Millennium Management LLC reduced its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 78.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 79,253 shares of the technology company’s stock after selling 289,500 shares during the period. Millennium Management LLC’s holdings in Aspen Technology were worth $5,247,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Raymond James & Associates lifted its stake in shares of Aspen Technology by 6.4% in the fourth quarter. Raymond James & Associates now owns 170,523 shares of the technology company’s stock worth $11,289,000 after buying an additional 10,327 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of Aspen Technology by 10.9% in the fourth quarter. Two Sigma Investments LP now owns 211,217 shares of the technology company’s stock worth $13,983,000 after buying an additional 20,796 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Aspen Technology by 8.6% in the fourth quarter. Deutsche Bank AG now owns 454,915 shares of the technology company’s stock worth $30,113,000 after buying an additional 36,165 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Aspen Technology by 0.5% in the fourth quarter. Clearbridge Investments LLC now owns 2,298,078 shares of the technology company’s stock worth $152,133,000 after buying an additional 11,739 shares in the last quarter. Finally, Jefferies Group LLC lifted its stake in shares of Aspen Technology by 28.0% in the fourth quarter. Jefferies Group LLC now owns 12,963 shares of the technology company’s stock worth $858,000 after buying an additional 2,834 shares in the last quarter.

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In other Aspen Technology news, Director Jr. Robert M. Whelan sold 2,172 shares of Aspen Technology stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $72.28, for a total transaction of $156,992.16. Following the completion of the sale, the director now directly owns 15,159 shares in the company, valued at $1,095,692.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Antonio J. Pietri sold 26,900 shares of Aspen Technology stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $76.56, for a total transaction of $2,059,464.00. Following the sale, the chief executive officer now owns 250,416 shares of the company’s stock, valued at $19,171,848.96. The disclosure for this sale can be found here. Insiders have sold 52,308 shares of company stock worth $3,929,379 over the last ninety days. 0.80% of the stock is owned by insiders.

Several equities analysts have recently weighed in on the stock. Robert W. Baird raised shares of Aspen Technology from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $63.00 to $90.00 in a research note on Monday, April 9th. Canaccord Genuity lifted their target price on shares of Aspen Technology from $65.00 to $73.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. BidaskClub downgraded shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 21st. KeyCorp lifted their target price on shares of Aspen Technology from $83.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Finally, Bank of America downgraded shares of Aspen Technology from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $75.67.

Shares of AZPN stock opened at $85.54 on Tuesday. Aspen Technology, Inc. has a 12 month low of $53.51 and a 12 month high of $85.93. The stock has a market cap of $6,007.62, a price-to-earnings ratio of 40.54, a PEG ratio of 4.04 and a beta of 1.21.

Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.09. Aspen Technology had a net margin of 33.23% and a negative return on equity of 61.97%. The company had revenue of $124.90 million for the quarter, compared to the consensus estimate of $121.81 million. During the same period in the previous year, the firm earned $0.52 earnings per share. Aspen Technology’s quarterly revenue was up 4.1% compared to the same quarter last year. equities analysts predict that Aspen Technology, Inc. will post 1.97 EPS for the current fiscal year.

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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.

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

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