1,479 Shares in Aspen Technology, Inc. (AZPN) Acquired by Hexavest Inc.

Hexavest Inc. bought a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,479 shares of the technology company’s stock, valued at approximately $168,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Macquarie Group Ltd. boosted its stake in shares of Aspen Technology by 266.7% in the 2nd quarter. Macquarie Group Ltd. now owns 1,100 shares of the technology company’s stock valued at $102,000 after purchasing an additional 800 shares during the last quarter. Fort L.P. bought a new position in shares of Aspen Technology in the 2nd quarter valued at about $118,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Aspen Technology by 411.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,753 shares of the technology company’s stock valued at $163,000 after purchasing an additional 1,410 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of Aspen Technology in the 3rd quarter valued at about $179,000. Finally, Sciencast Management LP bought a new position in shares of Aspen Technology in the 1st quarter valued at about $200,000. 98.40% of the stock is currently owned by institutional investors.

Aspen Technology stock opened at $101.63 on Friday. Aspen Technology, Inc. has a fifty-two week low of $61.71 and a fifty-two week high of $118.86. The company has a market cap of $8.09 billion, a P/E ratio of 49.33, a PEG ratio of 2.42 and a beta of 1.27.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03. Aspen Technology had a net margin of 29.77% and a negative return on equity of 53.91%. The business had revenue of $125.96 million for the quarter, compared to analyst estimates of $125.60 million. During the same quarter last year, the firm earned $0.79 EPS. Aspen Technology’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts forecast that Aspen Technology, Inc. will post 2.85 earnings per share for the current fiscal year.

In other Aspen Technology news, CEO Antonio J. Pietri sold 9,193 shares of Aspen Technology stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $109.44, for a total value of $1,006,081.92. Following the transaction, the chief executive officer now owns 228,730 shares of the company’s stock, valued at $25,032,211.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP F G. Hammond sold 3,311 shares of Aspen Technology stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $107.51, for a total transaction of $355,965.61. Following the completion of the transaction, the vice president now directly owns 21,029 shares in the company, valued at approximately $2,260,827.79. The disclosure for this sale can be found here. Insiders have sold a total of 33,250 shares of company stock worth $3,595,936 in the last three months. 0.80% of the stock is owned by insiders.

AZPN has been the topic of several recent analyst reports. BidaskClub lowered shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. Wedbush lifted their price objective on shares of Aspen Technology from $80.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. ValuEngine lowered shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 2nd. Canaccord Genuity lifted their price objective on shares of Aspen Technology from $84.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, August 17th. Finally, KeyCorp lifted their price objective on shares of Aspen Technology from $100.00 to $112.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $97.63.

Aspen Technology Company Profile

Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company 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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