Df Dent Co Inc buys $170,755,023 stake in ANSYS (ANSS)

ANSYS (ANSS) : Df Dent Co Inc scooped up 3,254 additional shares in ANSYS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,766,005 shares of ANSYS which is valued at $170,755,023.ANSYS makes up approximately 4.59% of Df Dent Co Inc’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. boosted its stake in ANSS in the latest quarter, The investment management firm added 340 additional shares and now holds a total of 1,036 shares of ANSYS which is valued at $100,171. ANSYS makes up approx 0.02% of Mizuho Asset Managementltd.’s portfolio.William Blair Investment Management boosted its stake in ANSS in the latest quarter, The investment management firm added 770 additional shares and now holds a total of 289,005 shares of ANSYS which is valued at $27,949,674. ANSYS makes up approx 0.10% of William Blair Investment Management’s portfolio.Glenmede Trust Co Na boosted its stake in ANSS in the latest quarter, The investment management firm added 71 additional shares and now holds a total of 311 shares of ANSYS which is valued at $29,495.

ANSYS closed down -0.01 points or -0.01% at $98.5 with 2,83,990 shares getting traded on Monday. Post opening the session at $98.51, the shares hit an intraday low of $98.26 and an intraday high of $98.97 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.

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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