KBC Group NV lowered its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 11.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,481 shares of the technology company’s stock after selling 7,014 shares during the period. KBC Group NV owned 0.08% of Aspen Technology worth $5,238,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Mckinley Capital Management LLC Delaware acquired a new stake in Aspen Technology during the 1st quarter worth $134,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Aspen Technology by 411.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,753 shares of the technology company’s stock worth $163,000 after purchasing an additional 1,410 shares during the period. Sciencast Management LP acquired a new stake in Aspen Technology during the 1st quarter worth $200,000. Moloney Securities Asset Management LLC acquired a new stake in Aspen Technology during the 2nd quarter worth $201,000. Finally, CIBC Asset Management Inc acquired a new stake in Aspen Technology during the 1st quarter worth $203,000. Hedge funds and other institutional investors own 99.26% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research report on Tuesday. Wedbush upped their price objective on shares of Aspen Technology from $80.00 to $106.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Robert W. Baird upped their price objective on shares of Aspen Technology from $90.00 to $114.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. KeyCorp upped their price objective on shares of Aspen Technology from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Thursday, August 9th. Finally, BidaskClub upgraded shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $94.25.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The company had revenue of $125.96 million during the quarter, compared to the consensus estimate of $125.60 million. Aspen Technology had a net margin of 29.77% and a negative return on equity of 53.91%. Aspen Technology’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. sell-side analysts expect that Aspen Technology, Inc. will post 2.6 earnings per share for the current year.
Aspen Technology Profile
Aspen Technology, Inc, together with its subsidiaries, provides software and services in the United States, Europe, and internationally. It 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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