Strategic Global Advisors LLC reduced its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 35.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,303 shares of the technology company’s stock after selling 1,255 shares during the period. Strategic Global Advisors LLC’s holdings in Aspen Technology were worth $286,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of AZPN. Dupont Capital Management Corp increased its holdings in shares of Aspen Technology by 5.7% during the second quarter. Dupont Capital Management Corp now owns 28,322 shares of the technology company’s stock valued at $3,520,000 after acquiring an additional 1,516 shares in the last quarter. MARSHALL WACE ASIA Ltd raised its position in Aspen Technology by 8.8% in the 1st quarter. MARSHALL WACE ASIA Ltd now owns 587,612 shares of the technology company’s stock valued at $61,264,000 after buying an additional 47,553 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Aspen Technology by 24.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 83,118 shares of the technology company’s stock valued at $8,666,000 after acquiring an additional 16,353 shares in the last quarter. Meridian Wealth Management LLC bought a new position in Aspen Technology during the 1st quarter valued at $76,000. Finally, Anderson Fisher LLC purchased a new position in Aspen Technology during the 1st quarter worth $105,000. 96.45% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on the stock. ValuEngine lowered shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Wedbush restated an “outperform” rating and set a $155.00 price target (up from $146.00) on shares of Aspen Technology in a report on Monday, August 12th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $123.00 target price (down previously from $131.00) on shares of Aspen Technology in a research note on Wednesday. Benchmark reaffirmed a “buy” rating and issued a $152.00 target price (up from $133.00) on shares of Aspen Technology in a report on Monday, August 12th. Finally, KeyCorp increased their price target on Aspen Technology from $124.00 to $141.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Aspen Technology currently has an average rating of “Hold” and a consensus target price of $133.29.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.52 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $162.71 million. During the same period last year, the firm earned $0.59 EPS. Aspen Technology’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, sell-side analysts anticipate 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 on Monday, August 12th. The stock was sold at an average price of $136.80, for a total value of $406,569.60. Following the completion of the transaction, the chief financial officer now directly owns 22,150 shares of the company’s stock, valued at $3,030,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.
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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