ANSYS (ANSS) : Spero-smith Investment Advisers Inc Oh reduced its stake in ANSYS by 0.19% during the most recent quarter end. The investment management company now holds a total of 20,986 shares of ANSYS which is valued at $1,895,456 after selling 40 shares in ANSYS , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.ANSYS makes up approximately 2.34% of Spero-smith Investment Advisers Inc Oh’s portfolio.
Other Hedge Funds, Including , Diam Ltd. boosted its stake in ANSS in the latest quarter, The investment management firm added 529 additional shares and now holds a total of 9,078 shares of ANSYS which is valued at $819,925. ANSYS makes up approx 0.01% of Diam Ltd.’s portfolio.Carnegie Capital Asset Management reduced its stake in ANSS by selling 2,084 shares or 3.11% in the most recent quarter. The Hedge Fund company now holds 64,876 shares of ANSS which is valued at $5,859,600. ANSYS makes up approx 0.83% of Carnegie Capital Asset Management’s portfolio.Greenleaf Trust reduced its stake in ANSS by selling 12,695 shares or 8.99% in the most recent quarter. The Hedge Fund company now holds 128,482 shares of ANSS which is valued at $11,481,152. ANSYS makes up approx 0.30% of Greenleaf Trust’s portfolio.Svenska Handelsbanken Ab (publ) boosted its stake in ANSS in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 8,400 shares of ANSYS which is valued at $763,644. ANSYS makes up approx 0.05% of Svenska Handelsbanken Ab (publ)’s portfolio.
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 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.