Crestline Management LP acquired a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 18,607 shares of the technology company’s stock, valued at approximately $1,232,000.
Other large investors have also recently bought and sold shares of the company. Legato Capital Management LLC bought a new position in shares of Aspen Technology during the 4th quarter valued at approximately $203,000. Tocqueville Asset Management L.P. bought a new position in shares of Aspen Technology during the 4th quarter valued at approximately $209,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Aspen Technology during the 4th quarter valued at approximately $224,000. Dean Capital Investments Management LLC bought a new position in shares of Aspen Technology during the 4th quarter valued at approximately $237,000. Finally, Moneta Group Investment Advisors LLC bought a new position in shares of Aspen Technology during the 3rd quarter valued at approximately $226,000.
Aspen Technology, Inc. (NASDAQ:AZPN) opened at $80.95 on Friday. The company has a market cap of $5,842.16, a P/E ratio of 36.96, a P/E/G ratio of 3.93 and a beta of 1.25. Aspen Technology, Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.40.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. The company had revenue of $124.90 million during 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 for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. equities analysts predict that Aspen Technology, Inc. will post 1.97 EPS for the current year.
In related news, VP F G. Hammond sold 6,292 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $73.47, for a total value of $462,273.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jr. Robert M. Whelan sold 2,172 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $72.28, for a total transaction of $156,992.16. Following the completion of the transaction, the director now directly owns 15,159 shares of the company’s stock, valued at $1,095,692.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,308 shares of company stock valued at $3,929,379. 0.60% of the stock is owned by insiders.
A number of research analysts have recently weighed in on AZPN shares. Zacks Investment Research downgraded shares of Aspen Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. JPMorgan Chase & Co. increased their target price on shares of Aspen Technology to $65.00 and gave the company an “underweight” rating in a research report on Wednesday, January 3rd. BidaskClub downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Berenberg Bank reissued a “buy” rating and set a $88.00 target price (up from $77.00) on shares of Aspen Technology in a research report on Thursday, January 25th. Finally, Wedbush reissued a “neutral” rating and set a $74.00 target price (up from $65.00) on shares of Aspen Technology in a research report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $72.67.
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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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