NJ State Employees Deferred Compensation Plan Continues to Hold Position in Aspen Technology, Inc. (NASDAQ:AZPN)
NJ State Employees Deferred Compensation Plan held its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the technology company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Aspen Technology were worth $1,382,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Chicago Equity Partners LLC increased its stake in shares of Aspen Technology by 273.4% in the first quarter. Chicago Equity Partners LLC now owns 51,485 shares of the technology company’s stock valued at $3,033,000 after buying an additional 37,695 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Aspen Technology during the first quarter valued at $483,000. First Houston Capital Inc. increased its stake in shares of Aspen Technology by 32.9% in the first quarter. First Houston Capital Inc. now owns 10,100 shares of the technology company’s stock valued at $595,000 after buying an additional 2,500 shares during the period. Cookson Peirce & Co. Inc. purchased a new stake in shares of Aspen Technology during the first quarter valued at $243,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Aspen Technology during the first quarter valued at $14,783,000.
Shares of Aspen Technology, Inc. (AZPN) opened at 57.79 on Friday. Aspen Technology, Inc. has a 52-week low of $41.03 and a 52-week high of $64.34. The company has a market cap of $4.31 billion, a P/E ratio of 32.14 and a beta of 1.28. The firm has a 50-day moving average of $56.12 and a 200-day moving average of $57.72.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Tuesday, May 2nd. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.09. The business had revenue of $119.28 million during the quarter, compared to analysts’ expectations of $117.64 million. Aspen Technology had a net margin of 29.85% and a negative return on equity of 80.54%. Equities research analysts forecast that Aspen Technology, Inc. will post $1.97 earnings per share for the current year.
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Several equities research analysts recently weighed in on the stock. Canaccord Genuity reissued a “hold” rating and set a $60.00 price target on shares of Aspen Technology in a research report on Friday, June 9th. Benchmark Co. reissued a “hold” rating and set a $55.00 price target (up previously from $48.00) on shares of Aspen Technology in a research report on Wednesday, May 3rd. Robert W. Baird assumed coverage on shares of Aspen Technology in a research report on Wednesday, May 10th. They set a “neutral” rating and a $63.00 price target for the company. Zacks Investment Research raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Friday, May 5th. Finally, BidaskClub downgraded shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $60.29.
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.
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