Aspen Technology, Inc. (NASDAQ:AZPN) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,757 shares of the technology company’s stock after selling 1,443 shares during the period. GSA Capital Partners LLP’s holdings in Aspen Technology were worth $1,461,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ellis Investment Partners LLC purchased a new position in shares of Aspen Technology in the first quarter valued at $33,000. Kavar Capital Partners LLC bought a new position in Aspen Technology during the 2nd quarter valued at $54,000. Daiwa Securities Group Inc. bought a new position in Aspen Technology during the 2nd quarter valued at $68,000. Parkside Financial Bank & Trust bought a new position in Aspen Technology during the 2nd quarter valued at $74,000. Finally, Meridian Wealth Management LLC bought a new position in Aspen Technology during the 1st quarter valued at $76,000. 95.44% of the stock is owned by institutional investors.

Shares of Aspen Technology stock traded down $2.77 during trading hours on Friday, reaching $133.45. The company’s stock had a trading volume of 212,257 shares, compared to its average volume of 450,852. The company’s 50 day simple moving average is $133.45 and its 200 day simple moving average is $116.43. Aspen Technology, Inc. has a one year low of $74.84 and a one year high of $142.15. The stock has a market cap of $9.39 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 22.56 and a beta of 1.54.



Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.50. Aspen Technology had a net margin of 43.91% and a return on equity of 60.30%. The company had revenue of $195.77 million for the quarter, compared to the consensus estimate of $162.71 million. During the same period last year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. Analysts expect that Aspen Technology, Inc. will post 3.08 EPS for the current year.

In other news, CFO Karl E. Johnsen sold 2,972 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $136.80, for a total value of $406,569.60. Following the transaction, the chief financial officer now directly owns 22,150 shares in the company, valued at approximately $3,030,120. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.90% of the company’s stock.

A number of research firms have commented on AZPN. BidaskClub downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. KeyCorp increased their price objective on shares of Aspen Technology from $124.00 to $141.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective on shares of Aspen Technology from $114.00 to $131.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. Bank of America reiterated a “neutral” rating and set a $136.00 price objective (up from $130.00) on shares of Aspen Technology in a research note on Thursday, August 8th. Finally, Benchmark reiterated a “buy” rating and set a $152.00 price objective (up from $133.00) on shares of Aspen Technology in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $134.43.

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.

Further Reading: Green Investing

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

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