Quantbot Technologies LP decreased its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 9.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,781 shares of the technology company’s stock after selling 1,882 shares during the period. Quantbot Technologies LP’s holdings in Aspen Technology were worth $1,179,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of AZPN. First Manhattan Co. bought a new position in Aspen Technology during the third quarter valued at $125,000. Paradigm Asset Management Co. LLC bought a new position in Aspen Technology during the second quarter valued at $138,000. Pacad Investment Ltd. bought a new position in Aspen Technology during the second quarter valued at $166,000. Advisor Group Inc. increased its position in Aspen Technology by 69.9% during the second quarter. Advisor Group Inc. now owns 3,149 shares of the technology company’s stock valued at $173,000 after acquiring an additional 1,296 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Aspen Technology by 12.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,312 shares of the technology company’s stock valued at $183,000 after acquiring an additional 357 shares during the last quarter.
A number of research analysts have weighed in on the stock. Canaccord Genuity reiterated a “hold” rating on shares of Aspen Technology in a research report on Friday, August 11th. BidaskClub upgraded shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Wednesday, August 16th. Berenberg Bank assumed coverage on shares of Aspen Technology in a research report on Wednesday, August 23rd. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Bank of America Corporation assumed coverage on shares of Aspen Technology in a research report on Monday, November 6th. They set a “neutral” rating and a $67.00 price objective on the stock. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $63.00.
Aspen Technology, Inc. (NASDAQ:AZPN) traded up $0.63 during midday trading on Tuesday, hitting $67.92. 397,500 shares of the stock were exchanged, compared to its average volume of 507,476. The company has a market capitalization of $4,880.00, a PE ratio of 31.30 and a beta of 1.22. Aspen Technology, Inc. has a 12-month low of $51.32 and a 12-month high of $68.32.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. The firm had revenue of $122.80 million for the quarter, compared to analysts’ expectations of $121.73 million. Aspen Technology had a net margin of 33.35% and a negative return on equity of 66.74%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. sell-side analysts expect that Aspen Technology, Inc. will post 1.77 earnings per share for the current year.
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In other news, Director Jr. Robert M. Whelan sold 10,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $66.01, for a total value of $660,100.00. Following the transaction, the director now directly owns 25,559 shares in the company, valued at $1,687,149.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP F G. Hammond sold 1,578 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $65.00, for a total transaction of $102,570.00. Following the completion of the transaction, the vice president now owns 26,108 shares in the company, valued at $1,697,020. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,585 shares of company stock worth $1,136,673. Company insiders own 0.80% of the company’s stock.
Aspen Technology Company 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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