Jacobson Schmitt Advisors buys $3,856,384 stake in ANSYS (ANSS)

ANSYS (ANSS) : Jacobson Schmitt Advisors scooped up 2,611 additional shares in ANSYS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 39,884 shares of ANSYS which is valued at $3,856,384.ANSYS makes up approximately 3.17% of Jacobson Schmitt Advisors’s portfolio.

Other Hedge Funds, Including , Tcw Group Inc reduced its stake in ANSS by selling 5,927 shares or 25.33% in the most recent quarter. The Hedge Fund company now holds 17,471 shares of ANSS which is valued at $1,689,271. ANSYS makes up approx 0.01% of Tcw Group Inc’s portfolio. Wilkins Investment Counsel Inc added ANSS to its portfolio by purchasing 7,725 company shares during the most recent quarter which is valued at $746,930. ANSYS makes up approx 0.20% of Wilkins Investment Counsel Inc’s portfolio. Alambic Investment Management added ANSS to its portfolio by purchasing 4,200 company shares during the most recent quarter which is valued at $406,182. ANSYS makes up approx 0.09% of Alambic Investment Management’s portfolio. Ownership Capital B.v. added ANSS to its portfolio by purchasing 330,347 company shares during the most recent quarter which is valued at $29,638,733. ANSYS makes up approx 4.51% of Ownership Capital B.v.’s portfolio.

ANSYS closed down -0.01 points or -0.01% at $98.5 with 2,83,990 shares getting traded on Monday. Post opening the session at $98.51, the shares hit an intraday low of $98.26 and an intraday high of $98.97 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.

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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