Aspen Technology Director Unloads $127,620 in Stock (AZPN)
Aspen Technology (NASDAQ:AZPN) Director Joan C. Mcardle sold 3,000 shares of Aspen Technology stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $42.54, for a total transaction of $127,620.00. Following the sale, the director now directly owns 24,106 shares in the company, valued at approximately $1,025,469. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of Aspen Technology from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $50.60 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.52.
Shares of Aspen Technology (NASDAQ:AZPN) traded up 0.14% during mid-day trading on Wednesday, hitting $42.51. 564,189 shares of the company’s stock traded hands. Aspen Technology has a one year low of $33.31 and a one year high of $48.39. The stock has a 50-day moving average of $44.5 and a 200-day moving average of $44.23. The company has a market cap of $3.880 billion and a P/E ratio of 46.14.
Aspen Technology (NASDAQ:AZPN) last released its earnings data on Wednesday, August 13th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.10. The company had revenue of $101.50 million for the quarter, compared to the consensus estimate of $96.61 million. On average, analysts predict that Aspen Technology will post $1.21 earnings per share for the current fiscal year.
Aspen Technology, Inc is a global provider of process optimization software solutions, which are designed to manage and optimize plant and process design, operational performance, and supply chain planning.
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