Fort Pitt Capital Group buys $1,570,574 stake in ANSYS (ANSS)

ANSYS (ANSS) : Fort Pitt Capital Group scooped up 500 additional shares in ANSYS during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 17,389 shares of ANSYS which is valued at $1,570,574.ANSYS makes up approximately 0.19% of Fort Pitt Capital Group’s portfolio.

Other Hedge Funds, Including , Riverbridge Partners boosted its stake in ANSS in the latest quarter, The investment management firm added 148,714 additional shares and now holds a total of 644,418 shares of ANSYS which is valued at $58,203,834. ANSYS makes up approx 1.17% of Riverbridge Partners’s portfolio.Baring Asset Management Ltd reduced its stake in ANSS by selling 602 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 78,483 shares of ANSS which is valued at $7,041,495. ANSYS makes up approx 0.55% of Baring Asset Management Ltd’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.Weaver C. Barksdale Associates boosted its stake in ANSS in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 64 shares of ANSYS which is valued at $5,818. ANSYS makes up approx 0.01% of Weaver C. Barksdale Associates’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 $94 and hit $94.42 on the upside on Thursday, eventually ending the session at $92.8, with a gain of 2.75% or 2.48 points. The heightened volatility saw the trading volume jump to 10,70,755 shares. Company has a market cap of $8,170 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. 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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