Aspen Technology, Inc. (NASDAQ:AZPN) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 18.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,114 shares of the technology company’s stock after purchasing an additional 647 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Aspen Technology were worth $506,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AZPN. Dupont Capital Management Corp boosted its position in shares of Aspen Technology by 5.7% in the 2nd quarter. Dupont Capital Management Corp now owns 28,322 shares of the technology company’s stock worth $3,520,000 after buying an additional 1,516 shares in the last quarter. BB&T Securities LLC boosted its position in shares of Aspen Technology by 27.1% in the 2nd quarter. BB&T Securities LLC now owns 11,022 shares of the technology company’s stock worth $1,369,000 after buying an additional 2,348 shares in the last quarter. Point72 Hong Kong Ltd boosted its position in shares of Aspen Technology by 207.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,536 shares of the technology company’s stock worth $315,000 after buying an additional 1,712 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in shares of Aspen Technology in the 2nd quarter worth about $12,722,000. Finally, Oakbrook Investments LLC boosted its position in shares of Aspen Technology by 93.5% in the 2nd quarter. Oakbrook Investments LLC now owns 3,725 shares of the technology company’s stock worth $463,000 after buying an additional 1,800 shares in the last quarter. 97.16% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on AZPN. Bank of America reiterated a “neutral” rating and issued a $136.00 price objective (up from $130.00) on shares of Aspen Technology in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price objective on shares of Aspen Technology from $131.00 to $123.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 11th. KeyCorp boosted their price objective on shares of Aspen Technology from $124.00 to $141.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Wedbush reiterated an “outperform” rating and issued a $155.00 price objective (up from $146.00) on shares of Aspen Technology in a research report on Monday, August 12th. Finally, Canaccord Genuity boosted their price objective on shares of Aspen Technology from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $134.57.

NASDAQ:AZPN opened at $116.74 on Tuesday. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 30.97 and a beta of 1.55. The company’s 50-day moving average is $123.91 and its two-hundred day moving average is $123.47. Aspen Technology, Inc. has a 12-month low of $74.84 and a 12-month high of $142.15.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Wednesday, August 7th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.50. The company had revenue of $195.77 million for the quarter, compared to analyst estimates of $162.71 million. Aspen Technology had a net margin of 43.91% and a return on equity of 62.06%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. As a group, equities analysts predict that Aspen Technology, Inc. will post 3.11 earnings per share for the current year.

In other Aspen Technology news, CFO Karl E. Johnsen sold 2,972 shares of the company’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 through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

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

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