Bamco Inc Ny Lowers stake in ANSYS (ANSS)

ANSYS (ANSS) : Bamco Inc Ny reduced its stake in ANSYS by 5.18% during the most recent quarter end. The investment management company now holds a total of 3,075,545 shares of ANSYS which is valued at $297,374,446 after selling 167,908 shares in ANSYS , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.ANSYS makes up approximately 1.45% of Bamco Inc Ny’s portfolio.

Other Hedge Funds, Including , Capstone Investment Advisors sold out all of its stake in ANSS during the most recent quarter. The investment firm sold 2,700 shares of ANSS which is valued $261,063.Blackrock Investment Management boosted its stake in ANSS in the latest quarter, The investment management firm added 4,537 additional shares and now holds a total of 266,941 shares of ANSYS which is valued at $25,810,525. ANSYS makes up approx 0.03% of Blackrock Investment Management’s portfolio.Bb&t Securities reduced its stake in ANSS by selling 2,664 shares or 21.19% in the most recent quarter. The Hedge Fund company now holds 9,906 shares of ANSS which is valued at $939,485. ANSYS makes up approx 0.01% of Bb&t Securities’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.

ANSYS closed down -0.09 points or -0.09% at $95.21 with 307,707 shares getting traded on Wednesday. Post opening the session at $95.04, the shares hit an intraday low of $94.93 and an intraday high of $95.8 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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