Intrinsic value of Ansys - ANSS

Previous Close

$172.25

  Intrinsic Value

$65.72

stock screener

  Rating & Target

str. sell

-62%

Previous close

$172.25

 
Intrinsic value

$65.72

 
Up/down potential

-62%

 
Rating

str. 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 2017), $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 14.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  10.80
  10.22
  9.70
  9.23
  8.81
  8.42
  8.08
  7.77
  7.50
  7.25
  7.02
  6.82
  6.64
  6.47
  6.33
  6.19
  6.07
  5.97
  5.87
  5.78
  5.71
  5.63
  5.57
  5.51
  5.46
  5.42
  5.37
  5.34
  5.30
  5.27
Revenue, $m
  1,213
  1,337
  1,467
  1,602
  1,743
  1,890
  2,043
  2,202
  2,367
  2,538
  2,717
  2,902
  3,095
  3,295
  3,504
  3,721
  3,947
  4,182
  4,428
  4,684
  4,951
  5,230
  5,521
  5,826
  6,144
  6,477
  6,825
  7,189
  7,570
  7,969
Variable operating expenses, $m
  734
  794
  856
  921
  988
  1,059
  1,132
  1,208
  1,287
  1,369
  1,301
  1,389
  1,482
  1,577
  1,677
  1,781
  1,889
  2,002
  2,120
  2,242
  2,370
  2,504
  2,643
  2,789
  2,941
  3,101
  3,267
  3,442
  3,624
  3,815
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
  734
  794
  856
  921
  988
  1,059
  1,132
  1,208
  1,287
  1,369
  1,301
  1,389
  1,482
  1,577
  1,677
  1,781
  1,889
  2,002
  2,120
  2,242
  2,370
  2,504
  2,643
  2,789
  2,941
  3,101
  3,267
  3,442
  3,624
  3,815
Operating income, $m
  479
  543
  611
  682
  755
  832
  911
  994
  1,080
  1,170
  1,416
  1,513
  1,613
  1,718
  1,826
  1,939
  2,057
  2,180
  2,308
  2,441
  2,581
  2,726
  2,878
  3,037
  3,203
  3,376
  3,558
  3,747
  3,946
  4,154
EBITDA, $m
  807
  890
  976
  1,066
  1,160
  1,258
  1,360
  1,465
  1,575
  1,689
  1,808
  1,931
  2,059
  2,193
  2,331
  2,476
  2,626
  2,783
  2,946
  3,117
  3,295
  3,480
  3,674
  3,877
  4,089
  4,310
  4,542
  4,784
  5,038
  5,303
Interest expense (income), $m
  1
  0
  4
  8
  13
  18
  22
  27
  33
  38
  44
  50
  56
  62
  69
  76
  83
  90
  98
  106
  115
  123
  133
  142
  152
  163
  174
  185
  197
  210
  223
Earnings before tax, $m
  479
  539
  603
  669
  738
  809
  884
  962
  1,042
  1,126
  1,366
  1,457
  1,551
  1,649
  1,751
  1,857
  1,967
  2,082
  2,202
  2,327
  2,457
  2,594
  2,736
  2,884
  3,040
  3,202
  3,372
  3,550
  3,737
  3,932
Tax expense, $m
  129
  146
  163
  181
  199
  219
  239
  260
  281
  304
  369
  393
  419
  445
  473
  501
  531
  562
  594
  628
  663
  700
  739
  779
  821
  865
  911
  959
  1,009
  1,062
Net income, $m
  350
  394
  440
  488
  539
  591
  645
  702
  761
  822
  998
  1,064
  1,132
  1,204
  1,278
  1,355
  1,436
  1,520
  1,607
  1,699
  1,794
  1,893
  1,997
  2,106
  2,219
  2,338
  2,462
  2,592
  2,728
  2,870

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
  2,959
  3,262
  3,578
  3,908
  4,252
  4,610
  4,983
  5,370
  5,773
  6,191
  6,626
  7,078
  7,548
  8,037
  8,545
  9,074
  9,626
  10,200
  10,799
  11,423
  12,075
  12,756
  13,466
  14,209
  14,985
  15,797
  16,646
  17,534
  18,464
  19,438
Adjusted assets (=assets-cash), $m
  2,959
  3,262
  3,578
  3,908
  4,252
  4,610
  4,983
  5,370
  5,773
  6,191
  6,626
  7,078
  7,548
  8,037
  8,545
  9,074
  9,626
  10,200
  10,799
  11,423
  12,075
  12,756
  13,466
  14,209
  14,985
  15,797
  16,646
  17,534
  18,464
  19,438
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
  1,750
  1,928
  2,115
  2,311
  2,514
  2,726
  2,946
  3,175
  3,413
  3,661
  3,918
  4,185
  4,463
  4,751
  5,052
  5,365
  5,691
  6,031
  6,385
  6,754
  7,139
  7,541
  7,961
  8,400
  8,859
  9,339
  9,841
  10,366
  10,916
  11,492
Working capital, $m
  -7
  -8
  -9
  -10
  -10
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -19
  -20
  -21
  -22
  -24
  -25
  -27
  -28
  -30
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -45
  -48
Total debt, $m
  77
  156
  238
  324
  414
  508
  605
  706
  811
  920
  1,034
  1,152
  1,274
  1,402
  1,535
  1,673
  1,817
  1,967
  2,123
  2,286
  2,456
  2,634
  2,819
  3,013
  3,215
  3,427
  3,649
  3,881
  4,123
  4,378
Total liabilities, $m
  772
  851
  934
  1,020
  1,110
  1,203
  1,301
  1,402
  1,507
  1,616
  1,729
  1,847
  1,970
  2,098
  2,230
  2,368
  2,512
  2,662
  2,819
  2,982
  3,152
  3,329
  3,515
  3,708
  3,911
  4,123
  4,344
  4,576
  4,819
  5,073
Total equity, $m
  2,187
  2,410
  2,644
  2,888
  3,142
  3,407
  3,682
  3,969
  4,266
  4,575
  4,897
  5,231
  5,578
  5,939
  6,315
  6,706
  7,113
  7,538
  7,980
  8,442
  8,924
  9,426
  9,952
  10,500
  11,074
  11,674
  12,301
  12,958
  13,645
  14,364
Total liabilities and equity, $m
  2,959
  3,261
  3,578
  3,908
  4,252
  4,610
  4,983
  5,371
  5,773
  6,191
  6,626
  7,078
  7,548
  8,037
  8,545
  9,074
  9,625
  10,200
  10,799
  11,424
  12,076
  12,755
  13,467
  14,208
  14,985
  15,797
  16,645
  17,534
  18,464
  19,437
Debt-to-equity ratio
  0.040
  0.060
  0.090
  0.110
  0.130
  0.150
  0.160
  0.180
  0.190
  0.200
  0.210
  0.220
  0.230
  0.240
  0.240
  0.250
  0.260
  0.260
  0.270
  0.270
  0.280
  0.280
  0.280
  0.290
  0.290
  0.290
  0.300
  0.300
  0.300
  0.300
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
  350
  394
  440
  488
  539
  591
  645
  702
  761
  822
  998
  1,064
  1,132
  1,204
  1,278
  1,355
  1,436
  1,520
  1,607
  1,699
  1,794
  1,893
  1,997
  2,106
  2,219
  2,338
  2,462
  2,592
  2,728
  2,870
Depreciation, amort., depletion, $m
  329
  346
  365
  385
  405
  426
  448
  471
  495
  520
  392
  418
  446
  475
  505
  537
  569
  603
  638
  675
  714
  754
  796
  840
  886
  934
  984
  1,037
  1,092
  1,149
Funds from operations, $m
  678
  740
  805
  873
  944
  1,017
  1,094
  1,173
  1,256
  1,342
  1,389
  1,482
  1,578
  1,679
  1,783
  1,892
  2,005
  2,123
  2,246
  2,374
  2,508
  2,647
  2,793
  2,946
  3,105
  3,272
  3,446
  3,628
  3,819
  4,019
Change in working capital, $m
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
Cash from operations, $m
  679
  741
  806
  874
  944
  1,018
  1,094
  1,174
  1,257
  1,343
  1,390
  1,483
  1,580
  1,680
  1,784
  1,893
  2,006
  2,124
  2,247
  2,375
  2,509
  2,649
  2,795
  2,948
  3,107
  3,274
  3,448
  3,631
  3,822
  4,022
Maintenance CAPEX, $m
  -158
  -175
  -193
  -212
  -231
  -251
  -273
  -295
  -318
  -341
  -366
  -392
  -418
  -446
  -475
  -505
  -537
  -569
  -603
  -638
  -675
  -714
  -754
  -796
  -840
  -886
  -934
  -984
  -1,037
  -1,092
New CAPEX, $m
  -171
  -179
  -187
  -195
  -203
  -212
  -220
  -229
  -238
  -247
  -257
  -267
  -278
  -289
  -301
  -313
  -326
  -340
  -354
  -369
  -385
  -402
  -420
  -439
  -459
  -480
  -502
  -525
  -550
  -576
Cash from investing activities, $m
  -329
  -354
  -380
  -407
  -434
  -463
  -493
  -524
  -556
  -588
  -623
  -659
  -696
  -735
  -776
  -818
  -863
  -909
  -957
  -1,007
  -1,060
  -1,116
  -1,174
  -1,235
  -1,299
  -1,366
  -1,436
  -1,509
  -1,587
  -1,668
Free cash flow, $m
  350
  387
  426
  467
  510
  555
  602
  650
  701
  754
  767
  824
  883
  945
  1,009
  1,075
  1,144
  1,216
  1,290
  1,368
  1,449
  1,533
  1,621
  1,712
  1,808
  1,908
  2,012
  2,121
  2,235
  2,354
Issuance/(repayment) of debt, $m
  77
  79
  83
  86
  90
  94
  97
  101
  105
  109
  113
  118
  123
  128
  133
  138
  144
  150
  156
  163
  170
  178
  185
  194
  203
  212
  222
  232
  243
  254
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  
  77
  79
  83
  86
  90
  94
  97
  101
  105
  109
  113
  118
  123
  128
  133
  138
  144
  150
  156
  163
  170
  178
  185
  194
  203
  212
  222
  232
  243
  254
Total cash flow (excl. dividends), $m
  427
  466
  509
  553
  600
  648
  699
  751
  806
  863
  881
  942
  1,006
  1,072
  1,141
  1,213
  1,288
  1,365
  1,446
  1,531
  1,619
  1,710
  1,806
  1,906
  2,011
  2,120
  2,234
  2,353
  2,478
  2,608
Retained Cash Flow (-), $m
  -214
  -223
  -234
  -244
  -254
  -265
  -275
  -286
  -298
  -309
  -321
  -334
  -347
  -361
  -376
  -391
  -407
  -424
  -443
  -462
  -482
  -503
  -525
  -549
  -574
  -600
  -627
  -657
  -687
  -720
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
  54
  59
  66
  72
  79
  85
  93
  100
  108
  116
  124
  133
  142
  152
  161
  172
  182
  193
  205
  217
  229
  243
  256
  271
  285
  301
  317
  334
  352
  371
Cash available for distribution, $m
  486
  243
  275
  309
  345
  383
  423
  465
  509
  554
  559
  608
  659
  711
  766
  822
  880
  941
  1,004
  1,069
  1,137
  1,208
  1,281
  1,357
  1,437
  1,520
  1,606
  1,697
  1,791
  1,889
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
  466
  222
  239
  255
  268
  278
  286
  291
  292
  290
  266
  260
  250
  239
  225
  209
  192
  173
  155
  136
  118
  100
  84
  69
  56
  44
  34
  26
  20
  14
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 55.5
Price to Sales 14.9
Price to Book 6.7
Price to Tangible Book
Price to Cash Flow 41.3
Price to Free Cash Flow 42.8
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 million for the last fiscal year's total revenue generated by Ansys. The default revenue input number comes from 2017 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 10.8% 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 4.9%.

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 144.2%.

Life of production assets of 10 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 -0.6%. 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 - $2246 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 85 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 $14.6 billion.

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COMPANY NEWS

▶ 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]
▶ Is It Time To Sell Ansys Inc (ANSS) Based Off Its PE Ratio?   [Nov-16-17 06:37PM  Simply Wall St.]
▶ ETFs with exposure to ANSYS, Inc. : November 6, 2017   [Nov-06-17 11:04AM  Capital Cube]
▶ Ansys: S&P 500s Top Gainer on November 2   [09:10AM  Market Realist]
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