Aspen Technology, Inc. (AZPN) Holdings Lifted by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. boosted its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 51.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,230 shares of the technology company’s stock after acquiring an additional 2,105 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Aspen Technology were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in Aspen Technology by 0.6% during the second quarter. Public Employees Retirement System of Ohio now owns 51,326 shares of the technology company’s stock worth $2,836,000 after acquiring an additional 293 shares in the last quarter. Koch Industries Inc. lifted its holdings in Aspen Technology by 8,875.5% during the second quarter. Koch Industries Inc. now owns 1,184,948 shares of the technology company’s stock worth $1,164,000 after acquiring an additional 1,171,746 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Aspen Technology during the second quarter worth about $2,107,000. Nomura Holdings Inc. bought a new position in Aspen Technology during the second quarter worth about $530,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Aspen Technology by 51.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 160,600 shares of the technology company’s stock worth $8,875,000 after acquiring an additional 54,600 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: “Aspen Technology, Inc. (AZPN) Holdings Lifted by Cookson Peirce & Co. Inc.” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/17/aspen-technology-inc-azpn-holdings-lifted-by-cookson-peirce-co-inc.html.

Shares of Aspen Technology, Inc. (AZPN) traded up 0.35% during mid-day trading on Tuesday, hitting $65.74. The stock had a trading volume of 36,465 shares. The company has a market cap of $4.81 billion, a P/E ratio of 31.16 and a beta of 1.24. The firm’s 50 day moving average price is $63.62 and its 200 day moving average price is $59.61. Aspen Technology, Inc. has a 1-year low of $46.21 and a 1-year high of $65.98.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Thursday, August 10th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.29. The company had revenue of $123.68 million for the quarter, compared to the consensus estimate of $119.55 million. Aspen Technology’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. Analysts predict that Aspen Technology, Inc. will post $1.99 earnings per share for the current fiscal year.

In other news, VP F G. Hammond sold 3,388 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $60.60, for a total transaction of $205,312.80. Following the transaction, the vice president now owns 20,733 shares of the company’s stock, valued at approximately $1,256,419.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl E. Johnsen sold 1,969 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $59.14, for a total transaction of $116,446.66. Following the transaction, the insider now directly owns 28,530 shares in the company, valued at approximately $1,687,264.20. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Several research analysts have weighed in on the company. BidaskClub upgraded Aspen Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered Aspen Technology from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Wedbush restated a “neutral” rating and issued a $59.00 price target on shares of Aspen Technology in a report on Wednesday, June 28th. Canaccord Genuity restated a “hold” rating on shares of Aspen Technology in a report on Friday, August 11th. Finally, Berenberg Bank initiated coverage on Aspen Technology in a report on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 price target on the stock. Five equities research analysts have rated the stock with a ho

A number of other hedge funds have also bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in Aspen Technology by 0.6% during the second quarter. Public Employees Retirement System of Ohio now owns 51,326 shares of the technology company’s stock worth $2,836,000 after acquiring an additional 293 shares in the last quarter. Koch Industries Inc. lifted its holdings in Aspen Technology by 8,875.5% during the second quarter. Koch Industries Inc. now owns 1,184,948 shares of the technology company’s stock worth $1,164,000 after acquiring an additional 1,171,746 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Aspen Technology during the second quarter worth about $2,107,000. Nomura Holdings Inc. bought a new position in Aspen Technology during the second quarter worth about $530,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Aspen Technology by 51.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 160,600 shares of the technology company’s stock worth $8,875,000 after acquiring an additional 54,600 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: “Aspen Technology, Inc. (AZPN) Holdings Lifted by Cookson Peirce & Co. Inc.” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/17/aspen-technology-inc-azpn-holdings-lifted-by-cookson-peirce-co-inc.html.

Shares of Aspen Technology, Inc. (AZPN) traded up 0.35% during mid-day trading on Tuesday, hitting $65.74. The stock had a trading volume of 36,465 shares. The company has a market cap of $4.81 billion, a P/E ratio of 31.16 and a beta of 1.24. The firm’s 50 day moving average price is $63.62 and its 200 day moving average price is $59.61. Aspen Technology, Inc. has a 1-year low of $46.21 and a 1-year high of $65.98.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Thursday, August 10th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.29. The company had revenue of $123.68 million for the quarter, compared to the consensus estimate of $119.55 million. Aspen Technology’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. Analysts predict that Aspen Technology, Inc. will post $1.99 earnings per share for the current fiscal year.

In other news, VP F G. Hammond sold 3,388 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $60.60, for a total transaction of $205,312.80. Following the transaction, the vice president now owns 20,733 shares of the company’s stock, valued at approximately $1,256,419.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl E. Johnsen sold 1,969 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $59.14, for a total transaction of $116,446.66. Following the transaction, the insider now directly owns 28,530 shares in the company, valued at approximately $1,687,264.20. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Several research analysts have weighed in on the company. BidaskClub upgraded Aspen Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered Aspen Technology from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Wedbush restated a “neutral” rating and issued a $59.00 price target on shares of Aspen Technology in a report on Wednesday, June 28th. Canaccord Genuity restated a “hold” rating on shares of Aspen Technology in a report on Friday, August 11th. Finally, Berenberg Bank initiated coverage on Aspen Technology in a report on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $61.50.

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.

Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

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