Dupont Capital Management Corp cut its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 14.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 111,489 shares of the technology company’s stock after selling 18,124 shares during the period. Dupont Capital Management Corp’s holdings in Aspen Technology were worth $6,161,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. HL Financial Services LLC boosted its stake 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 worth $251,000 after buying an additional 33 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Aspen Technology by 1.0% in the first quarter. Stephens Inc. AR now owns 7,820 shares of the technology company’s stock worth $461,000 after buying an additional 74 shares in the last quarter. NGAM Advisors L.P. boosted its stake 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 worth $811,000 after buying an additional 101 shares in the last quarter. Comerica Bank boosted its stake 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 worth $266,000 after buying an additional 259 shares in the last quarter. Finally, 1st Global Advisors Inc. boosted its stake in shares of Aspen Technology by 2.2% in the first quarter. 1st Global Advisors Inc. now owns 13,070 shares of the technology company’s stock worth $770,000 after buying an additional 285 shares in the last quarter.

Aspen Technology, Inc. (NASDAQ:AZPN) opened at 58.97 on Tuesday. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 27.95 and a beta of 1.28. The firm’s 50-day moving average price is $56.64 and its 200-day moving average price is $57.85. Aspen Technology, Inc. has a 12-month low of $41.30 and a 12-month high of $64.34.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Thursday, August 10th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.44 by $0.29. Aspen Technology had a negative return on equity of 77.74% and a net margin of 33.58%. The firm had revenue of $123.68 million for the quarter, compared to the consensus estimate of $119.55 million. During the same quarter last year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts predict that Aspen Technology, Inc. will post $1.99 EPS for the current fiscal year.

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A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Friday, May 5th. Wedbush restated a “neutral” rating and issued a $59.00 price objective on shares of Aspen Technology in a research note on Wednesday, June 28th. Benchmark Co. restated a “hold” rating and issued a $55.00 price objective (up from $48.00) on shares of Aspen Technology in a research note on Wednesday, May 3rd. Canaccord Genuity restated a “hold” rating on shares of Aspen Technology in a research note on Friday. Finally, BidaskClub cut Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Four equities 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. The company currently has a consensus rating of “Buy” 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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Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

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