Capital Investment Services of America Inc. lowered its stake in ANSYS, Inc. (NASDAQ:ANSS – Free Report) 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
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.
Read Our Latest Report on ANSYS
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.
Featured Articles
- Five stocks we like better than ANSYS
- What is the Dogs of the Dow Strategy? Overview and Examples
- Intel: Is Now the Time to Be Brave?Â
- Investing In Automotive Stocks
- Carnival or Royal Caribbean—Which Cruise Stock Has More Upside?
- What is a support level?
- Summit Therapeutics: Is Their Lung Cancer Drug a Game Changer?
Want to see what other hedge funds are holding ANSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ANSYS, Inc. (NASDAQ:ANSS – Free Report).
Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.