Gavekal Capital adds ANSYS (ANSS) to its portfolio

ANSYS (ANSS) : Gavekal Capital added new position in ANSYS during the most recent quarter end. The investment management firm now holds 92,973 shares of ANSYS which is valued at $8,474,489 , the company said in a statement filed on Oct 17, 2016 with the SEC.ANSYS makes up approximately 2.89% of Gavekal Capital’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in ANSS by selling 4,710 shares or 6.68% in the most recent quarter. The Hedge Fund company now holds 65,847 shares of ANSS which is valued at $6,001,954. ANSYS makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio.Capital Investment Services Of America reduced its stake in ANSS by selling 14,387 shares or 10.24% in the most recent quarter. The Hedge Fund company now holds 126,147 shares of ANSS which is valued at $11,529,836. ANSYS makes up approx 2.21% of Capital Investment Services Of America’s portfolio.

ANSYS closed down -0.6 points or -0.65% at $91.15 with 4,50,260 shares getting traded on Friday. Post opening the session at $92, the shares hit an intraday low of $90.955 and an intraday high of $92.41 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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