Old Mutual Global Investors UK Ltd. lifted its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 51.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 753,868 shares of the technology company’s stock after purchasing an additional 255,635 shares during the quarter. Old Mutual Global Investors UK Ltd. owned about 1.05% of Aspen Technology worth $49,906,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in AZPN. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Aspen Technology by 15.8% in the 3rd 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 purchasing an additional 543,592 shares during the last quarter. APG Asset Management N.V. raised its position in shares of Aspen Technology by 262.4% in the 4th quarter. APG Asset Management N.V. now owns 467,100 shares of the technology company’s stock valued at $25,751,000 after purchasing an additional 338,200 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Aspen Technology in the 2nd quarter valued at approximately $15,288,000. Pictet Asset Management Ltd. increased its holdings in Aspen Technology by 14.1% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,837,321 shares of the technology company’s stock worth $115,402,000 after buying an additional 227,609 shares during the period. Finally, Oribel Capital Management LP acquired a new position in Aspen Technology in the 3rd quarter worth approximately $6,840,000.
In other news, CEO Antonio J. Pietri sold 26,900 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $76.56, for a total transaction of $2,059,464.00. Following the transaction, the chief executive officer now owns 250,416 shares in the company, valued at approximately $19,171,848.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jr. Robert M. Whelan sold 2,172 shares of the 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 owns 15,159 shares in the company, valued at approximately $1,095,692.52. The disclosure for this sale can be found here. Insiders have sold a total of 52,308 shares of company stock worth $3,929,379 in the last ninety days. Corporate insiders own 0.60% of the company’s stock.
Several equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Canaccord Genuity increased their price target on shares of Aspen Technology from $65.00 to $73.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. KeyCorp increased their price target on shares of Aspen Technology from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Robert W. Baird reiterated a “hold” rating on shares of Aspen Technology in a report on Wednesday, January 24th. Finally, Bank of America downgraded shares of Aspen Technology from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $72.67.
Shares of Aspen Technology, Inc. (AZPN) traded up $0.91 during midday trading on Thursday, hitting $81.52. 295,265 shares of the stock were exchanged, compared to its average volume of 439,804. The firm has a market cap of $5,840.00, a PE ratio of 37.22, a price-to-earnings-growth ratio of 3.83 and a beta of 1.25. Aspen Technology, Inc. has a twelve month low of $53.51 and a twelve month high of $84.40.
Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.09. The business had revenue of $124.90 million for the quarter, compared to analysts’ expectations 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 was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. sell-side analysts anticipate that Aspen Technology, Inc. will post 1.97 earnings per share for the current fiscal year.
Aspen Technology 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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