Ansys Inc

ANSS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$591.00	Bhdsc	Qsbtddfbxx

Ansys: Valuation up to $327 From $262 as Synopsys Enters a Definitive Agreement to Buy Ansys

Brian Colello

Jan 17, 2024

Wide-moat Ansys has entered into a definitive agreement to be acquired by narrow-moat Synopsys in a cash and stock deal for an enterprise value of approximately $35 billion or a total consideration of $390 per share (based on stock prices as of Dec. 21 before initial reports of this acquisition surfaced). We raise our fair value estimate for Ansys to $327 per share from $262 and view shares as fairly valued.

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