Aspen Technology Inc. (AZPN) EVP William Griffin Sells 1,902 Shares of Stock
Aspen Technology Inc. (NASDAQ:AZPN) EVP William Griffin sold 1,902 shares of the firm’s stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $47.09, for a total value of $89,565.18. Following the transaction, the executive vice president now owns 53,102 shares in the company, valued at approximately $2,500,573.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Aspen Technology Inc. (NASDAQ:AZPN) opened at 47.29 on Friday. The firm has a market capitalization of $3.77 billion, a PE ratio of 28.15 and a beta of 1.06. The firm’s 50-day moving average price is $46.00 and its 200-day moving average price is $40.82. Aspen Technology Inc. has a 52-week low of $29.25 and a 52-week high of $47.51.
Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.05. The company had revenue of $113.70 million for the quarter, compared to analysts’ expectations of $112.88 million. Aspen Technology had a negative return on equity of 297.67% and a net margin of 29.63%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, equities analysts predict that Aspen Technology Inc. will post $1.80 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG boosted its position in Aspen Technology by 24.3% in the first quarter. UBS Group AG now owns 43,574 shares of the company’s stock valued at $1,574,000 after buying an additional 8,530 shares during the period. State Street Corp boosted its position in Aspen Technology by 2.8% in the first quarter. State Street Corp now owns 1,667,966 shares of the company’s stock valued at $60,261,000 after buying an additional 45,732 shares during the period. Zebra Capital Management LLC acquired a new position in Aspen Technology during the first quarter valued at approximately $611,000. Brookfield Asset Management Inc. boosted its position in Aspen Technology by 4.8% in the first quarter. Brookfield Asset Management Inc. now owns 13,220 shares of the company’s stock valued at $478,000 after buying an additional 600 shares during the period. Finally, Acrospire Investment Management LLC acquired a new position in Aspen Technology during the first quarter valued at approximately $249,000.
AZPN has been the topic of a number of research reports. Zacks Investment Research upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, August 17th. Avondale Partners downgraded Aspen Technology from a “market perform” rating to an “underperform” rating and raised their price target for the stock from $39.00 to $42.00 in a research note on Friday, August 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.71.
Aspen Technology Company Profile
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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