Capital Investment Services of America Inc. Has $21.84 Million Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Capital Investment Services of America Inc. lessened its stake in shares of ANSYS, Inc. (NASDAQ:ANSS) by 0.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,988 shares of the software maker’s stock after selling 334 shares during the period. ANSYS comprises 2.2% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 23rd largest holding. Capital Investment Services of America Inc. owned about 0.08% of ANSYS worth $21,839,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANSS. Apollon Wealth Management LLC raised its holdings in ANSYS by 17.6% during the 4th quarter. Apollon Wealth Management LLC now owns 1,279 shares of the software maker’s stock worth $431,000 after buying an additional 191 shares during the period. Savant Capital LLC acquired a new stake in ANSYS during the 4th quarter worth about $203,000. Catalyst Financial Partners LLC acquired a new stake in ANSYS during the 4th quarter worth about $210,000. First Merchants Corp grew its stake in ANSYS by 1.6% during the 4th quarter. First Merchants Corp now owns 10,095 shares of the software maker’s stock valued at $3,405,000 after acquiring an additional 156 shares in the last quarter. Finally, Empire Life Investments Inc. grew its stake in ANSYS by 0.8% during the 4th quarter. Empire Life Investments Inc. now owns 5,123 shares of the software maker’s stock valued at $1,728,000 after acquiring an additional 42 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.

Insider Activity at ANSYS

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $300.01, for a total value of $60,002.00. Following the completion of the transaction, the director now directly owns 3,230 shares in the company, valued at approximately $969,032.30. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on ANSS. Rosenblatt Securities lifted their target price on ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Wall Street Zen cut ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th.

ANSYS Trading Down 1.6%

Shares of NASDAQ ANSS opened at $338.01 on Friday. The stock has a market cap of $29.72 billion, a price-to-earnings ratio of 51.60, a PEG ratio of 3.48 and a beta of 1.19. The business has a 50 day simple moving average of $326.69 and a 200 day simple moving average of $332.55. ANSYS, Inc. has a 52 week low of $275.06 and a 52 week high of $363.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.11). ANSYS had a return on equity of 12.69% and a net margin of 22.62%. The company had revenue of $504.89 million during the quarter, compared to analyst estimates of $516.81 million. During the same quarter last year, the firm posted $1.39 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

ANSYS Company 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.