5 Best 3D Printing Stocks To Buy

3. ANSYS, Inc. (NASDAQ:ANSS)

Number of Hedge Fund Holders: 46

ANSYS, Inc. (NASDAQ:ANSS) is a software company based in Pennsylvania, involved in the development and marketing of Multiphysics engineering simulation solutions. Through its Ansys Additive Solutions software, the firm enables additive manufacturing designs, as well as simulations of the metal additive manufacturing process, thus reducing product development time. The company ranks third on our list of the 10 best 3D printing stocks to buy.

On August 6, Benchmark analyst Mark Schappel raised his price target on ANSYS, Inc. (NASDAQ:ANSS) to $415 from $370, and kept a Buy rating on the shares of the company following what he calls a “great” Q2.

The firm last issued its quarterly earnings report for the second quarter of 2021 on August 4, with reported earnings per share of $1.85, surpassing consensus estimates by $0.29. The company also reported revenues amounting to $452.55 million, beating forecast predictions by $19.21 million.

By the end of the second quarter of 2021, 46 hedge funds out of the 873 tracked by Insider Monkey held stakes in ANSYS, Inc. (NASDAQ:ANSS). The total value of their stakes came up to roughly $1.45 billion, an increase from 33 hedge fund holders in the previous quarter with a total stake value of about $1.5 billion.

Out of the hedge funds being tracked by Insider Monkey, London-based Impax Asset Management is a leading shareholder in ANSYS, Inc. (NASDAQ:ANSS), with over 738,492 shares worth more than $256 million.

Baron Growth Fund, in its Q1 2021 investor letter, mentioned ANSYS, Inc. (NASDAQ:ANSS), and shared their insights on the company. Here is what the fund 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.”