Zeke Capital Advisors LLC purchased a new position in Aspen Technology, Inc. (NASDAQ:AZPN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,077 shares of the technology company’s stock, valued at approximately $204,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Aspen Technology by 1.3% in the fourth quarter. BlackRock Inc. now owns 5,287,975 shares of the technology company’s stock worth $350,061,000 after acquiring an additional 69,140 shares during the period. Renaissance Technologies LLC boosted its holdings in Aspen Technology by 16.1% during the fourth quarter. Renaissance Technologies LLC now owns 3,482,100 shares of the technology company’s stock worth $230,515,000 after buying an additional 482,800 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Aspen Technology by 0.5% during the fourth quarter. Clearbridge Investments LLC now owns 2,298,078 shares of the technology company’s stock worth $152,133,000 after buying an additional 11,739 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Aspen Technology by 0.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,138,319 shares of the technology company’s stock worth $75,356,000 after buying an additional 8,475 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its holdings in Aspen Technology by 51.3% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 753,868 shares of the technology company’s stock worth $49,906,000 after buying an additional 255,635 shares in the last quarter.
Aspen Technology stock traded down $0.31 during trading on Thursday, reaching $80.29. 36,857 shares of the company traded hands, compared to its average volume of 416,247. Aspen Technology, Inc. has a 52-week low of $53.51 and a 52-week high of $84.40. The firm has a market capitalization of $5,820.58, a PE ratio of 36.80, a P/E/G ratio of 3.91 and a beta of 1.25.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $121.81 million. During the same period last year, the business earned $0.52 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. sell-side analysts anticipate that Aspen Technology, Inc. will post 1.97 EPS for the current year.
In other Aspen Technology news, insider Karl E. Johnsen sold 8,592 shares of Aspen Technology stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $72.88, for a total transaction of $626,184.96. Following the completion of the sale, the insider now directly owns 44,772 shares in the company, valued at $3,262,983.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Antonio J. Pietri sold 26,900 shares of Aspen Technology stock in a transaction dated 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 sale, the chief executive officer now owns 250,416 shares of the company’s stock, valued at $19,171,848.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,308 shares of company stock valued at $3,929,379. Company insiders own 0.80% of the company’s stock.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Aspen Technology from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective on the stock in a report on Monday, January 8th. Berenberg Bank reaffirmed a “buy” rating and set a $88.00 price objective (up from $77.00) on shares of Aspen Technology in a report on Thursday, January 25th. ValuEngine raised shares of Aspen Technology from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Wedbush reaffirmed a “neutral” rating and set a $74.00 price objective (up from $65.00) on shares of Aspen Technology in a report on Thursday, January 25th. Finally, BidaskClub cut shares of Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price 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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