Carnegie Capital Asset Management Lowers stake in ANSYS (ANSS)

ANSYS (ANSS) : Carnegie Capital Asset Management reduced its stake in ANSYS by 3.11% during the most recent quarter end. The investment management company now holds a total of 64,876 shares of ANSYS which is valued at $5,859,600 after selling 2,084 shares in ANSYS , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.ANSYS makes up approximately 0.83% of Carnegie Capital Asset Management’s portfolio.

Other Hedge Funds, Including , Parkside Financial Bank Trust boosted its stake in ANSS in the latest quarter, The investment management firm added 338 additional shares and now holds a total of 961 shares of ANSYS which is valued at $86,798. ANSYS makes up approx 0.04% of Parkside Financial Bank Trust’s portfolio.Smithfield Trust Co boosted its stake in ANSS in the latest quarter, The investment management firm added 148 additional shares and now holds a total of 3,293 shares of ANSYS which is valued at $294,262. ANSYS makes up approx 0.05% of Smithfield Trust Co’s portfolio.Montag Caldwell boosted its stake in ANSS in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 7,852 shares of ANSYS which is valued at $701,655. ANSYS makes up approx 0.01% of Montag Caldwell’s portfolio.Winslow Evans Crocker reduced its stake in ANSS by selling 27 shares or 12.22% in the most recent quarter. The Hedge Fund company now holds 194 shares of ANSS which is valued at $17,460. ANSYS makes up approx 0.01% of Winslow Evans Crocker’s portfolio. Rockefeller Financial Services Inc sold out all of its stake in ANSS during the most recent quarter. The investment firm sold 216 shares of ANSS which is valued $19,440.

ANSYS closed down -0.03 points or -0.03% at $94.81 with 3,84,431 shares getting traded on Monday. Post opening the session at $94.97, the shares hit an intraday low of $94.41 and an intraday high of $95.15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, ANSYS reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.88. The company had revenue of $246.10 million for the quarter, 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. 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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