Voya Investment Management LLC cut its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 87.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,437 shares of the technology company’s stock after selling 259,769 shares during the period. Voya Investment Management LLC’s holdings in Aspen Technology were worth $2,014,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Paradigm Asset Management Co. LLC bought a new stake in Aspen Technology during the 2nd quarter worth $138,000. Pacad Investment Ltd. bought a new stake in Aspen Technology during the 2nd quarter worth $166,000. Advisor Group Inc. grew its position in Aspen Technology by 69.9% during the 2nd quarter. Advisor Group Inc. now owns 3,149 shares of the technology company’s stock worth $173,000 after acquiring an additional 1,296 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Aspen Technology by 12.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,312 shares of the technology company’s stock worth $183,000 after acquiring an additional 357 shares during the last quarter. Finally, TrimTabs Asset Management LLC grew its position in Aspen Technology by 85.3% during the 2nd quarter. TrimTabs Asset Management LLC now owns 4,192 shares of the technology company’s stock worth $232,000 after acquiring an additional 1,930 shares during the last quarter.
In related news, VP F G. Hammond sold 3,388 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $60.60, for a total transaction of $205,312.80. Following the transaction, the vice president now directly owns 20,733 shares in the company, valued at $1,256,419.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Karl E. Johnsen sold 1,969 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $59.14, for a total transaction of $116,446.66. Following the transaction, the insider now owns 28,530 shares in the company, valued at $1,687,264.20. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.
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Aspen Technology, Inc. (NASDAQ AZPN) opened at 66.73 on Friday. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 31.63 and a beta of 1.24. The firm’s 50-day moving average price is $64.29 and its 200 day moving average price is $60.03. Aspen Technology, Inc. has a one year low of $46.59 and a one year high of $66.92.
Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Thursday, October 26th. The technology company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.05. Aspen Technology had a net margin of 33.58% and a negative return on equity of 73.17%. The business had revenue of $122.80 million for the quarter, compared to analyst estimates of $121.73 million. During the same quarter last year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Aspen Technology, Inc. will post $1.99 earnings per share for the current fiscal year.
Several brokerages recently commented on AZPN. Zacks Investment Research raised Aspen Technology from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Wednesday, August 16th. BidaskClub downgraded Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity reissued a “hold” rating on shares of Aspen Technology in a research note on Friday, August 11th. Robert W. Baird set a $63.00 price objective on Aspen Technology and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, Berenberg Bank started coverage on Aspen Technology in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 price objective for the company. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Aspen Technology currently has an average rating of “Buy” and a consensus price target of $61.50.
Aspen Technology Profile
Aspen Technology, Inc is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries.
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