Ansys Stock Outperforms Despite Market Losses, Closing at $338.48

☀️Trending News

Despite losses on the day, Ansys ($NASDAQ:ANSS) Inc.’s stock outperformed its competitors as its shares dropped 1.65% to $338.48 Wednesday. Ansys Inc. is a global leader in engineering simulation software and services, offering a comprehensive suite of solutions to solve complex engineering problems and accelerate product innovation. The company provides simulation solutions for structural analysis, fluid dynamics, and thermal analysis, as well as multiphysics and optimization tools that enable engineers to analyze problems in new and innovative ways. The Dow Jones Industrial Average rose 0.17% to 31,430.12, while the S&P 500 decreased 0.07% to 3,915.59 on what was an overall mixed trading session.

Despite the market losses, Ansys Inc. managed to outpace its competitors, closing at $338.48 for the day. The company has seen a steady increase in stock performance over the past year, making it an attractive option for investors.

Market Price

In the day’s trading, the stock opened at $343.1 and closed at $334.3, down by 1.2% from its previous closing price of 338.5. This demonstrates the strength of the company’s stock and its resilience in the face of market volatility. Ansys_Stock_Outperforms_Despite_Market_Losses_Closing_at_338.48″>Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ansys. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ansys. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ansys. More…

Key Ratios Snapshot

Some of the financial key ratios for Ansys are shown below. More…

Analysis

At GoodWhale, we conducted an analysis of ANSYS‘s wellbeing. Our Star Chart gave ANSYS a high health score of 9/10, considering its cashflows and debt, which allowed us to conclude that ANSYS is capable to sustain future operations in times of crisis. We classified ANSYS as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. We believe investors who are looking for a strong asset base and growth, but do not prioritize dividends, may be interested in ANSYS. Although this company is strong in terms of asset, growth, and profitability, it is weak in dividend offering. More…

Peers

Ansys Inc is a publicly traded company on the Nasdaq Global Select Market under the ticker ANSS. It is headquartered in Canonsburg, Pennsylvania, United States. The company develops and markets engineering simulation software used by engineers, designers, and architects to visualize how a product behaves under real-world conditions. Customers include corporations in the aerospace, automotive, consumer goods, electronics, energy, heavy industry, and biomedical industries.

Zwsoft Co Ltd (Guangzhou), Touchtech AB, System D Inc, are all companies that compete with Ansys Inc.

– Zwsoft Co Ltd (Guangzhou) ($SHSE:688083)

Zwsoft Co Ltd (Guangzhou) has a market cap of 16.94B as of 2022, a Return on Equity of 2.39%. The company is a software development company that focuses on providing design and drafting software solutions for the AEC industry. Its products include ZWCAD, ZW3D, and ZW CAD/CAM.

– Touchtech AB ($LTS:0GIM)

Touchtech AB’s market cap is 3.63M as of 2022. The company has a Return on Equity of -6.31%. Touchtech AB is a Swedish company that develops and sells touch screen technology. The company was founded in 2002 and is headquartered in Stockholm, Sweden.

– System D Inc ($TSE:3804)

System D Inc is a publicly traded company with a market capitalization of $9.15 billion as of 2022. The company’s return on equity is 16.51%. System D Inc is engaged in the business of providing information technology services. The company offers a range of services, including software development, application management, and infrastructure management.

Summary

Ansys Inc. is an American publicly traded software company that provides engineering simulation software products. Despite losses on the day, the Ansys stock outperformed its competitors and closed at $338.48 on Wednesday. Investors are encouraged to keep an eye on this stock as it could be a great long-term investment. Analysts suggest that investors can benefit from the digital transformation of the enterprise and the industrial sector that Ansys is witnessing right now.

The company is also expected to benefit from its new product offerings and strategic partnerships. As such, investors should continue to monitor the latest news and developments at Ansys.