Eagle Boston Investment Management Inc. increased its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,101 shares of the technology company’s stock after buying an additional 8,121 shares during the period. Eagle Boston Investment Management Inc. owned about 0.18% of Aspen Technology worth $8,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. First Manhattan Co. purchased a new position in shares of Aspen Technology during the 3rd quarter valued at approximately $125,000. Legato Capital Management LLC purchased a new position in shares of Aspen Technology during the 4th quarter valued at approximately $203,000. Advisor Group Inc. lifted its position in shares of Aspen Technology by 69.9% during the 2nd quarter. Advisor Group Inc. now owns 3,149 shares of the technology company’s stock valued at $173,000 after buying an additional 1,296 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Aspen Technology during the 3rd quarter valued at approximately $203,000. Finally, Dean Capital Investments Management LLC purchased a new position in shares of Aspen Technology during the 4th quarter valued at approximately $237,000.
Aspen Technology, Inc. (NASDAQ:AZPN) opened at $76.65 on Friday. The firm has a market capitalization of $5,413.40, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 22.47 and a beta of 1.30. Aspen Technology, Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.40.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.09. The company had revenue of $124.90 million for the quarter, compared to analyst estimates of $121.81 million. Aspen Technology had a negative return on equity of 61.97% and a net margin of 33.23%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. analysts forecast that Aspen Technology, Inc. will post 1.97 earnings per share for the current year.
A number of research analysts have recently issued reports on the company. Bank of America lowered Aspen Technology from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. Canaccord Genuity increased their target price on Aspen Technology from $62.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 27th. KeyCorp increased their target price on Aspen Technology from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Berenberg Bank reiterated a “buy” rating and set a $88.00 target price (up previously from $77.00) on shares of Aspen Technology in a research report on Thursday, January 25th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Aspen Technology in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $72.67.
In other Aspen Technology news, VP F G. Hammond sold 6,292 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $73.47, for a total value of $462,273.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Donald P. Casey sold 6,048 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $74.68, for a total value of $451,664.64. Following the completion of the transaction, the director now owns 12,972 shares in the company, valued at approximately $968,748.96. The disclosure for this sale can be found here. Insiders sold a total of 25,408 shares of company stock worth $1,869,915 in the last 90 days. 0.60% of the stock is currently owned by insiders.
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Aspen Technology Company 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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