Capital Investment Services of America Inc. Has $23.38 Million Stake in ANSYS, Inc. (NASDAQ:ANSS)

Capital Investment Services of America Inc. lessened its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,322 shares of the software maker’s stock after selling 821 shares during the period. ANSYS accounts for 2.2% 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 $23,384,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bangor Savings Bank raised its position in shares of ANSYS by 32.7% in the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after purchasing an additional 34 shares during the period. DiNuzzo Private Wealth Inc. raised its holdings in ANSYS by 2,833.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after acquiring an additional 170 shares during the period. Intact Investment Management Inc. bought a new position in ANSYS in the 3rd quarter valued at about $70,000. Brooklyn Investment Group acquired a new stake in ANSYS during the third quarter worth approximately $119,000. Finally, Asset Dedication LLC boosted its holdings in shares of ANSYS by 35.1% during the third quarter. Asset Dedication LLC now owns 385 shares of the software maker’s stock worth $123,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ANSS. Robert W. Baird lifted their price target 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 shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $346.67.

Insider Transactions at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the sale, the director now owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.46% of the stock is owned by insiders.

ANSYS Stock Up 0.0 %

ANSS stock opened at $347.01 on Thursday. The business has a 50-day simple moving average of $344.38 and a 200 day simple moving average of $330.28. ANSYS, Inc. has a 52 week low of $289.82 and a 52 week 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 market cap of $30.35 billion, a PE ratio of 53.55, a price-to-earnings-growth ratio of 3.65 and a beta of 1.12.

About ANSYS

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.