5 3D Printing Stocks Hedge Funds Like

2. ANSYS, Inc. (NASDAQ:ANSS)

Number of Hedge Funds: 38

ANSYS, Inc. (NASDAQ:ANSS) is a Pennsylvania-based software company that focuses on multiphysics engineering software to customers across the world. The company entered the additive manufacturing market in 2017 after acquiring 3DSIM.

At the end of the third quarter of 2021, ANSYS, Inc. (NASDAQ:ANSS) had an EPS of $1.59 compared to $1.35 estimates.

As of the third quarter of 2021, among the hedge funds tracked by Insider Monkey, Impax Asset Management holds the largest stake in ANSYS, Inc. (NASDAQ:ANSS) with 770,859 million shares worth $262.4 million. In the third quarter, three of the four hedge funds that hold the highest position in ANSYS, Inc. (NASDAQ:ANSS) have increased their holding in the company.

ANSYS, Inc. (NASDAQ:ANSS) was mentioned by Baron Funds in their first-quarter investor letter: Here is what it said:

“ANSYS, Inc. is a leading provider of physics-based simulation software used to evaluate how products will perform under various scenarios. Shares fell amid a broader market correction in software valuations after a robust 2020. We retain conviction as ANSYS presented strong growth with large accounts and resiliency in its core business throughout 2020, supported by its diversified customer base and focus on secular growth initiatives.”