Aspen Technology, Inc. (AZPN) Director Sells $156,992.16 in Stock

Aspen Technology, Inc. (NASDAQ:AZPN) Director Jr. Robert M. Whelan sold 2,172 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $72.28, for a total value of $156,992.16. Following the completion of the sale, the director now directly owns 15,159 shares of the company’s stock, valued at approximately $1,095,692.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Aspen Technology, Inc. (NASDAQ:AZPN) traded up $2.22 during trading on Wednesday, reaching $75.25. The company’s stock had a trading volume of 1,244,881 shares, compared to its average volume of 476,316. Aspen Technology, Inc. has a fifty-two week low of $53.51 and a fifty-two week high of $84.40. The firm has a market cap of $5,211.26, a P/E ratio of 33.35, a price-to-earnings-growth ratio of 21.63 and a beta of 1.30.

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

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

A number of hedge funds have recently bought and sold shares of AZPN. Kayne Anderson Rudnick Investment Management LLC increased its position in Aspen Technology by 15.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,984,783 shares of the technology company’s stock worth $250,285,000 after buying an additional 543,592 shares during the period. Renaissance Technologies LLC increased its position in Aspen Technology by 16.1% during the 4th quarter. Renaissance Technologies LLC now owns 3,482,100 shares of the technology company’s stock worth $230,515,000 after buying an additional 482,800 shares during the period. APG Asset Management N.V. increased its position in Aspen Technology by 262.4% during the 4th quarter. APG Asset Management N.V. now owns 467,100 shares of the technology company’s stock worth $25,751,000 after buying an additional 338,200 shares during the period. Janus Henderson Group PLC bought a new position in Aspen Technology during the 2nd quarter worth $15,288,000. Finally, Old Mutual Global Investors UK Ltd. increased its position in Aspen Technology by 51.3% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 753,868 shares of the technology company’s stock worth $49,906,000 after buying an additional 255,635 shares during the period.

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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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