ProShare Advisors LLC reduced its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 13.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,363 shares of the technology company’s stock after selling 1,422 shares during the period. ProShare Advisors LLC’s holdings in Aspen Technology were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of AZPN. BlackRock Inc. grew its stake in shares of Aspen Technology by 46,846.9% in the 1st quarter. BlackRock Inc. now owns 5,503,112 shares of the technology company’s stock worth $324,242,000 after buying an additional 5,491,390 shares in the last quarter. FMR LLC grew its stake in shares of Aspen Technology by 48.5% in the 1st quarter. FMR LLC now owns 4,206,339 shares of the technology company’s stock worth $247,837,000 after buying an additional 1,374,200 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Aspen Technology by 21.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,952,300 shares of the technology company’s stock worth $115,030,000 after buying an additional 343,800 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in shares of Aspen Technology by 304.8% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 416,171 shares of the technology company’s stock worth $22,997,000 after buying an additional 313,372 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its stake in shares of Aspen Technology by 22.7% in the 2nd quarter. Pictet Asset Management Ltd. now owns 1,609,712 shares of the technology company’s stock worth $98,450,000 after buying an additional 297,400 shares in the last quarter.

In other Aspen Technology news, insider Karl E. Johnsen sold 1,969 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $59.14, for a total transaction of $116,446.66. Following the completion of the transaction, the insider now owns 28,530 shares of the company’s stock, valued at $1,687,264.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP F G. Hammond sold 3,388 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $60.60, for a total transaction of $205,312.80. Following the transaction, the vice president now directly owns 20,733 shares of the company’s stock, valued at approximately $1,256,419.80. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

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Aspen Technology, Inc. (NASDAQ:AZPN) opened at 63.92 on Friday. Aspen Technology, Inc. has a 1-year low of $45.47 and a 1-year high of $64.87. The company’s 50 day moving average is $62.60 and its 200-day moving average is $59.28. The stock has a market capitalization of $4.67 billion, a PE ratio of 30.29 and a beta of 1.24.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Thursday, August 10th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.29. Aspen Technology had a net margin of 33.58% and a negative return on equity of 73.17%. The firm had revenue of $123.68 million during the quarter, compared to analysts’ expectations of $119.55 million. During the same period last year, the business earned $0.44 earnings per share. Aspen Technology’s revenue was up 8.8% compared to the same quarter last year. Analysts forecast that Aspen Technology, Inc. will post $1.99 earnings per share for the current fiscal year.

A number of equities analysts have commented on AZPN shares. Canaccord Genuity reissued a “hold” rating and issued a $60.00 price objective on shares of Aspen Technology in a research note on Friday, June 9th. Wedbush reissued a “neutral” rating and issued a $59.00 price objective on shares of Aspen Technology in a research note on Wednesday, June 28th. Zacks Investment Research cut shares of Aspen Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub cut shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Berenberg Bank started coverage on shares of Aspen Technology in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 price objective for the company. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Aspen Technology currently has a consensus rating of “Buy” and an average target price of $61.75.

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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Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

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