Intrinsic value of Ansys - ANSS

Previous Close

$158.90

  Intrinsic Value

$96.49

stock screener

  Rating & Target

sell

-39%

Previous close

$158.90

 
Intrinsic value

$96.49

 
Up/down potential

-39%

 
Rating

sell

We calculate the intrinsic value of ANSS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 13.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  15.90
  14.81
  13.83
  12.95
  12.15
  11.44
  10.79
  10.21
  9.69
  9.22
  8.80
  8.42
  8.08
  7.77
  7.49
  7.24
  7.02
  6.82
  6.64
  6.47
  6.33
  6.19
  6.07
  5.97
  5.87
  5.78
  5.70
  5.63
  5.57
  5.51
Revenue, $m
  1,269
  1,457
  1,659
  1,874
  2,101
  2,342
  2,594
  2,859
  3,137
  3,426
  3,727
  4,041
  4,368
  4,707
  5,060
  5,426
  5,807
  6,203
  6,615
  7,043
  7,488
  7,952
  8,435
  8,938
  9,463
  10,010
  10,581
  11,177
  11,800
  12,451
Variable operating expenses, $m
  761
  851
  948
  1,051
  1,160
  1,275
  1,396
  1,523
  1,655
  1,794
  1,784
  1,935
  2,091
  2,253
  2,422
  2,598
  2,780
  2,970
  3,167
  3,372
  3,585
  3,807
  4,038
  4,279
  4,530
  4,792
  5,066
  5,351
  5,649
  5,961
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  761
  851
  948
  1,051
  1,160
  1,275
  1,396
  1,523
  1,655
  1,794
  1,784
  1,935
  2,091
  2,253
  2,422
  2,598
  2,780
  2,970
  3,167
  3,372
  3,585
  3,807
  4,038
  4,279
  4,530
  4,792
  5,066
  5,351
  5,649
  5,961
Operating income, $m
  508
  606
  711
  823
  942
  1,067
  1,199
  1,337
  1,481
  1,632
  1,943
  2,107
  2,277
  2,454
  2,637
  2,829
  3,027
  3,233
  3,448
  3,671
  3,903
  4,145
  4,397
  4,659
  4,933
  5,218
  5,516
  5,826
  6,151
  6,490
EBITDA, $m
  702
  806
  918
  1,037
  1,163
  1,296
  1,435
  1,582
  1,735
  1,895
  2,062
  2,236
  2,417
  2,604
  2,799
  3,002
  3,213
  3,432
  3,660
  3,897
  4,143
  4,400
  4,667
  4,945
  5,236
  5,538
  5,854
  6,184
  6,529
  6,889
Interest expense (income), $m
  1
  0
  6
  13
  19
  27
  35
  43
  52
  61
  70
  80
  91
  101
  113
  124
  136
  149
  162
  176
  190
  205
  220
  236
  252
  270
  288
  307
  326
  347
  368
Earnings before tax, $m
  508
  600
  699
  804
  915
  1,032
  1,156
  1,285
  1,421
  1,562
  1,863
  2,016
  2,175
  2,341
  2,513
  2,692
  2,878
  3,071
  3,272
  3,481
  3,699
  3,925
  4,161
  4,407
  4,663
  4,930
  5,209
  5,500
  5,804
  6,122
Tax expense, $m
  137
  162
  189
  217
  247
  279
  312
  347
  384
  422
  503
  544
  587
  632
  679
  727
  777
  829
  884
  940
  999
  1,060
  1,123
  1,190
  1,259
  1,331
  1,406
  1,485
  1,567
  1,653
Net income, $m
  371
  438
  510
  587
  668
  754
  844
  938
  1,037
  1,140
  1,360
  1,472
  1,588
  1,709
  1,835
  1,965
  2,101
  2,242
  2,389
  2,541
  2,700
  2,865
  3,038
  3,217
  3,404
  3,599
  3,803
  4,015
  4,237
  4,469

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,096
  3,555
  4,046
  4,570
  5,125
  5,711
  6,328
  6,974
  7,650
  8,356
  9,091
  9,857
  10,653
  11,481
  12,341
  13,235
  14,164
  15,130
  16,134
  17,178
  18,264
  19,396
  20,574
  21,801
  23,081
  24,415
  25,808
  27,262
  28,780
  30,367
Adjusted assets (=assets-cash), $m
  3,096
  3,555
  4,046
  4,570
  5,125
  5,711
  6,328
  6,974
  7,650
  8,356
  9,091
  9,857
  10,653
  11,481
  12,341
  13,235
  14,164
  15,130
  16,134
  17,178
  18,264
  19,396
  20,574
  21,801
  23,081
  24,415
  25,808
  27,262
  28,780
  30,367
Revenue / Adjusted assets
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
  0.410
Average production assets, $m
  947
  1,087
  1,238
  1,398
  1,568
  1,747
  1,935
  2,133
  2,340
  2,556
  2,781
  3,015
  3,258
  3,511
  3,775
  4,048
  4,332
  4,628
  4,935
  5,254
  5,586
  5,932
  6,293
  6,668
  7,059
  7,468
  7,894
  8,338
  8,803
  9,288
Working capital, $m
  -255
  -293
  -333
  -377
  -422
  -471
  -521
  -575
  -630
  -689
  -749
  -812
  -878
  -946
  -1,017
  -1,091
  -1,167
  -1,247
  -1,330
  -1,416
  -1,505
  -1,598
  -1,695
  -1,797
  -1,902
  -2,012
  -2,127
  -2,247
  -2,372
  -2,503
Total debt, $m
  112
  232
  360
  497
  642
  795
  956
  1,124
  1,301
  1,485
  1,677
  1,877
  2,085
  2,301
  2,525
  2,759
  3,001
  3,253
  3,515
  3,788
  4,071
  4,366
  4,674
  4,994
  5,328
  5,677
  6,040
  6,420
  6,816
  7,230
Total liabilities, $m
  808
  928
  1,056
  1,193
  1,338
  1,491
  1,652
  1,820
  1,997
  2,181
  2,373
  2,573
  2,780
  2,996
  3,221
  3,454
  3,697
  3,949
  4,211
  4,483
  4,767
  5,062
  5,370
  5,690
  6,024
  6,372
  6,736
  7,115
  7,512
  7,926
Total equity, $m
  2,288
  2,627
  2,990
  3,377
  3,788
  4,221
  4,676
  5,154
  5,653
  6,175
  6,718
  7,284
  7,872
  8,484
  9,120
  9,781
  10,467
  11,181
  11,923
  12,694
  13,497
  14,333
  15,204
  16,111
  17,057
  18,043
  19,072
  20,146
  21,269
  22,441
Total liabilities and equity, $m
  3,096
  3,555
  4,046
  4,570
  5,126
  5,712
  6,328
  6,974
  7,650
  8,356
  9,091
  9,857
  10,652
  11,480
  12,341
  13,235
  14,164
  15,130
  16,134
  17,177
  18,264
  19,395
  20,574
  21,801
  23,081
  24,415
  25,808
  27,261
  28,781
  30,367
Debt-to-equity ratio
  0.050
  0.090
  0.120
  0.150
  0.170
  0.190
  0.200
  0.220
  0.230
  0.240
  0.250
  0.260
  0.260
  0.270
  0.280
  0.280
  0.290
  0.290
  0.290
  0.300
  0.300
  0.300
  0.310
  0.310
  0.310
  0.310
  0.320
  0.320
  0.320
  0.320
Adjusted equity ratio
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739
  0.739

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  371
  438
  510
  587
  668
  754
  844
  938
  1,037
  1,140
  1,360
  1,472
  1,588
  1,709
  1,835
  1,965
  2,101
  2,242
  2,389
  2,541
  2,700
  2,865
  3,038
  3,217
  3,404
  3,599
  3,803
  4,015
  4,237
  4,469
Depreciation, amort., depletion, $m
  194
  200
  207
  214
  221
  229
  237
  245
  254
  263
  119
  129
  140
  151
  162
  174
  186
  199
  212
  225
  240
  255
  270
  286
  303
  320
  339
  358
  378
  399
Funds from operations, $m
  565
  638
  717
  800
  889
  982
  1,080
  1,183
  1,291
  1,403
  1,479
  1,601
  1,728
  1,860
  1,997
  2,139
  2,287
  2,441
  2,601
  2,767
  2,940
  3,120
  3,308
  3,503
  3,707
  3,920
  4,141
  4,373
  4,615
  4,868
Change in working capital, $m
  -35
  -38
  -41
  -43
  -46
  -48
  -51
  -53
  -56
  -58
  -61
  -63
  -66
  -68
  -71
  -74
  -77
  -80
  -83
  -86
  -90
  -93
  -97
  -101
  -105
  -110
  -115
  -120
  -125
  -131
Cash from operations, $m
  600
  676
  757
  843
  935
  1,031
  1,131
  1,237
  1,347
  1,462
  1,540
  1,664
  1,793
  1,928
  2,068
  2,213
  2,364
  2,520
  2,683
  2,853
  3,029
  3,213
  3,405
  3,604
  3,812
  4,030
  4,256
  4,493
  4,740
  4,998
Maintenance CAPEX, $m
  -35
  -41
  -47
  -53
  -60
  -67
  -75
  -83
  -92
  -100
  -110
  -119
  -129
  -140
  -151
  -162
  -174
  -186
  -199
  -212
  -225
  -240
  -255
  -270
  -286
  -303
  -320
  -339
  -358
  -378
New CAPEX, $m
  -130
  -140
  -150
  -160
  -170
  -179
  -189
  -198
  -207
  -216
  -225
  -234
  -244
  -253
  -263
  -273
  -284
  -295
  -307
  -319
  -332
  -346
  -360
  -375
  -391
  -408
  -426
  -445
  -464
  -485
Cash from investing activities, $m
  -165
  -181
  -197
  -213
  -230
  -246
  -264
  -281
  -299
  -316
  -335
  -353
  -373
  -393
  -414
  -435
  -458
  -481
  -506
  -531
  -557
  -586
  -615
  -645
  -677
  -711
  -746
  -784
  -822
  -863
Free cash flow, $m
  435
  495
  560
  630
  705
  784
  868
  956
  1,049
  1,145
  1,205
  1,311
  1,421
  1,535
  1,654
  1,777
  1,906
  2,039
  2,178
  2,322
  2,472
  2,628
  2,790
  2,959
  3,135
  3,318
  3,510
  3,709
  3,918
  4,135
Issuance/(repayment) of debt, $m
  112
  120
  128
  137
  145
  153
  161
  169
  176
  184
  192
  200
  208
  216
  225
  233
  242
  252
  262
  273
  284
  295
  307
  320
  334
  348
  363
  379
  396
  414
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  112
  120
  128
  137
  145
  153
  161
  169
  176
  184
  192
  200
  208
  216
  225
  233
  242
  252
  262
  273
  284
  295
  307
  320
  334
  348
  363
  379
  396
  414
Total cash flow (excl. dividends), $m
  548
  615
  688
  767
  850
  937
  1,029
  1,125
  1,225
  1,330
  1,397
  1,510
  1,628
  1,751
  1,878
  2,011
  2,148
  2,291
  2,440
  2,594
  2,755
  2,923
  3,097
  3,279
  3,469
  3,667
  3,873
  4,089
  4,314
  4,549
Retained Cash Flow (-), $m
  -315
  -339
  -363
  -387
  -410
  -433
  -456
  -478
  -500
  -521
  -543
  -566
  -588
  -612
  -636
  -661
  -687
  -714
  -742
  -772
  -803
  -836
  -871
  -907
  -946
  -986
  -1,029
  -1,074
  -1,122
  -1,173
Prev. year cash balance distribution, $m
  273
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  506
  276
  325
  380
  439
  504
  573
  647
  725
  808
  854
  945
  1,040
  1,139
  1,242
  1,350
  1,462
  1,577
  1,698
  1,823
  1,952
  2,087
  2,227
  2,372
  2,523
  2,680
  2,844
  3,014
  3,192
  3,377
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  485
  253
  283
  313
  340
  366
  387
  404
  417
  424
  405
  403
  395
  382
  365
  343
  318
  290
  261
  232
  202
  173
  146
  121
  98
  78
  61
  47
  35
  25
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

ANSYS, Inc. (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for product development, from design concept to final-stage testing and validation. The Company distributes its ANSYS suite of simulation technologies through a network of independent resellers and distributors, and direct sales offices in various locations. Its product portfolio consists of Simulation Platform: ANSYS Workbench, Structures, Fluids, Electronics, Semiconductors, Multiphysics, AIM, Embedded Software, Systems, Three Dimensional (3-D) Direct Modeling and Academic.

FINANCIAL RATIOS  of  Ansys (ANSS)

Valuation Ratios
P/E Ratio 51.2
Price to Sales 13.8
Price to Book 6.2
Price to Tangible Book
Price to Cash Flow 38.1
Price to Free Cash Flow 39.5
Growth Rates
Sales Growth Rate 4.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -25%
Cap. Spend. - 3 Yr. Gr. Rate -16.2%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 381
Management Effectiveness
Return On Assets 9.6%
Ret/ On Assets - 3 Yr. Avg. 9.4%
Return On Total Capital 12.1%
Ret/ On T. Cap. - 3 Yr. Avg. 11.8%
Return On Equity 12.1%
Return On Equity - 3 Yr. Avg. 11.8%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 85.2%
Gross Margin - 3 Yr. Avg. 84.4%
EBITDA Margin 45.6%
EBITDA Margin - 3 Yr. Avg. 46%
Operating Margin 38.1%
Oper. Margin - 3 Yr. Avg. 37.6%
Pre-Tax Margin 38.5%
Pre-Tax Margin - 3 Yr. Avg. 37.8%
Net Profit Margin 26.9%
Net Profit Margin - 3 Yr. Avg. 27%
Effective Tax Rate 30%
Eff/ Tax Rate - 3 Yr. Avg. 28.6%
Payout Ratio 0%

ANSS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ANSS stock intrinsic value calculation we used $1095.25 million for the last fiscal year's total revenue generated by Ansys. The default revenue input number comes from 0001 income statement of Ansys. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ANSS stock valuation model: a) initial revenue growth rate of 15.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for ANSS is calculated based on our internal credit rating of Ansys, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Ansys.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ANSS stock the variable cost ratio is equal to 61.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ANSS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Ansys.

Corporate tax rate of 27% is the nominal tax rate for Ansys. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ANSS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ANSS are equal to 74.6%.

Life of production assets of 23.3 years is the average useful life of capital assets used in Ansys operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ANSS is equal to -20.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2245.831 million for Ansys - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 84.017 million for Ansys is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Ansys at the current share price and the inputted number of shares is $13.4 billion.

RELATED COMPANIES Price Int.Val. Rating
CDNS Cadence Design 39.99 36.98  hold
SNPS Synopsys 88.12 59.27  sell
TEL TE Connectivit 78.91 95.85  hold
PTC PTC 94.76 15.86  str.sell

COMPANY NEWS

▶ Prith Banerjee Joins ANSYS As Chief Technology Officer   [Oct-11-18 07:10AM  PR Newswire]
▶ IBD Stock Of The Day: Recent IPO Altair Breaks Out On Earnings   [Aug-10-18 09:41AM  Investor's Business Daily]
▶ ANSYS, Inc. to Host Earnings Call   [06:30AM  ACCESSWIRE]
▶ Ansys: 2Q Earnings Snapshot   [Aug-06-18 05:43PM  Associated Press]
▶ PTC (PTC) Q3 2018 Earnings Conference Call Transcript   [Jul-19-18 09:40PM  Motley Fool]
▶ Ansys technology helps race car break record   [Jun-27-18 08:19AM  American City Business Journals]
▶ CEO-to-median employee pay ratios leave analysts scratching heads   [07:54AM  American City Business Journals]
▶ 3 Reasons Why Goldman Sachs Turned Bullish On Ansys   [Jun-20-18 11:46AM  Benzinga]
▶ Ansys technology to power electric Volkswagen sports car in Pikes Peak race   [Jun-19-18 08:30AM  American City Business Journals]
▶ 7 Stocks That Are Speeding Past the Market   [Jun-12-18 12:15PM  Investopedia]
▶ ANSYS to Present at Upcoming Investor Conferences   [May-29-18 08:09AM  GlobeNewswire]
▶ ANSYS Awarded 2018 Achievement In Customer Excellence   [May-22-18 07:05AM  PR Newswire]
▶ Ansys acquires self-driving car simulation company   [08:02AM  American City Business Journals]
▶ Ansys to take more office space at Southpointe   [07:50AM  American City Business Journals]
▶ Ansys: 1Q Earnings Snapshot   [May-02-18 05:36PM  Associated Press]
▶ Ansys to acquire optical simulation company   [Mar-22-18 08:05AM  American City Business Journals]
▶ ANSYS Inc (NASDAQ:ANSS): Immense Growth Potential?   [Mar-16-18 11:26AM  Simply Wall St.]
▶ Defining Valuation: DCF and Other Tools Part 3   [Feb-28-18 12:02PM  GuruFocus.com]
▶ ANSYS, Inc. to Host Earnings Call   [06:30AM  ACCESSWIRE]
▶ Ansys tops Street 4Q forecasts   [Feb-21-18 05:17PM  Associated Press]
▶ 5 Companies Hit 52-Week Highs   [Feb-20-18 11:52AM  GuruFocus.com]
▶ ANSYS Announces Winners of 2018 Hall of Fame Competition   [Jan-09-18 07:05AM  PR Newswire]
▶ Dr. Alec Gallimore Named to ANSYS Board of Directors   [Dec-19-17 08:29AM  GlobeNewswire]
▶ Ansys Shows Rising Price Performance With Jump To 91 RS Rating   [03:00AM  Investor's Business Daily]
▶ ETFs with exposure to ANSYS, Inc. : December 11, 2017   [Dec-11-17 01:27PM  Capital Cube]
▶ What Do Analysts Think About Ansys Incs (ANSS) Growth?   [Dec-01-17 09:50AM  Simply Wall St.]
▶ ETFs with exposure to ANSYS, Inc. : November 30, 2017   [Nov-30-17 01:19PM  Capital Cube]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.