Waddell & Reed Financial Inc. trimmed its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,700,047 shares of the technology company’s stock after selling 277,676 shares during the period. Aspen Technology accounts for approximately 1.1% of Waddell & Reed Financial Inc.’s holdings, making the stock its 11th largest holding. Waddell & Reed Financial Inc. owned approximately 5.37% of Aspen Technology worth $459,842,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Capital Investment Advisory Services LLC acquired a new stake in Aspen Technology in the 2nd quarter worth about $29,000. Kavar Capital Partners LLC acquired a new stake in Aspen Technology in the 2nd quarter worth about $54,000. Daiwa Securities Group Inc. acquired a new stake in Aspen Technology in the 2nd quarter worth about $68,000. Parkside Financial Bank & Trust acquired a new stake in Aspen Technology in the 2nd quarter worth about $74,000. Finally, Machina Capital S.A.S. acquired a new stake in Aspen Technology in the 2nd quarter worth about $109,000. 97.30% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the company. BidaskClub raised Aspen Technology from a “sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on Aspen Technology from $131.00 to $123.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 11th. Canaccord Genuity lifted their price objective on Aspen Technology from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. ValuEngine lowered Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Benchmark reaffirmed a “buy” rating and issued 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 currently has a consensus rating of “Hold” and an average price target of $134.57.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.50. The business had revenue of $195.77 million for the quarter, compared to analyst estimates of $162.71 million. Aspen Technology had a return on equity of 62.06% and a net margin of 43.91%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. On average, sell-side analysts anticipate that Aspen Technology, Inc. will post 3.08 earnings per share for the current fiscal year.
In related news, CFO Karl E. Johnsen sold 2,972 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $136.80, for a total transaction of $406,569.60. Following the sale, the chief financial officer now directly owns 22,150 shares in the company, valued at approximately $3,030,120. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.90% of the company’s stock.
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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