Swiss National Bank Acquires 2,700 Shares of Aspen Technology (AZPN)

Swiss National Bank raised its holdings in Aspen Technology (NASDAQ:AZPN) by 2.2% during the 1st quarter, Holdings Channel reports. The firm owned 127,200 shares of the technology company’s stock after acquiring an additional 2,700 shares during the period. Swiss National Bank’s holdings in Aspen Technology were worth $10,035,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Aspen Technology during the 1st quarter worth about $134,000. CIBC Asset Management Inc purchased a new stake in shares of Aspen Technology during the 1st quarter worth about $203,000. Parametrica Management Ltd purchased a new stake in shares of Aspen Technology during the 1st quarter worth about $231,000. Legato Capital Management LLC purchased a new stake in shares of Aspen Technology during the 4th quarter worth about $203,000. Finally, Zeke Capital Advisors LLC purchased a new stake in shares of Aspen Technology during the 4th quarter worth about $204,000. 99.99% of the stock is currently owned by institutional investors.

In related news, Director Jr. Robert M. Whelan sold 1,500 shares of the company’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $88.03, for a total transaction of $132,045.00. Following the completion of the transaction, the director now owns 11,887 shares in the company, valued at approximately $1,046,412.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP F G. Hammond sold 16,024 shares of the company’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $88.00, for a total transaction of $1,410,112.00. Following the transaction, the vice president now owns 29,113 shares of the company’s stock, valued at approximately $2,561,944. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,083 shares of company stock valued at $2,216,193. Insiders own 0.60% of the company’s stock.

Aspen Technology opened at $95.15 on Thursday, according to Marketbeat Ratings. Aspen Technology has a twelve month low of $53.51 and a twelve month high of $95.16. The stock has a market cap of $6.72 billion, a P/E ratio of 41.99, a P/E/G ratio of 4.55 and a beta of 1.21.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Wednesday, April 25th. The technology company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.06. Aspen Technology had a net margin of 33.19% and a negative return on equity of 61.04%. The firm had revenue of $125.87 million during the quarter, compared to the consensus estimate of $121.94 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. analysts forecast that Aspen Technology will post 2.04 earnings per share for the current year.

Several equities research analysts have recently issued reports on the stock. Berenberg Bank reissued a “buy” rating and set a $88.00 target price (up from $77.00) on shares of Aspen Technology in a research note on Thursday, January 25th. KeyCorp increased their target price on shares of Aspen Technology from $88.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 26th. ValuEngine raised shares of Aspen Technology from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Wedbush reissued a “neutral” rating and set a $74.00 target price (up from $65.00) on shares of Aspen Technology in a research note on Thursday, January 25th. Finally, BidaskClub raised shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.88.

Aspen Technology Profile

Aspen Technology, Inc, together with its subsidiaries, provides software and services in the United States, Europe, and internationally. It operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

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

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