ANSYS, Inc. (NASDAQ:ANSS) Holdings Lowered by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. lowered its stake in ANSYS, Inc. (NASDAQ:ANSS) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,143 shares of the software maker’s stock after selling 4,745 shares during the quarter. ANSYS makes up 2.1% 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 $22,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bangor Savings Bank raised its position in ANSYS by 32.7% during the third quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock valued at $44,000 after buying an additional 34 shares during the period. Gardner Lewis Asset Management L P grew its stake in ANSYS by 1.9% during the 2nd quarter. Gardner Lewis Asset Management L P now owns 2,175 shares of the software maker’s stock valued at $699,000 after acquiring an additional 40 shares in the last quarter. Eads & Heald Wealth Management increased its holdings in shares of ANSYS by 1.6% in the 3rd quarter. Eads & Heald Wealth Management now owns 2,533 shares of the software maker’s stock valued at $807,000 after purchasing an additional 40 shares during the period. Mission Wealth Management LP lifted its position in shares of ANSYS by 5.7% in the first quarter. Mission Wealth Management LP now owns 758 shares of the software maker’s stock worth $263,000 after purchasing an additional 41 shares in the last quarter. Finally, PFG Advisors boosted its holdings in shares of ANSYS by 0.4% during the second quarter. PFG Advisors now owns 12,316 shares of the software maker’s stock worth $3,960,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 92.39% of the company’s stock.

ANSYS Price Performance

NASDAQ ANSS traded up $1.27 on Monday, reaching $325.02. The company’s stock had a trading volume of 155,048 shares, compared to its average volume of 522,141. ANSYS, Inc. has a 52 week low of $275.81 and a 52 week high of $364.31. 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 cap of $28.40 billion, a PE ratio of 57.20, a price-to-earnings-growth ratio of 6.87 and a beta of 1.11. The business has a 50-day moving average price of $320.18 and a 200 day moving average price of $321.48.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total transaction of $47,668.72. Following the completion of the transaction, the director now owns 3,630 shares in the company, valued at $1,138,404.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of ANSYS from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Rosenblatt Securities dropped their target price on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, ANSYS presently has a consensus rating of “Hold” and a consensus price target of $325.00.

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.