6,295 Shares in Aspen Technology, Inc. (AZPN) Purchased by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB acquired a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,295 shares of the technology company’s stock, valued at approximately $417,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legato Capital Management LLC purchased a new stake in Aspen Technology in the 4th quarter valued at approximately $203,000. Zeke Capital Advisors LLC purchased a new stake in Aspen Technology in the 4th quarter valued at approximately $204,000. Tocqueville Asset Management L.P. purchased a new stake in Aspen Technology in the 4th quarter valued at approximately $209,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Aspen Technology in the 4th quarter valued at approximately $224,000. Finally, Dean Capital Investments Management LLC purchased a new stake in Aspen Technology in the 4th quarter valued at approximately $237,000.

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Shares of NASDAQ:AZPN opened at $79.23 on Friday. The company has a market cap of $5,737.85, a PE ratio of 36.42, a PEG ratio of 3.86 and a beta of 1.21. Aspen Technology, Inc. has a 12 month low of $53.51 and a 12 month high of $84.40.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly 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 business 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 company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 EPS. research analysts expect that Aspen Technology, Inc. will post 1.97 earnings per share for the current fiscal year.

In related news, Director Donald P. Casey sold 6,048 shares of Aspen Technology stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $74.68, for a total transaction of $451,664.64. Following the completion of the transaction, the director now directly owns 12,972 shares in the company, valued at approximately $968,748.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Antonio J. Pietri sold 26,900 shares of Aspen Technology stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $76.56, for a total value of $2,059,464.00. Following the transaction, the chief executive officer now owns 250,416 shares of the company’s stock, valued at $19,171,848.96. The disclosure for this sale can be found here. Insiders have sold a total of 52,308 shares of company stock worth $3,929,379 in the last three months. Corporate insiders own 0.60% of the company’s stock.

A number of equities research analysts have weighed in on AZPN shares. Robert W. Baird reaffirmed a “hold” rating on shares of Aspen Technology in a report on Wednesday, January 24th. BidaskClub raised Aspen Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 10th. Bank of America lowered Aspen Technology from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. They noted that the move was a valuation call. KeyCorp reaffirmed a “buy” rating and issued a $83.00 price objective (up previously from $73.00) on shares of Aspen Technology in a report on Monday, January 8th. Finally, JPMorgan Chase boosted their price target on Aspen Technology to $65.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Aspen Technology currently has an average rating of “Hold” and a consensus 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.

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

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