Oribel Capital Management LP lifted its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 87.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,700 shares of the technology company’s stock after acquiring an additional 94,800 shares during the period. Aspen Technology makes up 4.5% of Oribel Capital Management LP’s holdings, making the stock its 3rd biggest holding. Oribel Capital Management LP owned 0.28% of Aspen Technology worth $13,485,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of AZPN. Legato Capital Management LLC purchased a new position in Aspen Technology in the fourth quarter valued at about $203,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Aspen Technology during the 4th quarter valued at approximately $209,000. Raymond James Financial Services Advisors Inc. bought a new stake in Aspen Technology during the 4th quarter worth approximately $224,000. Dean Capital Investments Management LLC bought a new stake in Aspen Technology during the 4th quarter worth approximately $237,000. Finally, Moneta Group Investment Advisors LLC bought a new stake in Aspen Technology during the 3rd quarter worth approximately $226,000.
In other Aspen Technology news, Director Donald P. Casey sold 6,048 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $74.68, for a total transaction of $451,664.64. Following the transaction, the director now owns 12,972 shares in the company, valued at $968,748.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Antonio J. Pietri sold 26,900 shares of the business’s stock in a transaction on Friday, February 16th. The shares were 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 disclosure for this sale can be found here. Insiders sold 52,308 shares of company stock worth $3,929,379 in the last three months. Insiders own 0.80% of the company’s stock.
A number of equities analysts have recently commented on AZPN shares. BidaskClub raised shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday. Canaccord Genuity increased their target price on shares of Aspen Technology from $65.00 to $73.00 and gave the company a “hold” rating in a report on Thursday, January 25th. KeyCorp increased their target price on shares of Aspen Technology from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Robert W. Baird reissued a “hold” rating on shares of Aspen Technology in a research report on Wednesday, January 24th. Finally, ValuEngine raised shares of Aspen Technology from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $72.67.
Aspen Technology, Inc. (AZPN) traded down $0.60 on Wednesday, hitting $81.21. 274,380 shares of the company were exchanged, compared to its average volume of 431,162. The stock has a market capitalization of $5,905.47, a P/E ratio of 37.48, a price-to-earnings-growth ratio of 3.97 and a beta of 1.25. Aspen Technology, Inc. has a one year low of $53.51 and a one year high of $84.40.
Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.09. Aspen Technology had a net margin of 33.23% and a negative return on equity of 61.97%. The business had revenue of $124.90 million for the quarter, compared to the consensus estimate of $121.81 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. analysts forecast that Aspen Technology, Inc. will post 1.97 EPS for the current fiscal year.
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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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