Colony Group LLC lowered its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 3.1% during the 4th quarter, HoldingsChannel reports. The firm owned 24,798 shares of the technology company’s stock after selling 803 shares during the period. Colony Group LLC’s holdings in Aspen Technology were worth $2,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Virtu Financial LLC raised its stake in Aspen Technology by 81.5% during the 3rd quarter. Virtu Financial LLC now owns 5,836 shares of the technology company’s stock valued at $718,000 after buying an additional 2,621 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Aspen Technology by 8.7% during the 3rd quarter. Stifel Financial Corp now owns 132,850 shares of the technology company’s stock valued at $16,352,000 after purchasing an additional 10,619 shares during the period. Redwood Investment Management LLC increased its position in shares of Aspen Technology by 36.9% during the 3rd quarter. Redwood Investment Management LLC now owns 7,190 shares of the technology company’s stock valued at $885,000 after purchasing an additional 1,938 shares during the last quarter. Pictet Asset Management Ltd. increased its position in shares of Aspen Technology by 25.3% during the 3rd quarter. Pictet Asset Management Ltd. now owns 352,922 shares of the technology company’s stock valued at $43,438,000 after purchasing an additional 71,255 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Aspen Technology by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 111,022 shares of the technology company’s stock valued at $13,665,000 after purchasing an additional 1,322 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

In other Aspen Technology news, CFO Karl E. Johnsen sold 1,622 shares of Aspen Technology stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $136.45, for a total transaction of $221,321.90. Following the transaction, the chief financial officer now owns 25,439 shares of the company’s stock, valued at $3,471,151.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

NASDAQ AZPN opened at $90.98 on Thursday. The stock’s 50-day moving average price is $108.52 and its 200-day moving average price is $119.92. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.84. Aspen Technology, Inc. has a 52 week low of $73.07 and a 52 week high of $142.89. The company has a market capitalization of $5.82 billion, a P/E ratio of 25.27 and a beta of 1.54.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.14). The company had revenue of $124.73 million for the quarter, compared to the consensus estimate of $135.46 million. Aspen Technology had a net margin of 41.49% and a return on equity of 63.67%. The company’s revenue was down 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 earnings per share. Research analysts anticipate that Aspen Technology, Inc. will post 3.22 EPS for the current year.

A number of equities analysts recently issued reports on AZPN shares. BidaskClub raised shares of Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. raised shares of Aspen Technology from an “underweight” rating to a “neutral” rating and set a $112.00 target price for the company in a report on Monday, March 16th. Robert W. Baird reaffirmed a “buy” rating and set a $145.00 target price on shares of Aspen Technology in a report on Friday, January 31st. ValuEngine upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Wedbush lifted their price target on shares of Aspen Technology from $145.00 to $154.00 and gave the stock a “positive” rating in a research note on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Aspen Technology has an average rating of “Buy” and an average price target of $139.86.

Aspen Technology Company Profile

Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

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

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