Cannon Global Investment Management LLC Boosts Holdings in ANSYS, Inc. (NASDAQ:ANSS)

Cannon Global Investment Management LLC increased its position in shares of ANSYS, Inc. (NASDAQ:ANSS - Free Report) by 37.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,500 shares of the software maker's stock after acquiring an additional 1,500 shares during the period. ANSYS makes up about 3.1% of Cannon Global Investment Management LLC's investment portfolio, making the stock its 3rd largest position. Cannon Global Investment Management LLC's holdings in ANSYS were worth $1,741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new position in shares of ANSYS during the 4th quarter valued at $300,000. Smartleaf Asset Management LLC raised its holdings in ANSYS by 15.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,061 shares of the software maker's stock worth $359,000 after acquiring an additional 145 shares during the period. Jones Financial Companies Lllp lifted its position in ANSYS by 114.9% during the 4th quarter. Jones Financial Companies Lllp now owns 821 shares of the software maker's stock worth $277,000 after acquiring an additional 439 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of ANSYS in the fourth quarter valued at about $47,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of ANSYS by 6.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,773 shares of the software maker's stock worth $598,000 after purchasing an additional 109 shares during the period. 92.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Glenda Dorchak sold 200 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $300.01, for a total transaction of $60,002.00. Following the completion of the transaction, the director directly owned 3,230 shares in the company, valued at approximately $969,032.30. The trade was a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered ANSYS from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.

ANSYS Stock Performance

ANSS traded up $11.39 during trading on Friday, reaching $364.60. 874,214 shares of the company's stock were exchanged, compared to its average volume of 521,206. The company has a market capitalization of $32.06 billion, a P/E ratio of 54.09, a PEG ratio of 3.63 and a beta of 1.19. ANSYS, Inc. has a fifty-two week low of $275.06 and a fifty-two week high of $368.00. The business has a 50 day moving average price of $338.17 and a 200 day moving average price of $332.28. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.12.

ANSYS (NASDAQ:ANSS - Get Free Report) last released its earnings results on Wednesday, April 30th. The software maker reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.11). ANSYS had a net margin of 22.95% and a return on equity of 12.38%. The business had revenue of $504.89 million for the quarter, compared to analyst estimates of $516.81 million. During the same quarter in the previous year, the company posted $1.39 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts predict that ANSYS, Inc. will post 8.32 earnings per share for the current fiscal year.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.