Aspen Technology, Inc. (AZPN) Shares Sold by KBC Group NV

KBC Group NV cut its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 44.6% during the fourth quarter, HoldingsChannel reports. The firm owned 69,717 shares of the technology company’s stock after selling 56,155 shares during the period. KBC Group NV’s holdings in Aspen Technology were worth $4,615,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AZPN. Kayne Anderson Rudnick Investment Management LLC grew its position in Aspen Technology by 15.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,984,783 shares of the technology company’s stock valued at $250,285,000 after purchasing an additional 543,592 shares in the last quarter. APG Asset Management N.V. grew its position in Aspen Technology by 262.4% during the fourth quarter. APG Asset Management N.V. now owns 467,100 shares of the technology company’s stock valued at $25,751,000 after purchasing an additional 338,200 shares in the last quarter. Pictet Asset Management Ltd. grew its position in Aspen Technology by 14.1% during the third quarter. Pictet Asset Management Ltd. now owns 1,837,321 shares of the technology company’s stock valued at $115,402,000 after purchasing an additional 227,609 shares in the last quarter. Oribel Capital Management LP purchased a new position in Aspen Technology during the third quarter valued at approximately $6,840,000. Finally, Old Mutual Global Investors UK Ltd. grew its position in Aspen Technology by 19.7% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 498,233 shares of the technology company’s stock valued at $31,294,000 after purchasing an additional 82,062 shares in the last quarter.

Shares of Aspen Technology, Inc. (NASDAQ:AZPN) opened at $75.85 on Monday. The company has a market cap of $5,456.57, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 3.67 and a beta of 1.30. Aspen Technology, Inc. has a 1 year low of $53.51 and a 1 year high of $84.40.

Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Wednesday, January 24th. The technology company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. The company had revenue of $124.90 million during the quarter, compared to the consensus estimate of $121.81 million. Aspen Technology had a net margin of 33.23% and a negative return on equity of 61.97%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. equities analysts anticipate that Aspen Technology, Inc. will post 1.97 EPS for the current fiscal year.

A number of research analysts recently commented on the stock. Canaccord Genuity boosted their price objective on shares of Aspen Technology from $65.00 to $73.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Berenberg Bank reaffirmed a “buy” rating and set a $88.00 price objective (up from $77.00) on shares of Aspen Technology in a research report on Thursday, January 25th. Robert W. Baird reaffirmed a “hold” rating on shares of Aspen Technology in a research report on Wednesday, January 24th. Wedbush reaffirmed a “neutral” rating and set a $74.00 price objective (up from $65.00) on shares of Aspen Technology in a research report on Thursday, January 25th. Finally, KeyCorp boosted their target price on shares of Aspen Technology from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $72.67.

In related news, VP F G. Hammond sold 6,292 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $73.47, for a total transaction of $462,273.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jr. Robert M. Whelan sold 2,172 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $72.28, for a total transaction of $156,992.16. Following the sale, the director now directly owns 15,159 shares of the company’s stock, valued at $1,095,692.52. The disclosure for this sale can be found here. Insiders sold 25,408 shares of company stock valued at $1,869,915 over the last three months. Insiders own 0.80% of the company’s stock.

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

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