Aspen Technology, Inc. (AZPN) Position Lifted by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 63.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,777 shares of the technology company’s stock after buying an additional 11,213 shares during the period. GSA Capital Partners LLP’s holdings in Aspen Technology were worth $1,807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Manhattan Co. acquired a new stake in Aspen Technology during the 3rd quarter worth $125,000. Paradigm Asset Management Co. LLC acquired a new stake in Aspen Technology during the 2nd quarter worth $138,000. Pacad Investment Ltd. acquired a new stake in Aspen Technology during the 2nd quarter worth $166,000. Advisor Group Inc. boosted its stake in 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 purchasing an additional 1,296 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 purchasing an additional 357 shares during the period.

In other news, Director Jr. Robert M. Whelan sold 10,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $66.01, for a total value of $660,100.00. Following the completion of the sale, the director now owns 25,559 shares in the company, valued at approximately $1,687,149.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Karl E. Johnsen sold 2,619 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $64.41, for a total transaction of $168,689.79. Following the completion of the sale, the insider now owns 40,063 shares of the company’s stock, valued at approximately $2,580,457.83. The disclosure for this sale can be found here. Insiders sold a total of 14,197 shares of company stock valued at $931,360 in the last 90 days. Company insiders own 0.60% of the company’s stock.

AZPN has been the subject of a number of recent research reports. Berenberg Bank initiated coverage on shares of Aspen Technology in a research note on Wednesday, August 23rd. They set a “buy” rating and a $70.00 price target for the company. Zacks Investment Research cut shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Robert W. Baird set a $63.00 price target on shares of Aspen Technology and gave the stock a “hold” rating in a research note on Friday, October 6th. Bank of America initiated coverage on shares of Aspen Technology in a research note on Monday, November 6th. They set a “neutral” rating and a $67.00 price target for the company. Finally, BidaskClub cut shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $63.63.

Shares of Aspen Technology, Inc. (AZPN) opened at $67.03 on Friday. Aspen Technology, Inc. has a 52 week low of $52.23 and a 52 week high of $69.38. The company has a market cap of $4,806.20, a price-to-earnings ratio of 30.82 and a beta of 1.23.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Thursday, October 26th. The technology company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.05. Aspen Technology had a net margin of 33.35% and a negative return on equity of 66.74%. The company had revenue of $122.80 million during the quarter, compared to analysts’ expectations of $121.73 million. During the same quarter last year, the business earned $0.49 EPS. The business’s revenue was up 2.2% on a year-over-year basis. research analysts forecast that Aspen Technology, Inc. will post 1.77 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

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