Aspen Technology, Inc. (NASDAQ:AZPN) VP F G. Hammond sold 6,292 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $73.47, for a total transaction of $462,273.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Aspen Technology, Inc. (AZPN) opened at $75.85 on Friday. The stock has a market cap of $5,514.12, a price-to-earnings ratio of 35.00, a P/E/G ratio of 22.89 and a beta of 1.30. Aspen Technology, Inc. has a 12 month low of $53.51 and a 12 month high of $84.40.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.09. The company had revenue of $124.90 million for the quarter, compared to the consensus estimate of $121.81 million. Aspen Technology had a net margin of 33.23% and a negative return on equity of 61.97%. Aspen Technology’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share. analysts predict that Aspen Technology, Inc. will post 1.97 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its stake in Aspen Technology by 59.5% during the third quarter. BNP Paribas Arbitrage SA now owns 15,373 shares of the technology company’s stock valued at $966,000 after purchasing an additional 5,737 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Aspen Technology during the third quarter valued at $2,732,000. Janus Henderson Group PLC purchased a new stake in shares of Aspen Technology in the second quarter valued at $15,288,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Aspen Technology by 15.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,984,783 shares of the technology company’s stock valued at $250,285,000 after acquiring an additional 543,592 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Aspen Technology by 1.7% in the third quarter. Rhumbline Advisers now owns 100,760 shares of the technology company’s stock valued at $6,329,000 after acquiring an additional 1,646 shares during the period.
A number of brokerages recently weighed in on AZPN. Bank of America lowered shares of Aspen Technology from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. Canaccord Genuity upped their target price on shares of Aspen Technology from $62.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. KeyCorp upped their target price on shares of Aspen Technology from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Berenberg Bank reaffirmed a “buy” rating and set a $88.00 price target (up previously from $77.00) on shares of Aspen Technology in a research note on Thursday, January 25th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Aspen Technology in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $72.67.
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About Aspen Technology
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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