American Century Companies Inc. increased its position in Aspen Technology (NASDAQ:AZPN) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,280 shares of the technology company’s stock after acquiring an additional 1,135 shares during the quarter. American Century Companies Inc. owned about 0.21% of Aspen Technology worth $11,777,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in AZPN. Schwab Charles Investment Management Inc. increased its holdings in Aspen Technology by 8.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 566,293 shares of the technology company’s stock worth $37,489,000 after acquiring an additional 43,243 shares in the last quarter. APG Asset Management N.V. increased its holdings in Aspen Technology by 262.4% in the 4th quarter. APG Asset Management N.V. now owns 467,100 shares of the technology company’s stock worth $25,751,000 after acquiring an additional 338,200 shares in the last quarter. Legato Capital Management LLC purchased a new stake in Aspen Technology in the 4th quarter worth approximately $203,000. Exane Derivatives purchased a new stake in Aspen Technology in the 4th quarter worth approximately $1,297,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Aspen Technology by 35.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,492 shares of the technology company’s stock worth $297,000 after acquiring an additional 1,180 shares in the last quarter.
Shares of AZPN opened at $93.99 on Friday. Aspen Technology has a 1 year low of $53.51 and a 1 year high of $95.08. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 41.89, a P/E/G ratio of 4.54 and a beta of 1.21.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Wednesday, April 25th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. Aspen Technology had a net margin of 33.19% and a negative return on equity of 61.04%. The business had revenue of $125.87 million during the quarter, compared to analyst estimates of $121.94 million. During the same period last year, the firm posted $0.47 EPS. The company’s revenue was up 5.5% on a year-over-year basis. equities research analysts anticipate that Aspen Technology will post 2.04 earnings per share for the current year.
Several equities research analysts recently issued reports on AZPN shares. Berenberg Bank increased their target price on shares of Aspen Technology to $98.00 and gave the stock a “buy” rating in a report on Thursday, April 26th. BidaskClub raised shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 27th. Robert W. Baird raised shares of Aspen Technology from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $63.00 to $90.00 in a report on Monday, April 9th. Wedbush reaffirmed a “neutral” rating and set a $74.00 price objective (up from $65.00) on shares of Aspen Technology in a report on Thursday, January 25th. Finally, Canaccord Genuity increased their price objective on shares of Aspen Technology from $65.00 to $73.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $83.88.
In other news, VP F G. Hammond sold 16,024 shares of the stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $88.00, for a total transaction of $1,410,112.00. Following the completion of the transaction, the vice president now directly owns 29,113 shares in the company, valued at approximately $2,561,944. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jr. Robert M. Whelan sold 1,500 shares of the stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $88.03, for a total value of $132,045.00. Following the transaction, the director now owns 11,887 shares of the company’s stock, valued at $1,046,412.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,083 shares of company stock valued at $2,216,193. Insiders own 0.60% of the company’s stock.
Aspen Technology Profile
Aspen Technology, Inc, together with its subsidiaries, provides software and services in the United States, Europe, and internationally. It 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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