Waratah Capital Advisors Ltd. purchased a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 169,328 shares of the technology company’s stock, valued at approximately $20,841,000. Aspen Technology makes up about 2.3% of Waratah Capital Advisors Ltd.’s investment portfolio, making the stock its 10th biggest holding.
Other hedge funds also recently bought and sold shares of the company. Dupont Capital Management Corp lifted its holdings in Aspen Technology by 5.7% during the 2nd quarter. Dupont Capital Management Corp now owns 28,322 shares of the technology company’s stock worth $3,520,000 after buying an additional 1,516 shares during the period. BB&T Securities LLC grew its holdings in Aspen Technology by 27.1% in the second quarter. BB&T Securities LLC now owns 11,022 shares of the technology company’s stock worth $1,369,000 after purchasing an additional 2,348 shares during the period. Point72 Hong Kong Ltd increased its position in Aspen Technology by 207.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,536 shares of the technology company’s stock valued at $315,000 after buying an additional 1,712 shares in the last quarter. Cookson Peirce & Co. Inc. increased its holdings in shares of Aspen Technology by 7.0% during the third quarter. Cookson Peirce & Co. Inc. now owns 109,545 shares of the technology company’s stock valued at $13,483,000 after acquiring an additional 7,180 shares in the last quarter. Finally, Arlington Capital Management Inc. acquired a new stake in Aspen Technology in the 3rd quarter valued at $640,000. 97.11% of the stock is owned by institutional investors and hedge funds.
In other Aspen Technology news, CFO Karl E. Johnsen sold 2,310 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $116.82, for a total value of $269,854.20. Following the completion of the sale, the chief financial officer now directly owns 28,667 shares of the company’s stock, valued at approximately $3,348,878.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.
AZPN traded down $0.94 during mid-day trading on Tuesday, reaching $121.55. 2,359 shares of the stock were exchanged, compared to its average volume of 344,936. Aspen Technology, Inc. has a 1 year low of $75.01 and a 1 year high of $142.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $8.55 billion, a PE ratio of 32.18 and a beta of 1.56. The company has a 50 day moving average price of $118.58 and a two-hundred day moving average price of $124.62.
Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Wednesday, October 30th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.30. Aspen Technology had a net margin of 43.83% and a return on equity of 67.12%. The company had revenue of $134.09 million during the quarter, compared to the consensus estimate of $119.49 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. Sell-side analysts expect that Aspen Technology, Inc. will post 3.32 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on AZPN shares. JPMorgan Chase & Co. lowered their target price on shares of Aspen Technology from $131.00 to $123.00 and set an “underweight” rating on the stock in a report on Wednesday, September 11th. Bank of America reiterated a “neutral” rating and set a $136.00 price target (up previously from $130.00) on shares of Aspen Technology in a research note on Thursday, August 8th. ValuEngine raised Aspen Technology from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub raised Aspen Technology from a “strong sell” rating to a “sell” rating in a report on Thursday, November 28th. Finally, Wedbush reissued an “outperform” rating and issued a $155.00 price objective (up from $146.00) on shares of Aspen Technology in a research note on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Aspen Technology presently has an average rating of “Hold” and a consensus price target of $134.57.
Aspen Technology 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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