Capital Investment Services of America Inc. decreased its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,322 shares of the software maker's stock after selling 821 shares during the quarter. ANSYS comprises about 2.2% of Capital Investment Services of America Inc.'s investment portfolio, making the stock its 22nd largest holding. Capital Investment Services of America Inc. owned about 0.08% of ANSYS worth $23,384,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of ANSS. Stock Yards Bank & Trust Co. raised its position in ANSYS by 1.3% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,275 shares of the software maker's stock worth $767,000 after acquiring an additional 30 shares in the last quarter. Greenleaf Trust raised its position in ANSYS by 0.9% in the fourth quarter. Greenleaf Trust now owns 3,651 shares of the software maker's stock worth $1,232,000 after acquiring an additional 32 shares in the last quarter. Bangor Savings Bank raised its position in ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker's stock worth $44,000 after acquiring an additional 34 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in ANSYS by 0.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,367 shares of the software maker's stock worth $1,473,000 after buying an additional 34 shares during the period. Finally, BTC Capital Management Inc. raised its holdings in ANSYS by 2.5% during the 4th quarter. BTC Capital Management Inc. now owns 1,499 shares of the software maker's stock worth $506,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 92.39% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on ANSS. Robert W. Baird boosted their price objective on ANSYS from $350.00 to $365.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. StockNews.com downgraded ANSYS from a "buy" rating to a "hold" rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, ANSYS currently has a consensus rating of "Hold" and a consensus target price of $346.67.
Check Out Our Latest Analysis on ANSS
Insider Activity
In other news, Director Glenda Dorchak sold 200 shares of the company's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the transaction, the director now owns 3,430 shares in the company, valued at $1,154,606.60. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by corporate insiders.
ANSYS Stock Down 0.1 %
Shares of ANSS traded down $0.39 during trading hours on Thursday, reaching $346.62. The company's stock had a trading volume of 510,256 shares, compared to its average volume of 470,877. The firm has a market cap of $30.31 billion, a price-to-earnings ratio of 53.49, a P/E/G ratio of 3.65 and a beta of 1.12. ANSYS, Inc. has a 1-year low of $289.82 and a 1-year high of $363.03. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $344.36 and a two-hundred day moving average of $330.39.
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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