Howard Hughes Medical Institute Grows Position in Aspen Technology, Inc. (AZPN)
Howard Hughes Medical Institute boosted its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,631 shares of the technology company’s stock after purchasing an additional 348 shares during the period. Howard Hughes Medical Institute owned 0.05% of Aspen Technology worth $2,190,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AZPN. Russell Investments Group Ltd. boosted its position in Aspen Technology by 9.9% during the first quarter. Russell Investments Group Ltd. now owns 170,422 shares of the technology company’s stock valued at $10,041,000 after purchasing an additional 15,403 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Aspen Technology by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 367,323 shares of the technology company’s stock valued at $21,643,000 after purchasing an additional 3,986 shares during the last quarter. Comerica Bank boosted its position in Aspen Technology by 6.4% during the first quarter. Comerica Bank now owns 4,302 shares of the technology company’s stock valued at $266,000 after purchasing an additional 259 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Aspen Technology by 48.8% during the first quarter. UBS Asset Management Americas Inc. now owns 96,138 shares of the technology company’s stock valued at $5,664,000 after purchasing an additional 31,531 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Aspen Technology during the first quarter valued at $767,000.
Shares of Aspen Technology, Inc. (NASDAQ AZPN) traded down 0.06% during mid-day trading on Friday, hitting $63.73. The company’s stock had a trading volume of 649,559 shares. The company has a 50-day moving average price of $60.38 and a 200-day moving average price of $58.82. Aspen Technology, Inc. has a 1-year low of $45.17 and a 1-year high of $64.87. The stock has a market cap of $4.66 billion, a PE ratio of 30.20 and a beta of 1.26.
Aspen Technology (NASDAQ:AZPN) last released its earnings results on Thursday, August 10th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.29. The firm had revenue of $123.68 million during the quarter, compared to analysts’ expectations of $119.55 million. Aspen Technology had a negative return on equity of 73.17% and a net margin of 33.58%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Analysts predict that Aspen Technology, Inc. will post $1.99 EPS for the current fiscal year.
A number of research firms recently issued reports on AZPN. Canaccord Genuity reissued a “hold” rating and set a $60.00 price objective on shares of Aspen Technology in a research report on Friday, June 9th. Zacks Investment Research cut Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Berenberg Bank began coverage on Aspen Technology in a research report on Wednesday, August 23rd. They set a “buy” rating and a $70.00 price objective for the company. BidaskClub raised Aspen Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Finally, Wedbush reissued a “neutral” rating and set a $59.00 price objective on shares of Aspen Technology in a research report on Wednesday, June 28th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $61.75.
In other news, VP F G. Hammond sold 3,388 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $60.60, for a total transaction of $205,312.80. Following the completion of the transaction, the vice president now directly owns 20,733 shares in the company, valued at approximately $1,256,419.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Karl E. Johnsen sold 1,969 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $59.14, for a total transaction of $116,446.66. Following the transaction, the insider now owns 28,530 shares of the company’s stock, valued at $1,687,264.20. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.
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Aspen Technology 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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