Capital Investment Services of America Inc. grew its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,896 shares of the software maker’s stock after purchasing an additional 1,102 shares during the period. ANSYS makes up about 2.8% of Capital Investment Services of America Inc.’s holdings, making the stock its 14th biggest position. Capital Investment Services of America Inc. owned approximately 0.10% of ANSYS worth $18,793,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ANSS. Rockefeller Capital Management L.P. increased its position in ANSYS by 278.6% during the 1st quarter. Rockefeller Capital Management L.P. now owns 992 shares of the software maker’s stock worth $181,000 after purchasing an additional 730 shares during the period. Private Advisor Group LLC boosted its stake in shares of ANSYS by 3.7% during the 1st quarter. Private Advisor Group LLC now owns 6,109 shares of the software maker’s stock worth $1,116,000 after acquiring an additional 218 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of ANSYS during the 1st quarter worth approximately $211,000. Williams Jones & Associates LLC purchased a new stake in shares of ANSYS during the 1st quarter worth approximately $280,000. Finally, Champlain Investment Partners LLC boosted its stake in shares of ANSYS by 2.5% during the 1st quarter. Champlain Investment Partners LLC now owns 408,755 shares of the software maker’s stock worth $74,684,000 after acquiring an additional 10,140 shares in the last quarter. Institutional investors own 93.64% of the company’s stock.
In related news, VP Janet Lee sold 1,174 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $215.26, for a total value of $252,715.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.11% of the stock is currently owned by corporate insiders.
Several brokerages have recently commented on ANSS. BidaskClub raised ANSYS from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Benchmark boosted their price target on ANSYS from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Guggenheim reissued a “buy” rating on shares of ANSYS in a research note on Wednesday, September 4th. ValuEngine lowered ANSYS from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Evercore ISI reissued a “hold” rating and set a $160.00 price target on shares of ANSYS in a research note on Tuesday, August 6th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. ANSYS has a consensus rating of “Buy” and a consensus price target of $221.00.
ANSS stock traded up $3.49 on Friday, reaching $224.16. The company had a trading volume of 337,673 shares, compared to its average volume of 430,105. ANSYS, Inc. has a 1 year low of $136.80 and a 1 year high of $227.68. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.24 and a current ratio of 2.24. The company’s fifty day moving average is $214.99 and its 200 day moving average is $200.70. The company has a market cap of $18.56 billion, a P/E ratio of 43.02 and a beta of 1.39.
ANSYS (NASDAQ:ANSS) last posted its earnings results on Monday, August 5th. The software maker reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. ANSYS had a return on equity of 17.17% and a net margin of 31.53%. The firm had revenue of $370.51 million for the quarter, compared to analyst estimates of $338.31 million. During the same quarter in the prior year, the company earned $1.35 EPS. ANSYS’s revenue was up 20.0% on a year-over-year basis. On average, sell-side analysts predict that ANSYS, Inc. will post 5.2 earnings per share for the current year.
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
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