Columbia Wanger Asset Management Lowers stake in ANSYS (ANSS)

ANSYS (ANSS) : Columbia Wanger Asset Management reduced its stake in ANSYS by 3.17% during the most recent quarter end. The investment management company now holds a total of 1,687,824 shares of ANSYS which is valued at $144.9 Million after selling 55,178 shares in ANSYS , the firm said in a disclosure report filed with the SEC on May 12, 2016.ANSYS makes up approximately 1.55% of Columbia Wanger Asset Management’s portfolio.

Other Hedge Funds, Including , Daiwa Securities Group boosted its stake in ANSS in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 2,100 shares of ANSYS which is valued at $180,243.Gsa Capital Partners Llp reduced its stake in ANSS by selling 6,225 shares or 46.11% in the most recent quarter. The Hedge Fund company now holds 7,275 shares of ANSS which is valued at $624,413. ANSYS makes up approx 0.04% of Gsa Capital Partners Llp’s portfolio.Ngam Advisors boosted its stake in ANSS in the latest quarter, The investment management firm added 1,035 additional shares and now holds a total of 25,586 shares of ANSYS which is valued at $2.2 Million. ANSYS makes up approx 0.03% of Ngam Advisors’s portfolio.Parkside Financial Bank Trust reduced its stake in ANSS by selling 25 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 623 shares of ANSS which is valued at $52,712. ANSYS makes up approx 0.03% of Parkside Financial Bank Trust’s portfolio.

ANSYS opened for trading at $85.12 and hit $86.81 on the upside on Friday, eventually ending the session at $86.25, with a gain of 1.46% or 1.24 points. The heightened volatility saw the trading volume jump to 8,64,006 shares. Company has a market cap of $7,593,536 M.

On the company’s financial health, ANSYS reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.76. The company had revenue of $226.00 million for the quarter, compared to analysts expectations of $228.66 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on ANSYS. 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 .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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