Parametrica Management Ltd adds Mentor Graphics Corp (MENT) to its portfolio

Mentor Graphics Corp (MENT) : Parametrica Management Ltd added new position in Mentor Graphics Corp during the most recent quarter end. The investment management firm now holds 20,722 shares of Mentor Graphics Corp which is valued at $578,558 , the company said in a statement filed on Oct 13, 2016 with the SEC.Mentor Graphics Corp makes up approximately 1.64% of Parametrica Management Ltd’s portfolio.

Other Hedge Funds, Including , Fox Run Management L.l.c. sold out all of its stake in MENT during the most recent quarter. The investment firm sold 23,100 shares of MENT which is valued $625,779. Creative Planning added MENT to its portfolio by purchasing 1,645 company shares during the most recent quarter which is valued at $44,563. Cutler Group Lp added MENT to its portfolio by purchasing 1,195 company shares during the most recent quarter which is valued at $32,468.Oregon Public Employees Retirement Fund boosted its stake in MENT in the latest quarter, The investment management firm added 693 additional shares and now holds a total of 34,238 shares of Mentor Graphics Corp which is valued at $930,246. Mentor Graphics Corp makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.Advisory Services Network boosted its stake in MENT in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 193 shares of Mentor Graphics Corp which is valued at $5,109.

Mentor Graphics Corp closed down -0.08 points or -0.29% at $27.09 with 14,24,983 shares getting traded on Tuesday. Post opening the session at $27.03, the shares hit an intraday low of $26.7 and an intraday high of $27.11 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Mentor Graphics Corp reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.09. The company had revenue of $254.34 million for the quarter, compared to analysts expectations of $245.17 million. The company’s revenue was down -9.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS.

Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools – computer software and emulation hardware systems used to automate the design analysis and testing of complex electro-mechanical systems electronic hardware and embedded systems software in electronic systems and components. The Company’s products are used in the design and development of a diverse set of electronic products including automotive electronics computers and workstations digital cameras cellular telephones medical devices smart phones industrial electronics and manufacturing systems. The Company segregated revenues into five categories of similar products and services: Scalable Verification IC Design to Silicon Integrated System Design New and Emerging Products and Services and Other.

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