ANSYS (ANSS) : Quest Investment Management Incor reduced its stake in ANSYS by 1.31% during the most recent quarter end. The investment management company now holds a total of 60,983 shares of ANSYS which is valued at $5,525,670 after selling 808 shares in ANSYS , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.ANSYS makes up approximately 0.77% of Quest Investment Management Incor’s portfolio.
Other Hedge Funds, Including , Select Equity Group reduced its stake in ANSS by selling 10,589 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 973,199 shares of ANSS which is valued at $88,181,561. ANSYS makes up approx 0.76% of Select Equity Group’s portfolio.North Point Portfolio Managers Corpoh reduced its stake in ANSS by selling 843 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 203,210 shares of ANSS which is valued at $16,992,420. ANSYS makes up approx 3.39% of North Point Portfolio Managers Corpoh’s portfolio.Global X Management Co boosted its stake in ANSS in the latest quarter, The investment management firm added 328 additional shares and now holds a total of 986 shares of ANSYS which is valued at $82,449.Assetmark Inc boosted its stake in ANSS in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 81 shares of ANSYS which is valued at $6,773.Carderock Capital Management Inc boosted its stake in ANSS in the latest quarter, The investment management firm added 4,140 additional shares and now holds a total of 37,480 shares of ANSYS which is valued at $3,355,210. ANSYS makes up approx 1.76% of Carderock Capital Management Inc’s portfolio.
ANSYS closed down -0.17 points or -0.18% at $93.36 with 5,22,017 shares getting traded on Monday. Post opening the session at $93.69, the shares hit an intraday low of $93.26 and an intraday high of $94.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, ANSYS reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.92. The company had revenue of $245.86 million for the quarter, compared to analysts expectations of $249.98 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS.
Many Wall Street Analysts have commented on ANSYS. Shares were Reiterated by The Benchmark Company on Nov 4, 2016 to “Hold” and Lowered the Price Target to $ 86 from a previous price target of $90 .
ANSYS Inc. (ANSYS) develops and markets engineering simulation software and services. The Company offers the suite to engineers designers researchers and students and for industries and academia including aerospace automotive manufacturing electronics biomedical energy and defense. The Company’s product portfolio consists of ANSYS Workbench Structures Fluids Electronics Systems and Academic. ANSYS Workbench is the framework upon which the Company’s suite of engineering simulation technologies is built. The structures product suite offers simulation tools for product design and optimization. The fluids product suite enables modeling of fluid flow. The Companys system simulation capability is to design automated products. The academic product suite provides a portfolio of academic products-based on usage tiers such as associate research and teaching.