In recent news,
ANSYS, Inc. (NASDAQ:ANSS) underwent significant stock activity. Several investment companies including
Benjamin F. Edwards & Company Inc., Segantii Capital Management Ltd, Victory Capital Management Inc., Everpar Advisors LLC, and
Swiss National Bank either sourced, purchased or trimmed their shares of ANSYS. The company continues to gain traction with its simulation solutions however, reported sales were under analyst estimates in Q1 earnings and Q1 earnings and revenues missed estimates. Ansys established strategic collaborations with
TSMC and
NVIDIA but was given an average recommendation of “
Reduce” by brokerages.
Synopsys is set to acquire the firm for
$35 billion, sending both stocks rising. Ansys launched an innovative, AI-driven platform called AnsysGPT and partnered with SynMatrix to accelerate RF (Radio Frequency) Filter Design. Notably,
Nvidia CEO mentioned Ansys in a conversation that instigated an increase in stock value. Yet, the high valuation of Ansys stock poses certain risks. Earnings for Q4 were successful though financial performance during Q1 fell short. Lastly, they concluded the first quarter of 2024 with a slightly decreased short interest, missing their quarterly earnings expectations.
Ansys ANSS News Analytics from Mon, 21 Aug 2023 07:00:00 GMT to Fri, 10 May 2024 12:24:45 GMT -
Rating 8
- Innovation 6
- Information -3
- Rumor 2
