Aspen Technology, Inc. (AZPN) Insider Karl E. Johnsen Sells 8,592 Shares

Aspen Technology, Inc. (NASDAQ:AZPN) insider Karl E. Johnsen sold 8,592 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $72.88, for a total transaction of $626,184.96. Following the completion of the sale, the insider now owns 44,772 shares in the company, valued at $3,262,983.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Aspen Technology, Inc. (NASDAQ AZPN) traded up $2.22 during mid-day trading on Wednesday, hitting $75.25. 1,244,881 shares of the stock traded hands, compared to its average volume of 476,316. Aspen Technology, Inc. has a 52 week low of $53.51 and a 52 week high of $84.40. The company has a market capitalization 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 issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. Aspen Technology had a net margin of 33.23% and a negative return on equity of 61.97%. The company had revenue of $124.90 million during the quarter, compared to the consensus estimate of $121.81 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. equities research analysts predict that Aspen Technology, Inc. will post 1.97 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Aspen Technology by 0.6% during the second quarter. Public Employees Retirement System of Ohio now owns 51,326 shares of the technology company’s stock worth $2,836,000 after acquiring an additional 293 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Aspen Technology by 0.9% during the second quarter. Parametric Portfolio Associates LLC now owns 92,443 shares of the technology company’s stock worth $5,108,000 after acquiring an additional 807 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Aspen Technology by 2.2% during the third quarter. Janney Montgomery Scott LLC now owns 38,799 shares of the technology company’s stock worth $2,437,000 after acquiring an additional 818 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Aspen Technology by 35.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,492 shares of the technology company’s stock worth $297,000 after acquiring an additional 1,180 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Aspen Technology by 15.6% during the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock worth $578,000 after acquiring an additional 1,180 shares in the last quarter.

Several equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Berenberg Bank reiterated a “buy” rating and issued a $88.00 target price (up from $77.00) on shares of Aspen Technology in a report on Thursday, January 25th. Wedbush reiterated a “neutral” rating and issued a $74.00 target price (up from $65.00) on shares of Aspen Technology in a report on Thursday, January 25th. Bank of America assumed coverage on shares of Aspen Technology in a report on Monday, November 6th. They issued a “neutral” rating and a $67.00 target price on the stock. Finally, BidaskClub lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. 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 given a strong buy rating to the company. Aspen Technology presently has an average rating of “Hold” and a consensus target price 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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