First Personal Financial Services buys $3,254,069 stake in ANSYS (ANSS)

ANSYS (ANSS) : First Personal Financial Services scooped up 6,555 additional shares in ANSYS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 34,322 shares of ANSYS which is valued at $3,254,069.ANSYS makes up approximately 1.08% of First Personal Financial Services’s portfolio.

Other Hedge Funds, Including , Proficio Capital Partners added ANSS to its portfolio by purchasing 299 company shares during the most recent quarter which is valued at $26,719. ANSYS makes up approx 0.02% of Proficio Capital Partners’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.Louisiana State Employees Retirement System reduced its stake in ANSS by selling 1,100 shares or 4.49% in the most recent quarter. The Hedge Fund company now holds 23,400 shares of ANSS which is valued at $2,099,448. ANSYS makes up approx 0.11% of Louisiana State Employees Retirement System’s portfolio.Benjamin F. Edwards Company reduced its stake in ANSS by selling 3,977 shares or 88.59% in the most recent quarter. The Hedge Fund company now holds 512 shares of ANSS which is valued at $46,546. ANSYS makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio.

ANSYS opened for trading at $96.95 and hit $97.55 on the upside on Wednesday, eventually ending the session at $97.49, with a gain of 0.80% or 0.77 points. The heightened volatility saw the trading volume jump to 4,70,841 shares. Company has a market cap of $8,503 M.

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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