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

Capital Investment Services of America Inc. decreased its position in ANSYS, Inc. (NASDAQ:ANSS) by 1.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 69,322 shares of the software maker’s stock after selling 821 shares during the period. ANSYS makes up approximately 2.2% of Capital Investment Services of America Inc.’s holdings, making the stock its 22nd biggest position. Capital Investment Services of America Inc.’s holdings in ANSYS were worth $23,384,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock worth $1,179,966,000 after acquiring an additional 106,187 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of ANSYS by 1.7% during the third quarter. Geode Capital Management LLC now owns 2,305,554 shares of the software maker’s stock valued at $732,672,000 after purchasing an additional 37,577 shares during the period. Impax Asset Management Group plc boosted its position in shares of ANSYS by 8.0% during the 3rd quarter. Impax Asset Management Group plc now owns 603,394 shares of the software maker’s stock worth $192,259,000 after purchasing an additional 44,605 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ANSYS by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 532,142 shares of the software maker’s stock valued at $169,556,000 after buying an additional 8,706 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in ANSYS by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,779 shares of the software maker’s stock valued at $165,299,000 after buying an additional 16,462 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

ANSYS Stock Up 0.0 %

Shares of NASDAQ:ANSS opened at $347.01 on Thursday. The stock has a market cap of $30.35 billion, a price-to-earnings ratio of 53.55, a PEG ratio of 3.65 and a beta of 1.12. The business’s 50 day moving average is $344.38 and its 200 day moving average is $330.28. ANSYS, Inc. has a 12-month low of $289.82 and a 12-month 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.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $336.62, for a total value of $67,324.00. Following the completion of the transaction, the director now directly owns 3,430 shares of the company’s stock, valued at $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

ANSS has been the topic of several recent research reports. Robert W. Baird increased 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 cut ANSYS from a “buy” rating to a “hold” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, ANSYS has an average rating of “Hold” and a consensus target price of $346.67.

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.