares of ANSYS from $413.00 to $392.00 and set an “outperform” rating for the company in a report on Thursday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. ANSYS currently has an average rating of “Hold” and an average price target of $323.63.

NASDAQ:ANSS opened at $355.34 on Thursday. The company has a fifty day moving average of $341.43 and a 200 day moving average of $344.24. ANSYS, Inc. has a 52 week low of $234.21 and a 52 week high of $413.19. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $30.96 billion, a P/E ratio of 80.39 and a beta of 1.23.

ANSYS (NASDAQ:ANSS) last posted its quarterly earnings results on Tuesday, February 23rd. The software maker reported $2.96 EPS for the quarter, beating the Zacks’ consensus estimate of $2.54 by $0.42. ANSYS had a net margin of 24.88% and a return on equity of 12.09%. The company had revenue of $627.77 million during the quarter, compared to analyst estimates of $564.55 million. During the same period in the prior year, the business posted $2.24 EPS. As a group, analysts anticipate that ANSYS, Inc. will post 4.95 EPS for the current year.

In other ANSYS news, SVP Shane Emswiler sold 5,549 shares of the company’s stock in a transaction on Friday, February 19th. The shares were sold at an average price of $392.69, for a total value of $2,179,036.81. Following the completion of the transaction, the senior vice president now directly owns 27,746 shares in the company, valued at approximately $10,895,576.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Richard S. Mahoney sold 3,224 shares of the company’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $409.00, for a total transaction of $1,318,616.00. Following the completion of the transaction, the senior vice president now owns 42,411 shares of the company’s stock, valued at $17,346,099. The disclosure for this sale can be found here. Insiders have sold a total of 13,157 shares of company stock valued at $4,873,228 over the last quarter. 0.58% of the stock is currently owned by company insiders.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which its engineering simulation technologies are built; multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; high-performance computing product suite, which delivers cross-physics parallel processing capabilities for simulation software; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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