Aspen Technology, Inc. (NASDAQ:AZPN) CEO Antonio J. Pietri sold 26,900 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $76.56, for a total transaction of $2,059,464.00. Following the transaction, the chief executive officer now directly owns 250,416 shares in the company, valued at $19,171,848.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Aspen Technology, Inc. (NASDAQ:AZPN) traded down $0.19 during trading hours on Thursday, hitting $77.56. 406,600 shares of the stock traded hands, compared to its average volume of 456,689. The stock has a market capitalization of $5,590.00, a P/E ratio of 35.42, a P/E/G ratio of 3.76 and a beta of 1.29. Aspen Technology, Inc. has a 12-month low of $53.51 and a 12-month high of $84.40.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. The firm had revenue of $124.90 million for 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% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. analysts forecast that Aspen Technology, Inc. will post 1.97 earnings per share for the current year.
Several large investors have recently bought and sold shares of AZPN. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Aspen Technology by 15.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,984,783 shares of the technology company’s stock worth $250,285,000 after buying an additional 543,592 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Aspen Technology by 16.1% in the fourth quarter. Renaissance Technologies LLC now owns 3,482,100 shares of the technology company’s stock worth $230,515,000 after buying an additional 482,800 shares in the last quarter. APG Asset Management N.V. increased 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 worth $25,751,000 after purchasing an additional 338,200 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its position in Aspen Technology by 51.3% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 753,868 shares of the technology company’s stock worth $49,906,000 after purchasing an additional 255,635 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased 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 worth $115,402,000 after purchasing an additional 227,609 shares during the last quarter.
Several research firms have issued reports on AZPN. Zacks Investment Research downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Berenberg Bank reaffirmed a “buy” rating and set a $88.00 price objective (up from $77.00) on shares of Aspen Technology in a report on Thursday, January 25th. Wedbush reaffirmed a “neutral” rating and set a $74.00 price objective (up from $65.00) on shares of Aspen Technology in a report on Thursday, January 25th. Bank of America began coverage on shares of Aspen Technology in a report on Monday, November 6th. They set a “neutral” rating and a $67.00 price objective on the stock. Finally, BidaskClub downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $72.67.
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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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