Ansys becoming part of Nasdaq-100 Index
December 17, 2019
Pittsburgh Business Times
'Twas two nights before Christmas and this local company will be stirring big-time.
Ansys Inc. will become a component of the Nasdaq-100 Index on Dec. 23 with the start of trading, the developer of engineering simulation software announced on Monday.
Ansys (NASDAQ:ANSS) is based in Canonsburg. It was founded in 1970.
The Nasdaq-100 is composed of the 100 largest non-financial company stocks listed on the exchange, based on market capitalization. Dating back to January 1985, the index acts as a benchmark for financial products such as options, futures and funds. It is evaluated each year in December, timed to coincide with the quadruple witching expiration Friday of the quarter.
“We are honored to join this elite group of the world’s most successful and dynamic companies on the Nasdaq-100 Index,” Ajei Gopal, Ansys president and CEO, said in a release. “The simulation market has incredible growth opportunities and Ansys’ world-class ecosystem and innovative solutions ensure that we are in the best possible position to take advantage of them.”