ANSS Stock Summary and Trading Ideas (Ansys | NASDAQ:ANSS)

Ansys is an engineering software company that provides simulation capabilities for structural, fluids, semiconductor power, embedded software, optical, and electromagnetic properties. Ansys employs over 4,000 people and serves over 50,000 customers globally, including those in aerospace defense and automotive.

Ansys trades on the NASDAQ stock market under the symbol ANSS.

As of April 19, 2024, ANSS stock price declined to $322.12 with 155,181 million shares trading.

ANSS has a beta of 1.67, meaning it tends to be more sensitive to market movements. ANSS has a correlation of 0.40 to the broad based SPY ETF.

ANSS has a market cap of $28.12 billion. This is considered a Large Cap stock.

Last quarter Ansys reported $805 million in Revenue and $3.94 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.23.

In the last 3 years, ANSS stock traded as high as $413.89 and as low as $194.23.

The top ETF exchange traded funds that ANSS belongs to (by Net Assets): VTI, VOO, VO, QQQ, SPY.

ANSS has underperformed the market in the last year with a price return of +0.2% while the SPY ETF gained +21.1%. ANSS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.9% and -5.6%, respectively, while the SPY returned +4.2% and -3.5%, respectively.

ANSS support price is $319.97 and resistance is $329.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ANSS stock will trade within this expected range on the day.