ANSYS, Inc. (ANSS, Financial), the market leader in simulation-driven product development software, declined after reporting quarterly results that were negatively impacted by slower end market demand. Despite the near-term headwind, we believe that ANSYS remains the dominant global provider of simulation software and that the company stands to benefit from the ongoing adoption of its simulation tools. We also believe that ANSYS will increasingly use its cash to repurchase its shares, which we believe will generate additional shareholder value.
From the Baron Funds’ second quarter 2013 commentary.
From the Baron Funds’ second quarter 2013 commentary.
