Caprock Group LLC Reduces Position in ANSYS, Inc. (NASDAQ:ANSS)

Caprock Group LLC decreased its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 26.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 703 shares of the software maker’s stock after selling 251 shares during the period. Caprock Group LLC’s holdings in ANSYS were worth $224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DT Investment Partners LLC lifted its position in shares of ANSYS by 888.9% during the second quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of ANSYS during the 2nd quarter valued at $32,000. Rothschild Investment LLC purchased a new stake in ANSYS during the 2nd quarter worth about $38,000. Bangor Savings Bank boosted its stake in ANSYS by 32.7% in the 3rd quarter. Bangor Savings Bank now owns 138 shares of the software maker’s stock worth $44,000 after purchasing an additional 34 shares during the period. Finally, DiNuzzo Private Wealth Inc. grew its holdings in ANSYS by 2,833.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 176 shares of the software maker’s stock valued at $56,000 after buying an additional 170 shares in the last quarter. Institutional investors own 92.39% of the company’s stock.

Analysts Set New Price Targets

ANSS has been the topic of a number of recent analyst reports. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Robert W. Baird increased their target price on shares of ANSYS from $350.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Rosenblatt Securities reduced their price target on shares of ANSYS from $345.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, ANSYS presently has a consensus rating of “Hold” and an average price target of $342.50.

ANSYS Stock Up 0.3 %

ANSS stock opened at $350.00 on Monday. The company’s 50 day moving average is $327.83 and its 200 day moving average is $323.13. The stock has a market cap of $30.61 billion, a price-to-earnings ratio of 54.01, a price-to-earnings-growth ratio of 3.95 and a beta of 1.11. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. ANSYS, Inc. has a 1-year low of $275.81 and a 1-year high of $364.31.

Insiders Place Their Bets

In other news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the completion of the transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.46% of the company’s stock.

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.