Ramsey Quantitative Systems Has $578,000 Stake in Aspen Technology, Inc. (AZPN)
Ramsey Quantitative Systems grew its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 22.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,220 shares of the technology company’s stock after acquiring an additional 2,081 shares during the quarter. Aspen Technology comprises about 0.7% of Ramsey Quantitative Systems’ portfolio, making the stock its 17th biggest position. Ramsey Quantitative Systems’ holdings in Aspen Technology were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Paradigm Asset Management Co. LLC purchased a new position in shares of Aspen Technology in the 2nd quarter valued at $138,000. Pacad Investment Ltd. purchased a new position in shares of Aspen Technology in the 2nd quarter valued at $166,000. Advisor Group Inc. increased its holdings in shares of Aspen Technology by 69.9% in the 2nd quarter. Advisor Group Inc. now owns 3,149 shares of the technology company’s stock valued at $173,000 after acquiring an additional 1,296 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Aspen Technology by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,312 shares of the technology company’s stock valued at $183,000 after acquiring an additional 357 shares during the period. Finally, TrimTabs Asset Management LLC grew its stake in Aspen Technology by 85.3% during the 2nd quarter. TrimTabs Asset Management LLC now owns 4,192 shares of the technology company’s stock worth $232,000 after buying an additional 1,930 shares during the last quarter.
Aspen Technology, Inc. (AZPN) traded up 0.77% during mid-day trading on Friday, reaching $63.94. The company’s stock had a trading volume of 273,840 shares. The firm has a market cap of $4.67 billion, a PE ratio of 30.30 and a beta of 1.26. The stock’s 50 day moving average is $60.80 and its 200 day moving average is $58.89. Aspen Technology, Inc. has a one year low of $45.47 and a one year high of $64.87.
Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Thursday, August 10th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.29. The company had revenue of $123.68 million for the quarter, compared to analyst estimates of $119.55 million. Aspen Technology had a negative return on equity of 73.17% and a net margin of 33.58%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 earnings per share. On average, analysts anticipate that Aspen Technology, Inc. will post $1.99 EPS for the current year.
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Several research analysts recently weighed in on AZPN shares. Canaccord Genuity restated a “hold” rating and set a $60.00 target price on shares of Aspen Technology in a research note on Friday, June 9th. Zacks Investment Research downgraded Aspen Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Wedbush restated a “neutral” rating and set a $59.00 target price on shares of Aspen Technology in a research note on Wednesday, June 28th. BidaskClub downgraded Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Berenberg Bank started coverage on Aspen Technology in a research note on Wednesday, August 23rd. They set a “buy” rating and a $70.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Aspen Technology presently has a consensus rating of “Buy” and an average price target of $61.75.
In other Aspen Technology news, VP F G. Hammond sold 3,388 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $60.60, for a total transaction of $205,312.80. Following the transaction, the vice president now owns 20,733 shares of the company’s stock, valued at $1,256,419.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Karl E. Johnsen sold 1,969 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $59.14, for a total value of $116,446.66. Following the transaction, the insider now directly owns 28,530 shares in the company, valued at approximately $1,687,264.20. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.
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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