Notable Stock to Watch: ANSYS, Inc. (NASDAQ: ANSS)

ANSYS, Inc. (NASDAQ: ANSS) observed a decline of -0.07% on FRIDAY trading period with closing price of $220. The company’s last traded volume of 788311 shares vs to an average volume of 472.93K shares. The stock as of last trading session moved at 60.82% from its 52-week low and was trading at -4.01% to its 52-week high.

ANSYS (ANSS) is working with Microsoft to extend Microsoft Azure Digital Twins with ANSYS ® Twin Builder™ to enable mutual consumers to importantly improve operations. The alliance will empower Microsoft’s enterprise consumers to more accurately predict an asset’s future performance and reduce unplanned downtime expenses enabling users to slash product maintenance costs and speed high-quality products to market.

“As industrial companies require comprehensive field data and actionable insights to further optimize deployed asset performance, ecosystem partners must collaborate to form business solutions,” stated Eric Bantegnie, vice president and general manager at ANSYS. “ANSYS Twin Builder’s complementary simulation data stream augments Microsoft Azure IoT Services and greatly enhances their consumers’ understanding of asset performance.”

Sam George, Corporate Vice President of Azure IoT at Microsoft Corp., stated, “As Microsoft Azure consumers adopt IoT and Digital Twins to understand their business assets in real time, many are now looking for analytics tools that help them find new insights. Collaborating with ANSYS to extend Azure Digital Twins provides our consumers with an understanding of their deployed assets’ performance by leveraging physics and simulation-based analytics.”

Analyst recommendation for this stock stands at 2.2. The volatility in the previous week has experienced by 2.09% and observed of 1.95% in the previous month. 98.25% ownership is held by institutional investors while insiders hold ownership of 0.90%. In the trailing 12 months period, return on assets ratio of the Company was 13.30% and return on equity ratio was 16.40% while its return on investment ratio was 15.50%.