I think it is correct but i also heard it also mean princess and it is also a persian name
PARYSATIS was an ancient Persian name, pronounced with the accent on the Y: PARYSATIS I was daughter of Artaxerses I Achemenid Emporor of Persia and Queen of Darius II Emperor of Persia; PARYSATIS II was daughter of Artaxerses II and one of the wives of ALEXANDER THE GREAT. This confirms the meaning of Princess and the Persian origin.
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Meaning of Pareesa in Farsi origin/culture for Girl name with history and fame details.