Aspen Technology Inc. (NASDAQ:AZPN)’s share price gapped up prior to trading on Monday . The stock had previously closed at $41.92, but opened at $42.03. Aspen Technology shares last traded at $42.62, with a volume of 169,010 shares changing hands.

Several equities analysts have recently weighed in on the company. KeyCorp restated a “buy” rating and issued a $45.00 price objective on shares of Aspen Technology in a report on Sunday, June 5th. Zacks Investment Research cut Aspen Technology from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. JPMorgan Chase & Co. assumed coverage on Aspen Technology in a report on Friday, April 29th. They issued an “underweight” rating and a $36.00 price objective for the company. Finally, Benchmark Co. raised their price objective on Aspen Technology from $28.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, April 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Aspen Technology presently has a consensus rating of “Hold” and a consensus price target of $38.86.

The company has a market capitalization of $3.51 billion and a PE ratio of 26.29. The stock has a 50 day moving average of $41.14 and a 200 day moving average of $37.00.

In other news, CEO Antonio J. Pietri sold 4,500 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $39.00, for a total transaction of $175,500.00. Following the transaction, the chief executive officer now owns 163,844 shares in the company, valued at $6,389,916. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Other institutional investors recently made changes to their positions in the company. GSA Capital Partners LLP raised its position in shares of Aspen Technology by 12.5% in the fourth quarter. GSA Capital Partners LLP now owns 27,639 shares of the company’s stock valued at $1,044,000 after buying an additional 3,072 shares in the last quarter. Marshall Wace LLP raised its position in shares of Aspen Technology by 317.0% in the fourth quarter. Marshall Wace LLP now owns 32,940 shares of the company’s stock valued at $1,244,000 after buying an additional 25,040 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Aspen Technology during the fourth quarter valued at $1,997,000. TrimTabs Asset Management LLC bought a new position in shares of Aspen Technology during the fourth quarter valued at $2,054,000. Finally, KBC Group NV raised its position in shares of Aspen Technology by 441.0% in the fourth quarter. KBC Group NV now owns 86,879 shares of the company’s stock valued at $3,281,000 after buying an additional 70,819 shares in the last quarter.

Aspen Technology, Inc provides process optimization software solutions designed to manage and optimize plant and process design, operational performance and supply chain planning. The Company operates through two segments: subscription and software, and services. Its subscription and software segment is engaged in the licensing of process optimization software solutions and associated support services.

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