10 Best 3D Printing Stocks To Buy Right Now

2. ANSYS, Inc. (NASDAQ:ANSS)

Number of Hedge Fund Holders: 74

ANSYS, Inc. (NASDAQ:ANSS) is a software company located in Pennsylvania that develops and markets Multiphysics engineering simulation products. The firm’s Ansys Additive Solutions software allows for additive manufacturing designs and simulations of the metal additive manufacturing process, saving product development time.

ANSYS, Inc. (NASDAQ:ANSS) reported Q4 2024 revenues of $882.2 million, which came above the average estimate of $863.49 million. This is a 10% increase in reported currency and an 11% increase in constant currency compared to the same quarter of 2023. The company’s GAAP diluted EPS stood at $3.21, lower than the predicted $3.39, while its non-GAAP diluted EPS increased to $4.44, greatly above forecasts.

On February 20, Rosenblatt Securities raised its price target for the ANSS stock to $340 from $335, while keeping a Neutral rating. The change comes after ANSYS, Inc. (NASDAQ:ANSS) announced a strong fourth-quarter result that exceeded expectations. ANSYS reported a 10% year-over-year growth in revenues, hitting $882.2 million, slightly above Rosenblatt’s projection of $872.6 million. The company also announced operating margins of 53%, which came above the expected 51%.

Conestoga Capital Advisors stated the following regarding ANSYS, Inc. (NASDAQ:ANSS) in its Q4 2024 investor letter:

“ANSYS, Inc. (NASDAQ:ANSS) is a market 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. Despite its pending acquisition by Synopsys (SNPS), the company’s stock reacted favorably to a surprisingly healthy quarter.”