Strs Ohio cut its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 6.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,600 shares of the technology company’s stock after selling 2,200 shares during the period. Strs Ohio’s holdings in Aspen Technology were worth $1,920,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Aspen Technology during the fourth quarter worth about $36,470,000. FMR LLC raised its stake in shares of Aspen Technology by 7.1% in the fourth quarter. FMR LLC now owns 2,832,139 shares of the technology company’s stock worth $154,862,000 after buying an additional 188,200 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Aspen Technology during the fourth quarter worth about $8,487,000. Wells Fargo & Company MN raised its stake in shares of Aspen Technology by 14.7% in the third quarter. Wells Fargo & Company MN now owns 1,018,613 shares of the technology company’s stock worth $47,661,000 after buying an additional 130,682 shares during the last quarter. Finally, Blackstone Group L.P. acquired a new stake in shares of Aspen Technology during the third quarter worth about $6,047,000.
Aspen Technology, Inc. (NASDAQ:AZPN) opened at 58.37 on Friday. The stock’s 50 day moving average price is $59.08 and its 200-day moving average price is $55.55. Aspen Technology, Inc. has a 12 month low of $36.25 and a 12 month high of $64.34. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 32.46 and a beta of 1.02.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.09. Aspen Technology had a net margin of 29.29% and a negative return on equity of 117.73%. The company had revenue of $119.28 million during the quarter, compared to analysts’ expectations of $117.64 million. Equities analysts expect that Aspen Technology, Inc. will post $1.97 EPS for the current year.
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AZPN has been the subject of a number of analyst reports. Zacks Investment Research upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Tuesday, January 31st. Avondale Partners upgraded Aspen Technology from an “underperform” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Friday, January 27th. Canaccord Genuity reiterated a “hold” rating and issued a $55.00 price target on shares of Aspen Technology in a research note on Friday, February 24th. Robert W. Baird initiated coverage on Aspen Technology in a research note on Wednesday. They issued a “neutral” rating and a $63.00 price target for the company. Finally, Benchmark Co. reiterated a “hold” rating and issued a $55.00 price target (up previously from $48.00) on shares of Aspen Technology in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $57.57.
In related news, EVP William Griffin sold 2,427 shares of the company’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $58.55, for a total transaction of $142,100.85. Following the completion of the sale, the executive vice president now owns 46,132 shares of the company’s stock, valued at approximately $2,701,028.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Antonio J. Pietri sold 4,400 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $56.42, for a total transaction of $248,248.00. Following the sale, the chief executive officer now directly owns 205,807 shares of the company’s stock, valued at approximately $11,611,630.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,927 shares of company stock valued at $396,032. 0.60% of the stock is owned by corporate insiders.
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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