Aspen Technology, Inc. (AZPN) Holdings Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 35.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,492 shares of the technology company’s stock after buying an additional 1,180 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Aspen Technology were worth $297,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AZPN. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Aspen Technology by 15.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,984,783 shares of the technology company’s stock worth $250,285,000 after purchasing an additional 543,592 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Aspen Technology by 14.1% during the third quarter. Pictet Asset Management Ltd. now owns 1,837,321 shares of the technology company’s stock worth $115,402,000 after purchasing an additional 227,609 shares in the last quarter. State Street Corp grew its holdings in shares of Aspen Technology by 1.7% during the second quarter. State Street Corp now owns 1,599,490 shares of the technology company’s stock worth $88,389,000 after purchasing an additional 27,307 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Aspen Technology by 6.0% during the third quarter. Wells Fargo & Company MN now owns 1,129,844 shares of the technology company’s stock worth $70,965,000 after purchasing an additional 63,901 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Aspen Technology by 0.3% during the third quarter. Stephens Investment Management Group LLC now owns 863,628 shares of the technology company’s stock worth $54,244,000 after purchasing an additional 2,194 shares in the last quarter.

Shares of Aspen Technology, Inc. (NASDAQ:AZPN) opened at $75.85 on Monday. Aspen Technology, Inc. has a 12-month low of $53.51 and a 12-month high of $84.40. The firm has a market capitalization of $5,456.57, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 3.67 and a beta of 1.30.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.09. Aspen Technology had a negative return on equity of 61.97% and a net margin of 33.23%. The firm had revenue of $124.90 million during the quarter, compared to the consensus estimate of $121.81 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. equities analysts expect that Aspen Technology, Inc. will post 1.97 earnings per share for the current fiscal year.

In other news, Director Donald P. Casey sold 6,048 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $74.68, for a total transaction of $451,664.64. Following the transaction, the director now directly owns 12,972 shares of the company’s stock, valued at $968,748.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jr. Robert M. Whelan sold 2,172 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $72.28, for a total value of $156,992.16. Following the transaction, the director now directly owns 15,159 shares in the company, valued at $1,095,692.52. The disclosure for this sale can be found here. Insiders sold 25,408 shares of company stock valued at $1,869,915 in the last quarter. Corporate insiders own 0.80% of the company’s stock.

AZPN has been the subject of a number of recent research reports. Zacks Investment Research downgraded Aspen Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. JPMorgan Chase & Co. boosted their target price on Aspen Technology to $65.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 3rd. Canaccord Genuity boosted their target price on Aspen Technology from $62.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. BidaskClub downgraded Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Berenberg Bank restated a “buy” rating and issued a $88.00 target price (up previously from $77.00) on shares of Aspen Technology in a research report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Aspen Technology currently has a consensus rating of “Hold” and an average target price of $72.67.

COPYRIGHT VIOLATION NOTICE: “Aspen Technology, Inc. (AZPN) Holdings Lifted by Zurcher Kantonalbank Zurich Cantonalbank” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://ledgergazette.com/2018/02/19/aspen-technology-inc-azpn-holdings-lifted-by-zurcher-kantonalbank-zurich-cantonalbank.html.

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.

Want to see what other hedge funds are holding AZPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aspen Technology, Inc. (NASDAQ:AZPN).

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

Receive News & Ratings for Aspen Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply