Aspen Technology, Inc. (AZPN) Insider Sells $172,800.00 in Stock

Aspen Technology, Inc. (NASDAQ:AZPN) insider Karl E. Johnsen sold 2,304 shares of Aspen Technology stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $75.00, for a total transaction of $172,800.00. Following the completion of the transaction, the insider now owns 36,180 shares of the company’s stock, valued at $2,713,500. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Aspen Technology, Inc. (AZPN) opened at $72.04 on Monday. The company has a market cap of $5,182.48, a price-to-earnings ratio of 32.90, a PEG ratio of 21.51 and a beta of 1.30. Aspen Technology, Inc. has a 1 year low of $53.51 and a 1 year high of $84.40.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.09. The firm had revenue of $124.90 million during the quarter, compared to analyst estimates of $121.81 million. Aspen Technology had a net margin of 33.23% and a negative return on equity of 61.97%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. analysts forecast that Aspen Technology, Inc. will post 1.97 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. M&T Bank Corp lifted its holdings in shares of Aspen Technology by 2.8% during the 2nd quarter. M&T Bank Corp now owns 5,834 shares of the technology company’s stock worth $322,000 after acquiring an additional 159 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Aspen Technology by 0.6% during the 2nd 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 during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Aspen Technology by 0.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 92,443 shares of the technology company’s stock worth $5,108,000 after acquiring an additional 807 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Aspen Technology by 2.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 38,799 shares of the technology company’s stock worth $2,437,000 after acquiring an additional 818 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aspen Technology by 35.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,492 shares of the technology company’s stock worth $297,000 after acquiring an additional 1,180 shares during the last quarter.

AZPN has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Aspen Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. JPMorgan Chase & Co. lifted their price objective on shares of Aspen Technology to $65.00 and gave the company an “underweight” rating in a research note on Wednesday, January 3rd. Canaccord Genuity lifted their price objective on shares of Aspen Technology from $62.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 27th. BidaskClub lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Bank of America began coverage on shares of Aspen Technology in a research note on Monday, November 6th. They issued a “neutral” rating and a $67.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $72.67.

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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.

Insider Buying and Selling by Quarter for Aspen Technology (NASDAQ:AZPN)

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