Public Employees Retirement Association of Colorado Has $19,650,000 Stake in Aspen Technology Inc. (AZPN)
Public Employees Retirement Association of Colorado decreased its position in Aspen Technology Inc. (NASDAQ:AZPN) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 488,310 shares of the company’s stock after selling 1,918 shares during the period. Public Employees Retirement Association of Colorado owned about 0.60% of Aspen Technology worth $19,650,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. ClariVest Asset Management LLC boosted its stake in shares of Aspen Technology by 15.4% in the second quarter. ClariVest Asset Management LLC now owns 41,141 shares of the company’s stock worth $1,655,000 after buying an additional 5,500 shares during the period. Essex Investment Management Co. LLC boosted its stake in shares of Aspen Technology by 119.5% in the second quarter. Essex Investment Management Co. LLC now owns 12,300 shares of the company’s stock worth $495,000 after buying an additional 6,696 shares during the period. Bank of Montreal Can acquired a new position in Aspen Technology during the second quarter worth about $2,168,000. Nordea Investment Management AB boosted its position in Aspen Technology by 268.8% in the second quarter. Nordea Investment Management AB now owns 15,872 shares of the company’s stock worth $639,000 after buying an additional 11,568 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its position in Aspen Technology by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 240,353 shares of the company’s stock worth $9,671,000 after buying an additional 6,342 shares during the last quarter.
Shares of Aspen Technology Inc. (NASDAQ:AZPN) traded down 2.93% during mid-day trading on Tuesday, hitting $46.08. The stock had a trading volume of 202,354 shares. The company has a market cap of $3.67 billion, a P/E ratio of 27.43 and a beta of 1.06. Aspen Technology Inc. has a 1-year low of $29.25 and a 1-year high of $48.08. The firm’s 50 day moving average price is $46.06 and its 200 day moving average price is $40.99.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.05. Aspen Technology had a negative return on equity of 297.67% and a net margin of 29.63%. The company earned $113.70 million during the quarter, compared to analysts’ expectations of $112.88 million. During the same period in the prior year, the company earned $0.39 EPS. Aspen Technology’s revenue was down .4% compared to the same quarter last year. Analysts predict that Aspen Technology Inc. will post $1.80 earnings per share for the current fiscal year.
A number of research analysts have issued reports on the company. Zacks Investment Research raised Aspen Technology from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Wednesday, August 17th. Avondale Partners cut Aspen Technology from a “market perform” rating to an “underperform” rating and boosted their target price for the company from $39.00 to $42.00 in a research note on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Aspen Technology presently has a consensus rating of “Hold” and a consensus price target of $40.71.
In related news, EVP William Griffin sold 1,902 shares of the firm’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $47.09, for a total transaction of $89,565.18. Following the completion of the transaction, the executive vice president now directly owns 53,102 shares of the company’s stock, valued at approximately $2,500,573.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Antonio J. Pietri sold 4,500 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $45.03, for a total value of $202,635.00. Following the transaction, the chief executive officer now directly owns 152,750 shares of the company’s stock, valued at $6,878,332.50. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.
Aspen Technology Company Profile
Aspen Technology, Inc provides process optimization software solutions designed to manage and optimize plant and process design, operational performance and supply chain planning. The Company operates through two segments: subscription and software, and services. Its subscription and software segment is engaged in the licensing of process optimization software solutions and associated support services.
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