Investors in high-tech industries often seek out stocks that will expose their portfolios to fast-growing markets like robotics, semiconductors, 5G, and space exploration. One company helping power all of these industries is Ansys (NASDAQ: ANSS) , a maker of simulation software. Ansys is the largest engineering simulation company in the world, and it has delivered returns of almost 12,000% for shareholders since its IPO back in 1996.
Let's investigate why this company is so special, and consider whether you should add it to your portfolio today.
Founded more than 50 years ago, Ansys provides software simulation tools for engineering departments, both academic and commercial. Its offerings include tools for simulating designs in an array of engineering niches, from mechanical to fluid and electrical. Its clientele comes from the automotive, semiconductor, space, and robotics sectors, among many others. Its software is even used by top Formula One team Red Bull to simulate and improve the performance of its racing cars.
For further details see:Does This Top Simulation Stock Belong in Your Portfolio?