Cue Financial Group Lowers stake in ANSYS (ANSS)

ANSYS (ANSS) : Cue Financial Group reduced its stake in ANSYS by 0.62% during the most recent quarter end. The investment management company now holds a total of 17,658 shares of ANSYS which is valued at $1,605,289 after selling 110 shares in ANSYS , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.ANSYS makes up approximately 1.34% of Cue Financial Group’s portfolio.

Other Hedge Funds, Including , Fisher Asset Management boosted its stake in ANSS in the latest quarter, The investment management firm added 9,675 additional shares and now holds a total of 56,181 shares of ANSYS which is valued at $5,107,415. ANSYS makes up approx 0.01% of Fisher Asset Management’s portfolio.Capital Investment Services Of America reduced its stake in ANSS by selling 325 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 140,534 shares of ANSS which is valued at $12,847,618. ANSYS makes up approx 2.42% of Capital Investment Services Of America’s portfolio.Stock Yards Bank Trust Co boosted its stake in ANSS in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 4,585 shares of ANSYS which is valued at $408,478. ANSYS makes up approx 0.05% of Stock Yards Bank Trust Co’s portfolio.

ANSYS opened for trading at $91.2 and hit $91.935 on the upside on Friday, eventually ending the session at $91.14, with a gain of 0.07% or 0.06 points. The heightened volatility saw the trading volume jump to 2,61,292 shares. Company has a market cap of $8,024 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. ANSYS was Initiated by Goldman to “Neutral” on May 26, 2016. 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 .

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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