FDx Advisors Inc. lessened its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 24.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,663 shares of the technology company’s stock after selling 873 shares during the quarter. FDx Advisors Inc.’s holdings in Aspen Technology were worth $303,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of AZPN. Millennium Management LLC bought a new stake in shares of Aspen Technology during the 2nd quarter valued at about $53,964,000. First Trust Advisors LP boosted its position in shares of Aspen Technology by 561.8% during the 3rd quarter. First Trust Advisors LP now owns 297,056 shares of the technology company’s stock valued at $33,838,000 after acquiring an additional 252,173 shares during the last quarter. FMR LLC boosted its position in shares of Aspen Technology by 12.8% during the 2nd quarter. FMR LLC now owns 2,208,130 shares of the technology company’s stock valued at $204,782,000 after acquiring an additional 250,691 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of Aspen Technology during the 2nd quarter valued at about $20,703,000. Finally, Acadian Asset Management LLC boosted its position in shares of Aspen Technology by 80.2% during the 3rd quarter. Acadian Asset Management LLC now owns 500,212 shares of the technology company’s stock valued at $56,979,000 after acquiring an additional 222,569 shares during the last quarter. Hedge funds and other institutional investors own 97.26% of the company’s stock.
Shares of NASDAQ AZPN opened at $81.80 on Friday. The stock has a market cap of $6.00 billion, a P/E ratio of 40.15, a PEG ratio of 1.67 and a beta of 1.52. Aspen Technology, Inc. has a 1-year low of $65.03 and a 1-year high of $118.86.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.12. The company had revenue of $114.17 million for the quarter, compared to analysts’ expectations of $113.49 million. Aspen Technology had a negative return on equity of 168.12% and a net margin of 30.96%. As a group, research analysts anticipate that Aspen Technology, Inc. will post 3.07 earnings per share for the current year.
A number of analysts have recently issued reports on AZPN shares. Berenberg Bank dropped their price target on Aspen Technology from $127.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, August 21st. Zacks Investment Research upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Tuesday, August 14th. Canaccord Genuity lifted their price target on Aspen Technology from $84.00 to $100.00 and gave the company a “hold” rating in a research report on Friday, August 17th. BidaskClub cut Aspen Technology from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, TheStreet raised Aspen Technology from a “d-” rating to a “b” rating in a report on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $102.00.
In related news, CEO Antonio J. Pietri sold 7,095 shares of the firm’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $77.49, for a total transaction of $549,791.55. Following the transaction, the chief executive officer now directly owns 251,780 shares of the company’s stock, valued at approximately $19,510,432.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Karl E. Johnsen sold 2,387 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $80.69, for a total value of $192,607.03. Following the transaction, the insider now directly owns 35,058 shares in the company, valued at $2,828,830.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,582 shares of company stock worth $750,274. 0.90% of the stock is currently owned by insiders.
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About Aspen Technology
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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