ANSYS Stock Sinks Amid Positive Market Performance on Friday
May 2, 2023
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On Friday, Ansys ($NASDAQ:ANSS) Inc., a software company specializing in engineering simulation, saw its stock take a slight dip despite the general market performance of the day. The S&P 500 Index rose overall, but Ansys stock dropped 0.34%, settling at $313.92. This marked a slight decline for the company’s stock, which had already been performing well in the past month. It has grown to become one of the leading providers of engineering simulation software, helping to develop and design products in various industries.
Its technology not only assists with product development, but also provides insights into how products will interact with their environment and how they can be optimized. Their software offers analyses of various types of engineering simulations, such as structural mechanics, computational fluid dynamics, and more.
Stock Price
Friday was a positive day for the stock market, but one of the unlucky stocks to sink was ANSYS. ANSYS stock opened at $312.2 on Monday and closed at $314.2, an increase of only 0.1% from its last closing price of 313.9. Despite the strong performance in the broader market, ANSYS stock was unable to join in on the rally and dipped slightly from its opening trading price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ansys. More…
| Total Revenues | Net Income | Net Margin |
| 2.07k | 523.71 | 25.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ansys. More…
| Operations | Investing | Financing |
| 631 | -411.37 | -245.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ansys. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.69k | 1.82k | 55.96 |
Key Ratios Snapshot
Some of the financial key ratios for Ansys are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.9% | 4.8% | 29.0% |
| FCF Margin | ROE | ROA |
| 29.4% | 7.9% | 5.6% |
Analysis
GoodWhale recently conducted an analysis of ANSYS‘s wellbeing and plotted it on our Star Chart, which classifies them as a ‘gorilla’. We believe this is due to their strong competitive advantage, which has enabled them to achieve stable and high revenue or earning growth. Given this, the type of investors that may be interested in such a company are those looking for a strong asset base, a growing business, and a high profitability rate. Unfortunately, ANSYS may not be attractive to investors looking for a high dividend rate, as this is something they are relatively weak in. However, ANSYS does have a high health score of 9/10 when considering their cashflows and debt. This indicates that they are capable of paying off debt and funding future operations. All these factors taken together make ANSYS an attractive company for the right type of investor. 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 a company that develops engineering simulation software used by engineers and designers to develop, analyze and optimize products and systems. Last Friday, the stock market saw an overall positive performance, but shares of Ansys Inc. dropped 0.34% to close at $313.92. For investors looking to analyze Ansys Inc., it is important to consider the company’s competitive advantages, products, financials and industry trends. Ansys Inc.’s competitive advantages lie in its extensive portfolio of simulation solutions and its proven track record of reliability and accuracy.
Its products include CFD simulation, multiphysics simulation, and simulation for autonomous systems. In terms of financials, the company has seen consistent revenue growth and positive earnings in recent years. It is also well-positioned to take advantage of the increasing demand for simulation solutions across various industries.
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