Axa lifted its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 124.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,900 shares of the technology company’s stock after buying an additional 14,900 shares during the quarter. Axa’s holdings in Aspen Technology were worth $1,486,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Schroder Investment Management Group lifted its stake in shares of Aspen Technology by 95.6% during the 2nd quarter. Schroder Investment Management Group now owns 33,484 shares of the technology company’s stock valued at $1,822,000 after buying an additional 16,365 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in Aspen Technology by 304.8% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 416,171 shares of the technology company’s stock valued at $22,997,000 after acquiring an additional 313,372 shares during the last quarter. Synovus Financial Corp increased its holdings in Aspen Technology by 78.1% in the 2nd quarter. Synovus Financial Corp now owns 10,241 shares of the technology company’s stock valued at $565,000 after acquiring an additional 4,491 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Aspen Technology by 3.6% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 8,497 shares of the technology company’s stock valued at $470,000 after acquiring an additional 297 shares during the last quarter. Finally, Cipher Capital LP increased its holdings in Aspen Technology by 0.7% in the 2nd quarter. Cipher Capital LP now owns 56,937 shares of the technology company’s stock valued at $3,146,000 after acquiring an additional 381 shares during the last quarter.
Shares of Aspen Technology, Inc. (NASDAQ AZPN) opened at 63.45 on Friday. The firm has a 50-day moving average of $60.80 and a 200-day moving average of $58.89. The company has a market capitalization of $4.64 billion, a P/E ratio of 30.07 and a beta of 1.26. Aspen Technology, Inc. has a one year low of $45.47 and a one year high of $64.87.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Thursday, August 10th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.29. The business had revenue of $123.68 million for the quarter, compared to the consensus estimate of $119.55 million. Aspen Technology had a net margin of 33.58% and a negative return on equity of 73.17%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Analysts forecast that Aspen Technology, Inc. will post $1.99 earnings per share for the current year.
In other Aspen Technology news, insider Karl E. Johnsen sold 1,969 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $59.14, for a total transaction of $116,446.66. Following the transaction, the insider now directly owns 28,530 shares of the company’s stock, valued at $1,687,264.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP F G. Hammond sold 3,388 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $60.60, for a total transaction of $205,312.80. Following the transaction, the vice president now directly owns 20,733 shares in the company, valued at $1,256,419.80. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.
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AZPN has been the topic of a number of research reports. BidaskClub downgraded shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Berenberg Bank initiated coverage on shares of Aspen Technology in a report on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 price target on the stock. Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Wednesday, August 16th. Canaccord Genuity reiterated a “hold” rating on shares of Aspen Technology in a report on Friday, August 11th. Finally, Wedbush reiterated a “neutral” rating and issued a $59.00 price target on shares of Aspen Technology in a report on Wednesday, June 28th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $61.75.
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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