Vanguard Group Inc. Has $318,594,000 Stake in Aspen Technology Inc. (AZPN)
Vanguard Group Inc. decreased its stake in Aspen Technology Inc. (NASDAQ:AZPN) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,917,343 shares of the company’s stock after selling 118,682 shares during the period. Vanguard Group Inc. owned about 9.67% of Aspen Technology worth $318,594,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Aspen Technology by 5.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 60,813 shares of the company’s stock valued at $2,197,000 after buying an additional 3,330 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Aspen Technology by 40.2% in the first quarter. Prudential Financial Inc. now owns 186,175 shares of the company’s stock valued at $6,727,000 after buying an additional 53,400 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Aspen Technology by 2.6% in the first quarter. Franklin Resources Inc. now owns 410,414 shares of the company’s stock valued at $14,828,000 after buying an additional 10,400 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Aspen Technology by 235.7% in the first quarter. BlackRock Inc. now owns 14,211 shares of the company’s stock valued at $513,000 after buying an additional 9,978 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Aspen Technology by 27.7% in the first quarter. BlackRock Group LTD now owns 93,755 shares of the company’s stock valued at $3,387,000 after buying an additional 20,343 shares in the last quarter.
Aspen Technology Inc. (NASDAQ:AZPN) opened at 47.29 on Friday. The firm has a market cap of $3.77 billion, a PE ratio of 28.15 and a beta of 1.06. Aspen Technology Inc. has a 12-month low of $29.25 and a 12-month high of $47.51. The stock has a 50 day moving average of $46.00 and a 200 day moving average of $40.82.
Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Thursday, August 11th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. The firm earned $113.70 million during the quarter, compared to analysts’ expectations of $112.88 million. Aspen Technology had a net margin of 29.63% and a negative return on equity of 297.67%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, equities research analysts anticipate that Aspen Technology Inc. will post $1.80 EPS for the current fiscal year.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Wednesday, August 17th. Avondale Partners cut shares of Aspen Technology from a “market perform” rating to an “underperform” rating and boosted their price objective for the company from $39.00 to $42.00 in a report on Friday, August 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Aspen Technology presently has an average rating of “Hold” and an average price target of $40.71.
In related news, EVP William Griffin sold 1,902 shares of the firm’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $47.09, for a total value of $89,565.18. Following the completion of the transaction, the executive vice president now owns 53,102 shares in the company, valued at approximately $2,500,573.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP F G. Hammond sold 18,542 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $45.91, for a total transaction of $851,263.22. Following the completion of the transaction, the vice president now owns 48,885 shares of the company’s stock, valued at approximately $2,244,310.35. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.
About Aspen Technology
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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