Aspen Technology Inc. (AZPN) CEO Antonio J. Pietri Sells 4,400 Shares of Stock
Aspen Technology Inc. (NASDAQ:AZPN) CEO Antonio J. Pietri sold 4,400 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $51.47, for a total transaction of $226,468.00. Following the sale, the chief executive officer now owns 218,049 shares of the company’s stock, valued at $11,222,982.03. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Aspen Technology Inc. (NASDAQ:AZPN) traded down 0.3647% during midday trading on Monday, reaching $51.8801. The company’s stock had a trading volume of 132,069 shares. The stock has a 50-day moving average of $48.17 and a 200 day moving average of $43.38. Aspen Technology Inc. has a 12-month low of $29.25 and a 12-month high of $52.48. The firm has a market capitalization of $4.01 billion, a P/E ratio of 30.8994 and a beta of 1.00.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.10. Aspen Technology had a net margin of 29.27% and a negative return on equity of 181.66%. The business earned $120.10 million during the quarter, compared to the consensus estimate of $116.48 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts predict that Aspen Technology Inc. will post $1.83 EPS for the current fiscal year.
AZPN has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Avondale Partners lowered Aspen Technology from a “market perform” rating to an “underperform” rating and upped their price objective for the stock from $39.00 to $42.00 in a research note on Friday, August 12th. Finally, Canaccord Genuity restated a “hold” rating and issued a $46.00 price objective on shares of Aspen Technology in a research note on Friday, October 28th. Two 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 currently has an average rating of “Hold” and an average price target of $43.14.
Several large investors have recently bought and sold shares of the company. Seven Eight Capital LLC bought a new stake in Aspen Technology during the first quarter valued at approximately $137,000. Aristotle Capital Boston LLC increased its position in Aspen Technology by 3.3% in the second quarter. Aristotle Capital Boston LLC now owns 171,476 shares of the company’s stock worth $6,900,000 after buying an additional 5,402 shares in the last quarter. Geode Capital Management LLC increased its position in Aspen Technology by 4.2% in the first quarter. Geode Capital Management LLC now owns 805,837 shares of the company’s stock worth $29,114,000 after buying an additional 32,733 shares in the last quarter. BTIM Corp. acquired a new position in Aspen Technology during the second quarter worth about $25,726,000. Finally, Kornitzer Capital Management Inc. KS increased its position in Aspen Technology by 33.5% in the second quarter. Kornitzer Capital Management Inc. KS now owns 307,920 shares of the company’s stock worth $12,391,000 after buying an additional 77,295 shares in the last quarter.
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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