Capital Investment Services of America Inc. Cuts Position in ANSYS, Inc. (ANSS)
Capital Investment Services of America Inc. reduced its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,293 shares of the software maker’s stock after selling 1,765 shares during the period. ANSYS accounts for 2.5% of Capital Investment Services of America Inc.’s holdings, making the stock its 12th largest position. Capital Investment Services of America Inc. owned approximately 0.14% of ANSYS worth $14,516,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Arxis Securities LLC acquired a new position in shares of ANSYS during the first quarter worth $1,405,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of ANSYS by 3.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,308 shares of the software maker’s stock worth $231,000 after buying an additional 74 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of ANSYS by 0.5% in the first quarter. BNP Paribas Arbitrage SA now owns 28,612 shares of the software maker’s stock worth $3,058,000 after buying an additional 150 shares during the period. Bell Bank boosted its position in shares of ANSYS by 3.9% in the first quarter. Bell Bank now owns 2,764 shares of the software maker’s stock worth $295,000 after buying an additional 105 shares during the period. Finally, Bares Capital Management Inc. boosted its stake in ANSYS by 4.3% in the first quarter. Bares Capital Management Inc. now owns 1,043,967 shares of the software maker’s stock valued at $111,569,000 after buying an additional 43,402 shares during the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.
ANSYS, Inc. (NASDAQ:ANSS) traded up 0.06% during midday trading on Monday, reaching $124.67. 385,369 shares of the company’s stock traded hands. ANSYS, Inc. has a 52-week low of $82.28 and a 52-week high of $129.85. The stock has a 50-day moving average of $123.57 and a 200 day moving average of $107.44. The company has a market cap of $10.66 billion, a P/E ratio of 40.31 and a beta of 1.09.
ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, May 3rd. The software maker reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.04. ANSYS had a return on equity of 13.81% and a net margin of 26.82%. The firm had revenue of $253.41 million during the quarter, compared to the consensus estimate of $241.52 million. On average, analysts anticipate that ANSYS, Inc. will post $3.78 earnings per share for the current fiscal year.
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ANSS has been the subject of several recent analyst reports. Citigroup Inc. cut shares of ANSYS from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $112.00 to $114.00 in a research note on Thursday, May 4th. Zacks Investment Research raised shares of ANSYS from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Barclays PLC reduced their price target on shares of ANSYS from $115.00 to $96.00 and set an “underweight” rating for the company in a research note on Monday, May 15th. Mitsubishi UFJ Financial Group lowered shares of ANSYS from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $112.00 to $114.00 in a research note on Thursday, May 4th. Finally, BidaskClub lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $105.75.
In related news, insider Walid Abu-Hadba sold 11,276 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $2.93, for a total value of $33,038.68. Following the completion of the sale, the insider now directly owns 11,276 shares of the company’s stock, valued at approximately $33,038.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Thurk sold 4,800 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $123.95, for a total value of $594,960.00. The disclosure for this sale can be found here. Insiders sold 18,076 shares of company stock valued at $875,999 in the last ninety days. 1.30% of the stock is currently owned by insiders.
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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