ANSYS (ANSS) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.93 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.88. The company posted revenue of $246.10 million in the period, 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 closed down -1.08 points or -1.19% at $89.3 with 4,83,085 shares getting traded on Tusday. Post opening the session at $90.47, the shares hit an intraday low of $88.64 and an intraday high of $90.47 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 20, 2016, Maria T Shields (CFO & VP Finance and Admin.) sold 35,000 shares at $88.00 per share price. According to the SEC, on Apr 20, 2016, James E Iii Cashman (President and CEO) sold 4,462 shares at $0.00 per share price. On Mar 4, 2016, Debra A Burk (VP – HUMAN RESOURCES) sold 13,882 shares at $86.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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.