Aspen Technology, Inc. (AZPN) Shares Sold by Foundry Partners LLC
Foundry Partners LLC reduced its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 64,687 shares of the technology company’s stock after selling 433 shares during the period. Foundry Partners LLC owned 0.09% of Aspen Technology worth $3,575,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC boosted its stake in Aspen Technology by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,262 shares of the technology company’s stock valued at $133,000 after buying an additional 1,064 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new stake in Aspen Technology during the first quarter valued at about $243,000. HL Financial Services LLC boosted its stake in Aspen Technology by 0.8% in the first quarter. HL Financial Services LLC now owns 4,257 shares of the technology company’s stock valued at $251,000 after buying an additional 33 shares in the last quarter. Legato Capital Management LLC bought a new stake in Aspen Technology during the second quarter valued at about $260,000. Finally, Comerica Bank boosted its stake in Aspen Technology by 6.4% in the first quarter. Comerica Bank now owns 4,302 shares of the technology company’s stock valued at $266,000 after buying an additional 259 shares in the last quarter.
Aspen Technology, Inc. (AZPN) opened at 59.86 on Wednesday. The firm’s 50-day moving average is $56.76 and its 200-day moving average is $57.90. The firm has a market capitalization of $4.39 billion, a PE ratio of 28.37 and a beta of 1.28. Aspen Technology, Inc. has a 12 month low of $41.30 and a 12 month high of $64.34.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Thursday, August 10th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.29. Aspen Technology had a negative return on equity of 73.17% and a net margin of 33.58%. The firm had revenue of $123.68 million for the quarter, compared to the consensus estimate of $119.55 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. On average, equities research analysts expect that Aspen Technology, Inc. will post $1.99 EPS for the current year.
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Several research firms recently issued reports on AZPN. Zacks Investment Research raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, May 5th. BidaskClub raised shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Wedbush reaffirmed a “neutral” rating and set a $59.00 price target on shares of Aspen Technology in a research report on Wednesday, June 28th. Canaccord Genuity reaffirmed a “hold” rating on shares of Aspen Technology in a research report on Friday, August 11th. Finally, Robert W. Baird began coverage on shares of Aspen Technology in a research report on Wednesday, May 10th. They set a “neutral” rating and a $63.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Aspen Technology currently has an average rating of “Buy” and a consensus price target of $60.29.
Aspen Technology Company Profile
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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