Capital Investment Services Of America Lowers stake in ANSYS (ANSS)

ANSYS (ANSS) : Capital Investment Services Of America reduced its stake in ANSYS by 10.24% during the most recent quarter end. The investment management company now holds a total of 126,147 shares of ANSYS which is valued at $11,529,836 after selling 14,387 shares in ANSYS , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.ANSYS makes up approximately 2.21% of Capital Investment Services Of America’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in ANSS in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 75 shares of ANSYS which is valued at $6,855.Bnp Paribas Arbitrage Sa reduced its stake in ANSS by selling 28,510 shares or 72.69% in the most recent quarter. The Hedge Fund company now holds 10,710 shares of ANSS which is valued at $989,390.Independent Portfolio Consultants reduced its stake in ANSS by selling 75 shares or 5.28% in the most recent quarter. The Hedge Fund company now holds 1,345 shares of ANSS which is valued at $124,251. ANSYS makes up approx 0.04% of Independent Portfolio Consultants’s portfolio.Telemus Capital boosted its stake in ANSS in the latest quarter, The investment management firm added 1,234 additional shares and now holds a total of 31,622 shares of ANSYS which is valued at $2,921,240. ANSYS makes up approx 0.33% of Telemus Capital’s portfolio.Washington Trust Bank reduced its stake in ANSS by selling 32 shares or 17.2% in the most recent quarter. The Hedge Fund company now holds 154 shares of ANSS which is valued at $14,227.

ANSYS closed down -0.71 points or -0.77% at $91.4 with 2,90,301 shares getting traded on Friday. Post opening the session at $92.09, the shares hit an intraday low of $91.32 and an intraday high of $92.32 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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