Intermede Investment Partners Ltd buys $44,904,102 stake in ANSYS (ANSS)

ANSYS (ANSS) : Intermede Investment Partners Ltd scooped up 147,202 additional shares in ANSYS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 499,990 shares of ANSYS which is valued at $44,904,102.ANSYS makes up approximately 5.36% of Intermede Investment Partners Ltd’s portfolio.

ANSYS opened for trading at $89.35 and hit $90.35 on the upside on Monday, eventually ending the session at $90.15, with a gain of 0.38% or 0.34 points. The heightened volatility saw the trading volume jump to 2,45,510 shares. Company has a market cap of $7,952 M.

Other Hedge Funds, Including , Sit Investment Associates Inc reduced its stake in ANSS by selling 700 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 83,575 shares of ANSS which is valued at $7,505,871. ANSYS makes up approx 0.14% of Sit Investment Associates Inc’s portfolio. Lenox Wealth Advisors sold out all of its stake in ANSS during the most recent quarter. The investment firm sold 45 shares of ANSS which is valued $4,041.Eagle Asset Management Inc reduced its stake in ANSS by selling 4,000 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 725,946 shares of ANSS which is valued at $63,513,016. ANSYS makes up approx 0.45% of Eagle Asset Management Inc’s portfolio.Creative Planning reduced its stake in ANSS by selling 220 shares or 43.05% in the most recent quarter. The Hedge Fund company now holds 291 shares of ANSS which is valued at $25,460.

On the company’s financial health, ANSYS reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.87. The company had revenue of $252.01 million for the quarter, compared to analysts expectations of $257.94 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.92 EPS.

Many Wall Street Analysts have commented on ANSYS. Shares were Reiterated by Wedbush on Feb 16, 2016 to “Outperform” and Lowered the Price Target to $ 94 from a previous price target of $98 .

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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