Capital Investment Services of America Inc. Cuts Stake in ANSYS, Inc. (NASDAQ:ANSS)

Capital Investment Services of America Inc. lowered its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,143 shares of the software maker's stock after selling 4,745 shares during the quarter. ANSYS makes up approximately 2.1% of Capital Investment Services of America Inc.'s holdings, making the stock its 22nd biggest position. Capital Investment Services of America Inc. owned about 0.08% of ANSYS worth $22,350,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in ANSYS by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 10,234,642 shares of the software maker's stock worth $3,553,058,000 after purchasing an additional 73,585 shares during the period. Earnest Partners LLC increased its stake in ANSYS by 2.5% in the 2nd quarter. Earnest Partners LLC now owns 607,029 shares of the software maker's stock worth $195,160,000 after buying an additional 15,012 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in ANSYS by 4.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 522,613 shares of the software maker's stock valued at $167,985,000 after acquiring an additional 22,836 shares during the period. Sei Investments Co. raised its holdings in ANSYS by 1.6% during the second quarter. Sei Investments Co. now owns 423,892 shares of the software maker's stock valued at $136,281,000 after acquiring an additional 6,867 shares during the period. Finally, CCLA Investment Management lifted its position in shares of ANSYS by 1.1% in the second quarter. CCLA Investment Management now owns 398,560 shares of the software maker's stock valued at $128,081,000 after acquiring an additional 4,200 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors.

Insider Transactions 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 transaction of $47,668.72. Following the sale, the director now owns 3,630 shares in the company, valued at approximately $1,138,404.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on ANSS. StockNews.com raised shares of ANSYS from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Rosenblatt Securities lowered their price objective on shares of ANSYS from $345.00 to $335.00 and set a "neutral" rating for the company in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $325.00.

ANSYS Stock Up 0.1 %

Shares of ANSS traded up $0.41 during mid-day trading on Monday, hitting $324.16. The company's stock had a trading volume of 532,107 shares, compared to its average volume of 523,911. The company's 50-day moving average is $320.18 and its 200-day moving average is $321.48. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $28.33 billion, a price-to-earnings ratio of 57.20, a PEG ratio of 6.87 and a beta of 1.11. ANSYS, Inc. has a 52-week low of $275.81 and a 52-week high of $364.31.

ANSYS Profile

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.