Pivot Point Capital Partners adds ANSYS (ANSS) to its portfolio

ANSYS (ANSS) : Pivot Point Capital Partners added new position in ANSYS during the most recent quarter end. The investment management firm now holds 44,308 shares of ANSYS which is valued at $4,284,141 , the company said in a statement filed on Aug 12, 2016 with the SEC.ANSYS makes up approximately 2.60% of Pivot Point Capital Partners’s portfolio.

Other Hedge Funds, Including , Delphi Private Advisors added ANSS to its portfolio by purchasing 9 company shares during the most recent quarter which is valued at $870.Oregon Public Employees Retirement Fund boosted its stake in ANSS in the latest quarter, The investment management firm added 715 additional shares and now holds a total of 30,570 shares of ANSYS which is valued at $2,761,082. ANSYS makes up approx 0.06% of Oregon Public Employees Retirement Fund’s portfolio.Fort Pitt Capital Group boosted its stake in ANSS in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 17,389 shares of ANSYS which is valued at $1,570,574. ANSYS makes up approx 0.19% of Fort Pitt Capital Group’s portfolio. Fox Run Management L.l.c. sold out all of its stake in ANSS during the most recent quarter. The investment firm sold 2,500 shares of ANSS which is valued $226,150.

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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