Mutual Advisors LLC Announces New $215,000 Investment in ANSYS, Inc. (NASDAQ:ANSS)

January 29, 2025 12:29 AM PST | By Team Kalkine Media

Google News:

Mutual Advisors LLC Announces New $215,000 Investment in ANSYS, Inc. (NASDAQ:ANSS) — Image source: Shutterstock

Recent News

Kalkine Valens Semiconductor Joins NYSE Composite Amid Rising Sector A...

Kalkine FinVolution Group’s Role in the NYSE Composite Landscape

CoreCard Co. Listed in Russell 1000 Index by Kalkine

S&P 500 Chart with Kalkine Key Trends and Market Movements

Headlines

Institutional investors are increasing their positions in ANSYS, Inc., highlighting confidence in its long-term prospects.

The stock remains stable with a 1.5% rise, despite varied market assessments.

Insider transactions reflect selective selling while maintaining ownership stakes.

Institutional interest in ANSYS, Inc. (NASDAQ:ANSS) remains strong, as recent filings indicate continued stake adjustments. Mutual Advisors LLC recently acquired 625 shares worth approximately $215,000 in the fourth quarter, signaling growing confidence in the company's trajectory.

Other institutional investors have also adjusted their positions. Bangor Savings Bank increased its stake by 32.7% in the third quarter, now holding 138 shares valued at $44,000. Koshinski Asset Management Inc. made a modest 0.8% increase in the fourth quarter, reaching 4,367 shares valued at $1,473,000. OneDigital Investment Advisors LLC and Mirador Capital Partners LP followed with respective increases of 3.0% and 1.9%.

ANSYS stock opened at $350.23 on Wednesday, showing steady movement. Despite mixed market assessments, the company maintains a market cap of $30.63 billion and a price-to-earnings ratio of 54.05. Its strong financial standing is backed by a quick ratio and current ratio of 3.11, reinforcing stability.

On the corporate side, insider transactions have reflected targeted selling. Director Glenda Dorchak sold 200 shares at an average price of $336.62, reducing her stake by 5.51%. Despite this, insiders still own 0.46% of the company’s stock, indicating sustained engagement.

ANSYS is recognized for its advanced engineering simulation software, serving a global customer base of engineers, designers, and researchers. Its product lineup, including Ansys Mechanical and LS-DYNA solver, plays a crucial role in industries that require precise simulation and optimization tools.

With steady institutional investment and a strong product portfolio, ANSYS remains a key player in the engineering simulation industry. Its broad application across various sectors underscores its resilience, attracting continued interest from institutional and insider stakeholders.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.