Aspen Technology, Inc. (AZPN) CEO Sells $2,059,464.00 in Stock

Aspen Technology, Inc. (NASDAQ:AZPN) CEO Antonio J. Pietri sold 26,900 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $76.56, for a total transaction of $2,059,464.00. Following the completion of the transaction, the chief executive officer now owns 250,416 shares in the company, valued at $19,171,848.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Aspen Technology, Inc. (AZPN) traded down $0.19 during trading on Wednesday, reaching $77.56. 406,693 shares of the company’s stock were exchanged, compared to its average volume of 469,166. The firm has a market cap of $5,456.57, a price-to-earnings ratio of 35.42, a PEG ratio of 3.67 and a beta of 1.30. Aspen Technology, Inc. has a 12 month low of $53.51 and a 12 month high of $84.40.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Wednesday, January 24th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.09. The company had revenue of $124.90 million for the quarter, compared to analyst estimates of $121.81 million. Aspen Technology had a net margin of 33.23% and a negative return on equity of 61.97%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. analysts anticipate that Aspen Technology, Inc. will post 1.97 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. First Manhattan Co. acquired a new stake in Aspen Technology during the 3rd quarter worth approximately $125,000. Legato Capital Management LLC acquired a new stake in Aspen Technology during the 4th quarter worth approximately $203,000. Zeke Capital Advisors LLC acquired a new stake in Aspen Technology during the 4th quarter worth approximately $204,000. Tocqueville Asset Management L.P. acquired a new stake in Aspen Technology during the 4th quarter worth approximately $209,000. Finally, Parametrica Management Ltd acquired a new stake in Aspen Technology during the 3rd quarter worth approximately $203,000.

Several brokerages have recently commented on AZPN. Bank of America lowered shares of Aspen Technology from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. They noted that the move was a valuation call. Canaccord Genuity upped their price objective on shares of Aspen Technology from $65.00 to $73.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Berenberg Bank restated a “buy” rating and issued a $88.00 price objective (up from $77.00) on shares of Aspen Technology in a report on Thursday, January 25th. Wedbush restated a “neutral” rating and issued a $74.00 price objective (up from $65.00) on shares of Aspen Technology in a report on Thursday, January 25th. Finally, KeyCorp upped their price objective on shares of Aspen Technology from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $72.67.

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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.

Insider Buying and Selling by Quarter for Aspen Technology (NASDAQ:AZPN)

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