American Capital Management Inc buys $18,474,233 stake in ANSYS (ANSS)

ANSYS (ANSS) : American Capital Management Inc scooped up 2,380 additional shares in ANSYS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 204,542 shares of ANSYS which is valued at $18,474,233.ANSYS makes up approximately 1.48% of American Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Spero-smith Investment Advisers Inc Oh reduced its stake in ANSS by selling 40 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 20,986 shares of ANSS which is valued at $1,895,456. ANSYS makes up approx 2.34% of Spero-smith Investment Advisers Inc Oh’s portfolio.World Asset Management Inc reduced its stake in ANSS by selling 39 shares or 0.9% in the most recent quarter. The Hedge Fund company now holds 4,307 shares of ANSS which is valued at $389,008. ANSYS makes up approx 0.01% of World Asset Management Inc’s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in ANSS by selling 30,995 shares or 24.12% in the most recent quarter. The Hedge Fund company now holds 97,490 shares of ANSS which is valued at $8,711,706. ANSYS makes up approx 0.16% of Kornitzer Capital Management Inc Ks’s portfolio. Trust Co Of Vermont added ANSS to its portfolio by purchasing 65 company shares during the most recent quarter which is valued at $5,880.

ANSYS closed down -0.03 points or -0.03% at $94.81 with 3,84,431 shares getting traded on Monday. Post opening the session at $94.97, the shares hit an intraday low of $94.41 and an intraday high of $95.15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, ANSYS reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.88. The company had revenue of $246.10 million for the quarter, compared to analysts expectations of $244.86 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

Many Wall Street Analysts have commented on ANSYS. ANSYS was Initiated by Goldman to “Neutral” on May 26, 2016. Shares were Downgraded by Wedbush on May 6, 2016 to ” Neutral” and Lowered the Price Target to $ 86 from a previous price target of $91 .

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 Company’s 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.

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