10 Best 3D Printing and Additive Manufacturing Stocks To Buy

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1. ANSYS, Inc. (NASDAQ:ANSS)

Number of Hedge Fund Holders: 56

ANSYS, Inc. (NASDAQ:ANSS) is an information technology company based in Canonsburg, Pennsylvania. The company’s growth is propelled forward by its strong computational software which aids engineers simulate their creations to observe their behavior in the real world.

ANSYS, Inc. (NASDAQ:ANSS) entered into a strategic partnership with another 3D printing company, Materialise, late last year to deliver integrated digital solutions in the additive manufacturing industry. The partnership aims to integrate ANSYS, Inc.’s (NASDAQ:ANSS) Additive Suite into Materialise’s data and build a preparation tool by the name of Magics which will aim to provide a best-in-class workflow to manage additive manufacturing industrial projects across industries.

ANSYS, Inc. (NASDAQ:ANSS) had 56 hedge funds long its stock in the first quarter, with a total stake value of $2.4 billion.

This is what Conestoga Capital Advisors said about ANSYS, Inc. (NASDAQ:ANSS) in its first-quarter 2024 investor letter:

“ANSYS, Inc. (NASDAQ:ANSS): ANSS is the industry leader in selling computer-aided engineering (CAE) software that allows engineers to simulate how product designs will behave in real world environments before they are manufactured. Shares underperforming during the quarter due to its pending acquisition by Synopsys (SNPS) which is not all cash, rather a combination of cash and SNPS shares.”

While we acknowledge the potential of ANSYS, Inc. (NASDAQ:ANSS) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

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