Tocqueville Asset Management L.P. acquired a new position in Aspen Technology, Inc. (NASDAQ:AZPN) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,150 shares of the technology company’s stock, valued at approximately $209,000.
A number of other large investors have also recently added to or reduced their stakes in AZPN. Legato Capital Management LLC acquired a new position in shares of Aspen Technology during the 4th quarter valued at about $203,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Aspen Technology during the 4th quarter worth approximately $224,000. Dean Capital Investments Management LLC acquired a new stake in Aspen Technology during the 4th quarter worth approximately $237,000. Moneta Group Investment Advisors LLC acquired a new stake in Aspen Technology during the 3rd quarter worth approximately $226,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Aspen Technology during the 4th quarter worth approximately $240,000.
AZPN has been the subject of several recent research reports. BidaskClub downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research downgraded shares of Aspen Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. JPMorgan Chase increased their target price on Aspen Technology to $65.00 and gave the company an “underweight” rating in a research note on Wednesday, January 3rd. KeyCorp reiterated a “buy” rating and set a $83.00 target price (up from $73.00) on shares of Aspen Technology in a research note on Monday, January 8th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Aspen Technology in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $72.67.
Shares of AZPN opened at $79.23 on Friday. The firm has a market cap of $5,666.63, a PE ratio of 35.97, a price-to-earnings-growth ratio of 3.81 and a beta of 1.21. Aspen Technology, Inc. has a one year low of $53.51 and a one year high of $84.40.
Aspen Technology (NASDAQ:AZPN) last released its earnings results on Wednesday, January 24th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.09. The firm 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%. Aspen Technology’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. sell-side analysts predict that Aspen Technology, Inc. will post 1.97 EPS for the current fiscal year.
In other Aspen Technology news, VP F G. Hammond sold 6,292 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $73.47, for a total transaction of $462,273.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Antonio J. Pietri sold 26,900 shares of the firm’s stock in a transaction dated 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 sale, 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. Over the last ninety days, insiders have sold 52,308 shares of company stock worth $3,929,379. 0.60% of the stock is owned by corporate insiders.
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About Aspen Technology
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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