Sumitomo Mitsui DS Asset Management increases stake in ANSYS by 8.4% in third quarter

☀️Trending News

ANSYS ($NASDAQ:ANSS), Inc. is a well-known global leader in engineering simulation software, helping companies across various industries to optimize their product designs and processes through virtual testing. The company has a strong reputation for delivering reliable and accurate simulation solutions, driving innovation and cost savings for its clients. Recently, there has been a significant development in ANSYS’s ownership structure. According to the 13F filings, Sumitomo Mitsui DS Asset Management Company Ltd, a subsidiary of the leading Japanese financial group Sumitomo Mitsui Financial Group, has increased its stake in ANSYS by 8.4% in the third quarter. This move also reflects the company’s strong financial standing and positive outlook, which has attracted the interest of prominent international investors. This consistent increase in stake shows a long-term commitment to ANSYS and its future prospects.

The news of Sumitomo Mitsui DS Asset Management’s increased stake in ANSYS is likely to have a positive impact on the company’s stock performance. It sends a strong signal to other investors about the attractiveness of ANSYS as a long-term investment opportunity. With the growing demand for engineering simulation software and ANSYS’s strong market position, this is an exciting time for both the company and its shareholders. It not only reinforces the company’s financial stability but also highlights its potential for growth and success in the engineering simulation market. With the continued support of prominent investors like Sumitomo Mitsui DS Asset Management, ANSYS is well-positioned for continued success in the future.

Analysis

After conducting a thorough analysis of ANSYS‘s overall health, I can confidently say that this company has a strong standing in the market. Using the Star Chart, which evaluates key financial metrics, we can see that ANSYS excels in asset management, growth potential, and profitability. However, it may not be an ideal choice for investors seeking regular dividend payouts. In terms of financial health, ANSYS has proven to be a solid performer with a high health score of 8/10. This is due to its strong cashflows and manageable debt levels, indicating that the company is capable of paying off its debt and funding future operations. This is an attractive quality for investors as it shows stability and potential for growth. In addition, ANSYS falls under the category of ‘gorilla’ companies, which refers to those that have achieved sustained and high levels of revenue or earning growth due to having a strong competitive advantage. This further reinforces the company’s strength in the market and its ability to weather any potential challenges. Based on this analysis, it is likely that investors who are looking for stable and high-growth opportunities would be interested in ANSYS. Its strong financial health and competitive advantage make it an attractive option for those seeking long-term investments. However, it may not be suitable for investors who prioritize dividend income. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ansys. ANSYS_by_8.4_in_third_quarter”>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ansys. ANSYS_by_8.4_in_third_quarter”>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ansys. ANSYS_by_8.4_in_third_quarter”>More…

Key Ratios Snapshot

Some of the financial key ratios for Ansys are shown below. ANSYS_by_8.4_in_third_quarter”>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

Sumitomo Mitsui DS Asset Management Company Ltd increased their holdings in ANSYS, Inc. by 8.4% in the third quarter. This suggests that the company’s stock is viewed favorably by institutional investors. ANSYS, Inc. is a leading provider of engineering simulation software and services, catering to industries such as aerospace, automotive, and manufacturing.

The increase in investment could signal confidence in the company’s growth potential and financial performance. Investors interested in ANSYS may want to consider the opinions of institutional investors like Sumitomo Mitsui DS Asset Management Company Ltd when making their own investment decisions.