Creative Planning Acquires Shares of 2,039 Aspen Technology, Inc. (AZPN)

Creative Planning acquired a new position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) in the first quarter, Holdings Channel reports. The firm acquired 2,039 shares of the technology company’s stock, valued at approximately $213,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Ellis Investment Partners LLC acquired a new stake in shares of Aspen Technology during the first quarter worth $33,000. Riverview Trust Co acquired a new stake in shares of Aspen Technology during the fourth quarter worth $65,000. First Hawaiian Bank lifted its holdings in shares of Aspen Technology by 478.4% during the fourth quarter. First Hawaiian Bank now owns 885 shares of the technology company’s stock worth $73,000 after buying an additional 732 shares in the last quarter. NumerixS Investment Technologies Inc lifted its holdings in shares of Aspen Technology by 75.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the technology company’s stock worth $113,000 after buying an additional 600 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Aspen Technology by 11.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,244 shares of the technology company’s stock worth $184,000 after buying an additional 229 shares in the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.

AZPN stock opened at $111.68 on Tuesday. The stock has a market capitalization of $7.70 billion, a P/E ratio of 54.21 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 results on Wednesday, April 24th. The technology company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.10. The business had revenue of $148.00 million during the quarter, compared to the consensus estimate of $136.38 million. Aspen Technology had a return on equity of 76.36% and a net margin of 37.25%. Aspen Technology’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Equities analysts expect that Aspen Technology, Inc. will post 3.26 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Wedbush raised Aspen Technology from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $104.00 to $131.00 in a report on Thursday, April 25th. Benchmark reissued a “buy” rating and set a $133.00 target price (up previously from $113.00) on shares of Aspen Technology in a report on Wednesday, May 8th. Canaccord Genuity lifted their target price on Aspen Technology from $110.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Zacks Investment Research downgraded Aspen Technology from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Finally, BidaskClub downgraded Aspen Technology from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $117.25.

In other Aspen Technology news, insider Karl E. Johnsen sold 3,037 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $121.38, for a total transaction of $368,631.06. Following the completion of the transaction, the insider now owns 26,453 shares of the company’s stock, valued at $3,210,865.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Antonio J. Pietri sold 5,900 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $118.81, for a total value of $700,979.00. Following the transaction, the chief executive officer now directly owns 207,497 shares of the company’s stock, valued at approximately $24,652,718.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,692 shares of company stock valued at $9,286,123. 0.90% of the stock is owned by insiders.

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

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