First Trust Advisors LP lifted its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 158.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 223,476 shares of the technology company’s stock after acquiring an additional 136,961 shares during the quarter. First Trust Advisors LP owned about 0.33% of Aspen Technology worth $27,505,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dupont Capital Management Corp boosted its stake in shares of Aspen Technology by 5.7% during the 2nd quarter. Dupont Capital Management Corp now owns 28,322 shares of the technology company’s stock worth $3,520,000 after acquiring an additional 1,516 shares in the last quarter. BB&T Securities LLC boosted its stake in shares of Aspen Technology by 27.1% during the 2nd quarter. BB&T Securities LLC now owns 11,022 shares of the technology company’s stock worth $1,369,000 after acquiring an additional 2,348 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in shares of Aspen Technology by 207.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,536 shares of the technology company’s stock worth $315,000 after acquiring an additional 1,712 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new stake in shares of Aspen Technology during the 2nd quarter worth about $12,722,000. Finally, Oakbrook Investments LLC boosted its stake in shares of Aspen Technology by 93.5% during the 2nd quarter. Oakbrook Investments LLC now owns 3,725 shares of the technology company’s stock worth $463,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors own 97.50% of the company’s stock.
In other Aspen Technology news, CFO Karl E. Johnsen sold 2,310 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $116.82, for a total value of $269,854.20. Following the completion of the transaction, the chief financial officer now owns 28,667 shares of the company’s stock, valued at approximately $3,348,878.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.
Several research firms have recently issued reports on AZPN. JPMorgan Chase & Co. decreased their price target on Aspen Technology from $131.00 to $123.00 and set an “underweight” rating for the company in a research note on Wednesday, September 11th. BidaskClub downgraded Aspen Technology from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 5th. Benchmark restated a “buy” rating and set a $152.00 target price (up previously from $133.00) on shares of Aspen Technology in a research note on Monday, August 12th. ValuEngine downgraded Aspen Technology from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Canaccord Genuity increased their target price on Aspen Technology from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Aspen Technology presently has a consensus rating of “Hold” and a consensus target price of $134.57.
Shares of NASDAQ:AZPN opened at $118.01 on Thursday. The business has a 50 day moving average price of $118.63 and a 200 day moving average price of $124.31. Aspen Technology, Inc. has a twelve month low of $74.84 and a twelve month high of $142.15. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 31.30 and a beta of 1.55. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.07.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.49 by $0.30. The firm had revenue of $134.09 million during the quarter, compared to analysts’ expectations of $119.49 million. Aspen Technology had a return on equity of 67.12% and a net margin of 43.83%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS. Analysts anticipate that Aspen Technology, Inc. will post 3.32 EPS for the current year.
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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