ANSYS (ANSS) : North Point Portfolio Managers Corpoh reduced its stake in ANSYS by 0.72% during the most recent quarter end. The investment management company now holds a total of 209,811 shares of ANSYS which is valued at $19,044,544 after selling 1,521 shares in ANSYS , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.ANSYS makes up approximately 3.66% of North Point Portfolio Managers Corpoh’s portfolio.
ANSYS opened for trading at $90.74 and hit $92.48 on the upside on Monday, eventually ending the session at $92.24, with a gain of 1.62% or 1.47 points. The heightened volatility saw the trading volume jump to 4,35,110 shares. Company has a market cap of $8,136 M.
Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in ANSS in the latest quarter, The investment management firm added 1,152 additional shares and now holds a total of 29,855 shares of ANSYS which is valued at $2,681,278. ANSYS makes up approx 0.06% of Oregon Public Employees Retirement Fund’s portfolio.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.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in ANSS in the latest quarter, The investment management firm added 2,096 additional shares and now holds a total of 27,446 shares of ANSYS which is valued at $2,464,925. ANSYS makes up approx 0.06% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’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 Companys 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.