Virginia Retirement Systems ET AL decreased its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 92.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,100 shares of the technology company’s stock after selling 355,100 shares during the period. Virginia Retirement Systems ET AL’s holdings in Aspen Technology were worth $2,930,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AZPN. NorthCoast Asset Management LLC raised its position in shares of Aspen Technology by 0.7% during the third quarter. NorthCoast Asset Management LLC now owns 28,762 shares of the technology company’s stock valued at $3,276,000 after buying an additional 196 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Aspen Technology by 8.5% in the fourth quarter. Squarepoint Ops LLC now owns 2,900 shares of the technology company’s stock valued at $238,000 after purchasing an additional 227 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Aspen Technology by 11.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,244 shares of the technology company’s stock valued at $184,000 after purchasing an additional 229 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Aspen Technology by 2.7% in the fourth quarter. Synovus Financial Corp now owns 10,000 shares of the technology company’s stock valued at $819,000 after purchasing an additional 266 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of Aspen Technology by 4.4% in the fourth quarter. Stephens Inc. AR now owns 7,524 shares of the technology company’s stock valued at $618,000 after purchasing an additional 319 shares in the last quarter. Institutional investors own 99.04% of the company’s stock.
A number of research firms recently weighed in on AZPN. Wedbush reissued an “outperform” rating and issued a $131.00 target price on shares of Aspen Technology in a report on Wednesday, May 15th. BidaskClub lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a report on Monday, February 4th. KeyCorp began coverage on shares of Aspen Technology in a report on Wednesday, April 10th. They issued an “overweight” rating and a $120.00 target price for the company. Zacks Investment Research lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Finally, Benchmark raised their target price on shares of Aspen Technology from $95.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, January 24th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $117.25.
In other news, VP F G. Hammond sold 8,406 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $121.34, for a total transaction of $1,019,984.04. Following the completion of the sale, the vice president now directly owns 24,221 shares of the company’s stock, valued at $2,938,976.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio J. Pietri sold 7,095 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $99.49, for a total transaction of $705,881.55. Following the sale, the chief executive officer now directly owns 237,920 shares of the company’s stock, valued at $23,670,660.80. The disclosure for this sale can be found here. Insiders have sold 78,692 shares of company stock valued at $9,286,123 over the last ninety days. 0.90% of the stock is owned by insiders.
NASDAQ AZPN traded down $0.28 on Wednesday, hitting $116.21. 157,292 shares of the stock were exchanged, compared to its average volume of 459,505. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 56.41 and a beta of 1.61. Aspen Technology, Inc. has a 52-week low of $74.84 and a 52-week high of $124.96.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. The company had revenue of $148.00 million during the quarter, compared to analyst estimates of $136.38 million. Aspen Technology had a net margin of 37.25% and a return on equity of 76.36%. Aspen Technology’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 earnings per share. As a group, research analysts anticipate that Aspen Technology, Inc. will post 3.26 EPS for the current fiscal year.
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About Aspen Technology
Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.
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