Colony Group LLC cut its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,798 shares of the technology company’s stock after selling 803 shares during the quarter. Colony Group LLC’s holdings in Aspen Technology were worth $2,999,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Savior LLC purchased a new position in shares of Aspen Technology in the fourth quarter valued at $29,000. Allred Capital Management LLC purchased a new position in shares of Aspen Technology in the fourth quarter valued at $33,000. Globeflex Capital L P purchased a new position in shares of Aspen Technology in the fourth quarter valued at $126,000. NumerixS Investment Technologies Inc grew its position in shares of Aspen Technology by 258.3% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,075 shares of the technology company’s stock valued at $130,000 after purchasing an additional 775 shares in the last quarter. Finally, Squar Milner Financial Services LLC grew its position in shares of Aspen Technology by 268.7% in the fourth quarter. Squar Milner Financial Services LLC now owns 1,320 shares of the technology company’s stock valued at $159,000 after purchasing an additional 962 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.
Shares of AZPN stock opened at $90.98 on Thursday. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average price of $108.52 and a two-hundred day moving average price of $119.92. Aspen Technology, Inc. has a 12-month low of $73.07 and a 12-month high of $142.89. The firm has a market cap of $5.82 billion, a P/E ratio of 25.27 and a beta of 1.54.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.14). The firm had revenue of $124.73 million for the quarter, compared to the consensus estimate of $135.46 million. Aspen Technology had a net margin of 41.49% and a return on equity of 63.67%. Aspen Technology’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. As a group, research analysts expect that Aspen Technology, Inc. will post 3.22 EPS for the current fiscal year.
Several equities analysts recently commented on AZPN shares. JPMorgan Chase & Co. upgraded Aspen Technology from an “underweight” rating to a “neutral” rating and set a $112.00 target price for the company in a research report on Monday, March 16th. BidaskClub raised Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. Wedbush boosted their price objective on Aspen Technology from $145.00 to $154.00 and gave the stock a “positive” rating in a report on Tuesday, January 14th. Robert W. Baird restated a “buy” rating and issued a $145.00 price objective on shares of Aspen Technology in a research report on Friday, January 31st. Finally, ValuEngine raised shares of Aspen Technology from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $139.86.
In other Aspen Technology news, CFO Karl E. Johnsen sold 1,622 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $136.45, for a total transaction of $221,321.90. Following the transaction, the chief financial officer now directly owns 25,439 shares in the company, valued at $3,471,151.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.
Aspen Technology 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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