Sei Investments Co. lowered its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 6.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 179,696 shares of the technology company’s stock after selling 11,896 shares during the period. Sei Investments Co.’s holdings in Aspen Technology were worth $9,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of Aspen Technology by 3.2% in the second quarter. Janney Montgomery Scott LLC now owns 37,981 shares of the technology company’s stock valued at $2,099,000 after buying an additional 1,176 shares in the last quarter. American Capital Management Inc. boosted its position in shares of Aspen Technology by 12.2% in the second quarter. American Capital Management Inc. now owns 28,295 shares of the technology company’s stock valued at $1,564,000 after buying an additional 3,075 shares in the last quarter. NGAM Advisors L.P. boosted its position in shares of Aspen Technology by 0.7% in the second quarter. NGAM Advisors L.P. now owns 14,673 shares of the technology company’s stock valued at $811,000 after buying an additional 101 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Aspen Technology by 26.7% in the second quarter. Acadian Asset Management LLC now owns 79,151 shares of the technology company’s stock valued at $4,373,000 after buying an additional 16,682 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Aspen Technology by 55.0% in the second quarter. Russell Investments Group Ltd. now owns 264,216 shares of the technology company’s stock valued at $14,600,000 after buying an additional 93,794 shares in the last quarter.

Aspen Technology, Inc. (AZPN) opened at 56.65 on Friday. The company’s 50-day moving average price is $56.42 and its 200 day moving average price is $57.78. Aspen Technology, Inc. has a 52 week low of $41.30 and a 52 week high of $64.34. The company has a market cap of $4.22 billion, a PE ratio of 31.51 and a beta of 1.28.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Thursday, August 10th. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.35. The company had revenue of $123.68 million during the quarter, compared to the consensus estimate of $119.55 million. Aspen Technology had a negative return on equity of 80.54% and a net margin of 29.85%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, analysts anticipate that Aspen Technology, Inc. will post $1.97 EPS for the current year.

WARNING: “Aspen Technology, Inc. (AZPN) Stake Decreased by Sei Investments Co.” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/11/aspen-technology-inc-azpn-stake-decreased-by-sei-investments-co.html.

Several brokerages recently weighed in on AZPN. Zacks Investment Research raised Aspen Technology from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub raised Aspen Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Wedbush reaffirmed a “neutral” rating and set a $59.00 target price on shares of Aspen Technology in a research note on Wednesday, June 28th. Canaccord Genuity reaffirmed a “hold” rating and set a $60.00 target price on shares of Aspen Technology in a research note on Friday, June 9th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $65.00 target price on shares of Aspen Technology in a research note on Thursday, May 11th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $60.29.

About Aspen Technology

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.

Want to see what other hedge funds are holding AZPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aspen Technology, Inc. (NASDAQ:AZPN).

Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

Receive News & Ratings for Aspen Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.