Koch Industries Inc. lifted its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 8,875.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,184,948 shares of the technology company’s stock after acquiring an additional 1,171,746 shares during the period. Aspen Technology makes up about 0.3% of Koch Industries Inc.’s investment portfolio, making the stock its 25th biggest position. Koch Industries Inc. owned 1.61% of Aspen Technology worth $1,164,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in AZPN. Paradigm Asset Management Co. LLC bought a new position in shares of Aspen Technology during the 2nd quarter worth about $138,000. Pacad Investment Ltd. bought a new position in shares of Aspen Technology during the 2nd quarter worth about $166,000. Advisor Group Inc. lifted its holdings in shares of Aspen Technology by 69.9% during the 2nd quarter. Advisor Group Inc. now owns 3,149 shares of the technology company’s stock worth $173,000 after acquiring an additional 1,296 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aspen Technology by 12.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,312 shares of the technology company’s stock worth $183,000 after acquiring an additional 357 shares during the period. Finally, TrimTabs Asset Management LLC lifted its holdings in shares of Aspen Technology by 85.3% during the 2nd quarter. TrimTabs Asset Management LLC now owns 4,192 shares of the technology company’s stock worth $232,000 after acquiring an additional 1,930 shares during the period.
A number of equities analysts have recently commented on AZPN shares. Zacks Investment Research downgraded shares of Aspen Technology from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Wedbush reaffirmed a “neutral” rating and set a $59.00 price objective on shares of Aspen Technology in a report on Wednesday, June 28th. BidaskClub downgraded shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Berenberg Bank started coverage on shares of Aspen Technology in a report on Wednesday, August 23rd. They set a “buy” rating and a $70.00 price objective for the company. Finally, Robert W. Baird set a $63.00 price objective on shares of Aspen Technology and gave the stock a “hold” rating in a report on Friday, October 6th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Aspen Technology has an average rating of “Buy” and an average price target of $61.50.
Shares of Aspen Technology, Inc. (AZPN) traded up 0.81% during midday trading on Friday, hitting $65.58. 76,830 shares of the company were exchanged. The company has a 50-day moving average of $63.38 and a 200 day moving average of $59.53. The company has a market capitalization of $4.79 billion, a P/E ratio of 31.08 and a beta of 1.24. Aspen Technology, Inc. has a one year low of $46.21 and a one year high of $65.60.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Thursday, August 10th. The technology company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.29. Aspen Technology had a net margin of 33.58% and a negative return on equity of 73.17%. The business had revenue of $123.68 million during the quarter, compared to analysts’ expectations of $119.55 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. Aspen Technology’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts expect that Aspen Technology, Inc. will post $1.99 earnings per share for the current fiscal year.
In related news, insider Karl E. Johnsen sold 1,969 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $59.14, for a total transaction of $116,446.66. Following the completion of the sale, the insider now owns 28,530 shares of the company’s stock, valued at $1,687,264.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP F G. Hammond sold 3,388 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $60.60, for a total transaction of $205,312.80. Following the sale, the vice president now directly owns 20,733 shares of the company’s stock, valued at approximately $1,256,419.80. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
Aspen Technology Profile
Aspen Technology, Inc is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries.
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