Gargoyle Investment Advisor L.L.C. held its stake in Aspen Technology, Inc. (NASDAQ:AZPN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,904 shares of the technology company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Aspen Technology were worth $2,150,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC raised its position in shares of Aspen Technology by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,262 shares of the technology company’s stock valued at $133,000 after buying an additional 1,064 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new position in shares of Aspen Technology during the first quarter valued at approximately $243,000. HL Financial Services LLC raised its position in shares of Aspen Technology by 0.8% in the first quarter. HL Financial Services LLC now owns 4,257 shares of the technology company’s stock valued at $251,000 after buying an additional 33 shares in the last quarter. Comerica Bank raised its position in shares of Aspen Technology by 6.4% in the first quarter. Comerica Bank now owns 4,302 shares of the technology company’s stock valued at $266,000 after buying an additional 259 shares in the last quarter. Finally, Legato Capital Management LLC bought a new position in shares of Aspen Technology during the second quarter valued at approximately $260,000.

Aspen Technology, Inc. (NASDAQ AZPN) opened at 59.86 on Friday. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 28.37 and a beta of 1.28. The firm has a 50-day moving average of $56.56 and a 200 day moving average of $57.81. Aspen Technology, Inc. has a 52 week low of $44.55 and a 52 week high of $64.34.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.29. The business had revenue of $123.68 million during the quarter, compared to analyst estimates of $119.55 million. Aspen Technology had a negative return on equity of 77.74% and a net margin of 33.58%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, analysts anticipate that Aspen Technology, Inc. will post $2.03 EPS for the current year.

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AZPN has been the topic of several recent analyst reports. Benchmark Co. reiterated a “hold” rating and issued a $55.00 price target (up from $48.00) on shares of Aspen Technology in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Friday, May 5th. Robert W. Baird initiated coverage on shares of Aspen Technology in a research note on Wednesday, May 10th. They issued a “neutral” rating and a $63.00 price target on the stock. Canaccord Genuity reiterated a “hold” rating and issued a $60.00 price target on shares of Aspen Technology in a research note on Friday, June 9th. Finally, Wedbush reiterated a “neutral” rating and issued a $59.00 price target on shares of Aspen Technology in a research note on Wednesday, June 28th. Four research 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’s stock. The company currently has an average rating of “Buy” and an average 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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Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

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