Shares of ANSYS, Inc. (ANSS, Financial), the market leader in simulation-driven product development, declined during the quarter after reporting first quarter results that were negatively impacted by slower end market demand. Despite the near term headwind, we believe that ANSYS is the dominant global provider of simulation software, and will benefit from long-term secular adoption of its simulation tools. We also believe that ANSYS' management will increasingly deploy cash to accelerate the pace of share repurchases. (Neal Rosenberg)
From Baron Funds’ second quarter 2013 commentary.
From Baron Funds’ second quarter 2013 commentary.
