Cue Financial Group buys $1,595,744 stake in ANSYS (ANSS)

ANSYS (ANSS) : Cue Financial Group scooped up 1,565 additional shares in ANSYS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 17,768 shares of ANSYS which is valued at $1,595,744.ANSYS makes up approximately 1.37% of Cue Financial Group’s portfolio.

ANSYS closed down -0.22 points or -0.24% at $90.65 with 2,86,840 shares getting traded on Wednesday. Post opening the session at $91.14, the shares hit an intraday low of $90.28 and an intraday high of $91.57 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Manning Napier Advisors sold out all of its stake in ANSS during the most recent quarter. The investment firm sold 585,381 shares of ANSS which is valued $52,573,068.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.Independent Portfolio Consultants boosted its stake in ANSS in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 1,530 shares of ANSYS which is valued at $137,409. ANSYS makes up approx 0.04% of Independent Portfolio Consultants’s portfolio.

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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