Chicago Equity Partners LLC acquired a new stake in Aspen Technology Inc. (NASDAQ:AZPN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,170 shares of the company’s stock, valued at approximately $710,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Aspen Technology by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,525 shares of the company’s stock valued at $102,000 after buying an additional 1,101 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Aspen Technology during the third quarter worth $106,000. Advisor Group Inc. acquired a new stake in Aspen Technology during the second quarter worth $114,000. BNP Paribas Arbitrage SA boosted its stake in Aspen Technology by 5,010.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,271 shares of the company’s stock worth $132,000 after buying an additional 3,207 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new stake in Aspen Technology during the second quarter worth $135,000.
Aspen Technology Inc. (NASDAQ:AZPN) traded up 0.35% during trading on Thursday, reaching $55.16. 421,883 shares of the company’s stock were exchanged. Aspen Technology Inc. has a 52-week low of $29.25 and a 52-week high of $56.20. The firm has a market cap of $4.26 billion, a P/E ratio of 32.85 and a beta of 1.02. The stock’s 50 day moving average price is $54.43 and its 200 day moving average price is $48.02.
Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Thursday, October 27th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. The company earned $120.10 million during the quarter, compared to analysts’ expectations of $116.48 million. Aspen Technology had a net margin of 29.27% and a negative return on equity of 181.66%. Aspen Technology’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. Equities research analysts anticipate that Aspen Technology Inc. will post $1.83 EPS for the current fiscal year.
A number of analysts recently weighed in on AZPN shares. Pacific Crest upped their target price on shares of Aspen Technology from $55.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, November 22nd. Zacks Investment Research cut shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, December 28th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $46.00 target price on shares of Aspen Technology in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Aspen Technology presently has an average rating of “Hold” and a consensus target price of $45.00.
In other news, Director Jr. Robert M. Whelan sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $48.34, for a total transaction of $96,680.00. Following the completion of the sale, the director now owns 10,717 shares in the company, valued at approximately $518,059.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP William Griffin sold 791 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $55.29, for a total transaction of $43,734.39. Following the sale, the executive vice president now owns 48,716 shares of the company’s stock, valued at approximately $2,693,507.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,718 shares of company stock valued at $1,039,452. 0.60% of the stock is currently owned by corporate insiders.
Aspen Technology Company Profile
Aspen Technology, Inc is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries.
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