Aspen Technology, Inc. (AZPN) Insider Karl E. Johnsen Sells 2,304 Shares

Aspen Technology, Inc. (NASDAQ:AZPN) insider Karl E. Johnsen sold 2,304 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $75.00, for a total value of $172,800.00. Following the completion of the transaction, the insider now directly owns 36,180 shares in the company, valued at $2,713,500. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Aspen Technology, Inc. (AZPN) traded up $0.71 during mid-day trading on Friday, reaching $72.04. The company’s stock had a trading volume of 460,295 shares, compared to its average volume of 459,321. Aspen Technology, Inc. has a 1-year low of $53.51 and a 1-year high of $84.40. The stock has a market cap of $5,140.00, a price-to-earnings ratio of 32.10, a PEG ratio of 22.19 and a beta of 1.29.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly 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. Aspen Technology had a negative return on equity of 61.97% and a net margin of 33.23%. The business had revenue of $124.90 million during the quarter, compared to analyst estimates of $121.81 million. During the same quarter in the prior year, the business posted $0.52 EPS. Aspen Technology’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities research analysts expect that Aspen Technology, Inc. will post 1.97 EPS for the current year.

A number of equities research analysts have issued reports on AZPN shares. Wedbush reiterated a “neutral” rating and issued a $74.00 price target (up previously from $65.00) on shares of Aspen Technology in a research note on Thursday, January 25th. KeyCorp increased their price target on Aspen Technology from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Robert W. Baird reiterated a “hold” rating on shares of Aspen Technology in a research note on Wednesday, January 24th. Berenberg Bank reiterated a “buy” rating and issued a $88.00 price target (up previously from $77.00) on shares of Aspen Technology in a research note on Thursday, January 25th. Finally, Canaccord Genuity increased their price target on Aspen Technology from $65.00 to $73.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $72.67.

Institutional investors have recently modified their holdings of the company. First Manhattan Co. purchased a new position in shares of Aspen Technology during the third quarter valued at about $125,000. Legato Capital Management LLC purchased a new position in shares of Aspen Technology during the fourth quarter valued at about $203,000. Advisor Group Inc. grew its position in shares of 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 purchasing an additional 1,296 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Aspen Technology during the third quarter valued at about $203,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Aspen Technology during the fourth quarter valued at about $224,000.

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About Aspen Technology

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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