Monthly Stock Report: ANSYS, Inc. (ANSS)
Publication Date: September 22, 2024
Company Overview
ANSYS, Inc. (ANSS) is a leading technology company based in Canonsburg, Pennsylvania, specializing in engineering simulation software and services. Founded in 1970, ANSYS provides innovative tools that enhance product design, structural analysis, and electromagnetic field simulation, catering to engineers and designers across diverse industries. With a strong global presence in key markets such as the United States, Japan, Germany, China, and South Korea, ANSYS operates primarily within the Information Technology sector, specifically the Application Software sub-industry. The current stock price is $320.25, reflecting a solid financial foundation and indicating ANSYS’s significance in the engineering simulation and computational analysis domains.
Financial Performance
ANSYS reported total revenue of approximately $2.32 billion, demonstrating robust operational scale and financial health. The stock currently holds a “hold” recommendation from analysts, indicating a cautious environment. The target high price is set at $377.34, while the mean target price is projected at $341.94. Despite fluctuations in the market, stakeholders are advised to monitor the company closely, as its total of 87,386,600 shares outstanding, alongside a short interest of approximately 2.26% of its float, suggests a stable outlook amidst modest investor skepticism.
Market Analysis
Recent market trends reveal volatility around ANSYS’s stock performance, which has ranged from a fifty-two-week high of $364.31 to a low of $258.01. Currently, the stock price exceeds the fifty-day moving average of $315.88, hinting at a potential upward trend. Of the 11 analyst opinions considered, the consensus score of 2.8 reinforces the “hold” recommendation, implying a balanced approach to investment in the stock. With market analysts wary but optimistic about future performance, investors should weigh the potential for growth against the inherent risks of market dynamics.
| Metric | Value |
|---|---|
| Market Cap | $28.0b |
| Total Debt | $870.1m |
| Total Cash | $1.1b |
| Shares Outstanding | 87.4m |
| Float Shares | 87.0m |
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