Aspen Technology, Inc. (AZPN) Position Lowered by Jefferies Group LLC

Jefferies Group LLC lowered its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 65.5% during the third quarter, HoldingsChannel.com reports. The firm owned 6,064 shares of the technology company’s stock after selling 11,513 shares during the period. Jefferies Group LLC’s holdings in Aspen Technology were worth $691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Macquarie Group Ltd. boosted its stake in Aspen Technology by 266.7% in the second quarter. Macquarie Group Ltd. now owns 1,100 shares of the technology company’s stock valued at $102,000 after buying an additional 800 shares in the last quarter. Fort L.P. acquired a new stake in Aspen Technology in the second quarter valued at about $118,000. Willingdon Wealth Management acquired a new stake in Aspen Technology in the third quarter valued at about $121,000. Hexavest Inc. acquired a new stake in Aspen Technology in the third quarter valued at about $168,000. Finally, Cerebellum GP LLC acquired a new stake in Aspen Technology in the third quarter valued at about $179,000. Institutional investors own 97.26% of the company’s stock.

In other news, CEO Antonio J. Pietri sold 7,095 shares of Aspen Technology stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $77.49, for a total transaction of $549,791.55. Following the sale, the chief executive officer now directly owns 251,780 shares of the company’s stock, valued at $19,510,432.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karl E. Johnsen sold 2,387 shares of Aspen Technology stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $80.69, for a total value of $192,607.03. Following the sale, the insider now directly owns 35,058 shares in the company, valued at $2,828,830.02. The disclosure for this sale can be found here. Insiders have sold 9,582 shares of company stock worth $750,274 over the last three months. Insiders own 0.90% of the company’s stock.



Several analysts recently weighed in on AZPN shares. BidaskClub lowered Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. Zacks Investment Research lowered Aspen Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. Canaccord Genuity raised Aspen Technology from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Wednesday, November 28th. TheStreet raised Aspen Technology from a “d-” rating to a “b” rating in a research note on Friday, October 26th. Finally, Berenberg Bank reduced their price objective on Aspen Technology from $127.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, August 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $102.00.

Shares of AZPN stock opened at $83.19 on Friday. Aspen Technology, Inc. has a 12 month low of $65.03 and a 12 month high of $118.86. The stock has a market cap of $5.89 billion, a PE ratio of 39.43, a PEG ratio of 1.64 and a beta of 1.52.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.12. Aspen Technology had a negative return on equity of 168.12% and a net margin of 30.96%. The firm had revenue of $114.17 million for the quarter, compared to analyst estimates of $113.49 million. Sell-side analysts anticipate that Aspen Technology, Inc. will post 3.07 EPS for the current fiscal year.

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Aspen Technology Profile

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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Want to see what other hedge funds are holding AZPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aspen Technology, Inc. (NASDAQ:AZPN).

Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

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