Aspen Technology Inc. (NASDAQ:AZPN) saw strong trading volume on Monday . 702,182 shares traded hands during trading, an increase of 27% from the previous session’s volume of 551,120 shares.The stock last traded at $46.04 and had previously closed at $45.49.

A number of research analysts have commented on the stock. Avondale Partners downgraded shares of Aspen Technology from a “market perform” rating to an “underperform” rating and raised their target price for the company from $39.00 to $42.00 in a research report on Friday. Zacks Investment Research raised shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. KeyCorp reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Aspen Technology in a research report on Sunday, June 5th. JPMorgan Chase & Co. began coverage on shares of Aspen Technology in a research report on Friday, April 29th. They issued an “underweight” rating and a $36.00 price objective on the stock. Finally, Benchmark Co. lifted their price objective on shares of Aspen Technology from $28.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, April 26th. Two analysts have rated the stock with a sell rating, three have assigned 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 an average target price of $39.71.

The firm has a 50 day moving average of $41.75 and a 200-day moving average of $37.41. The company has a market cap of $3.65 billion and a P/E ratio of 27.12.

Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Thursday, August 11th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.05. The company earned $113.70 million during the quarter, compared to analyst estimates of $112.88 million. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. On average, analysts expect that Aspen Technology Inc. will post $1.80 earnings per share for the current year.

In other Aspen Technology 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 value of $175,500.00. Following the transaction, the chief executive officer now owns 163,844 shares of the company’s stock, valued at $6,389,916. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Other hedge funds have modified their holdings of the company. GSA Capital Partners LLP boosted its stake 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 boosted its stake 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 acquired a new stake in shares of Aspen Technology during the fourth quarter valued at about $1,997,000. KBC Group NV boosted its stake 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. Finally, Morgan Stanley boosted its stake in shares of Aspen Technology by 71.7% in the fourth quarter. Morgan Stanley now owns 403,483 shares of the company’s stock valued at $15,235,000 after buying an additional 168,426 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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