UBS Asset Management Americas Inc. lessened its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,056 shares of the technology company’s stock after selling 2,082 shares during the period. UBS Asset Management Americas Inc. owned about 0.13% of Aspen Technology worth $5,198,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Paradigm Asset Management Co. LLC acquired a new position in shares of Aspen Technology in the second quarter valued at approximately $138,000. Pacad Investment Ltd. acquired a new position in shares of Aspen Technology in the second quarter valued at approximately $166,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Aspen Technology by 12.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,312 shares of the technology company’s stock valued at $183,000 after buying an additional 357 shares during the last quarter. TrimTabs Asset Management LLC raised its position in shares of Aspen Technology by 85.3% in the second quarter. TrimTabs Asset Management LLC now owns 4,192 shares of the technology company’s stock valued at $232,000 after buying an additional 1,930 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new position in shares of Aspen Technology in the second quarter valued at approximately $260,000.

Shares of Aspen Technology, Inc. (NASDAQ:AZPN) opened at 64.72 on Monday. The stock has a market capitalization of $4.73 billion, a P/E ratio of 30.67 and a beta of 1.24. The company has a 50-day moving average of $62.78 and a 200-day moving average of $59.32. Aspen Technology, Inc. has a 12-month low of $45.47 and a 12-month high of $64.87.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Thursday, August 10th. The technology company reported $0.73 EPS for the quarter, beating the consensus estimate 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 company had revenue of $123.68 million for the quarter, compared to the consensus estimate of $119.55 million. During the same quarter last year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts expect that Aspen Technology, Inc. will post $1.99 earnings per share for the current fiscal year.

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In other Aspen Technology news, VP F G. Hammond sold 3,388 shares of the stock in a transaction that occurred on 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 owns 20,733 shares in the company, valued at $1,256,419.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Karl E. Johnsen sold 1,969 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $59.14, for a total value of $116,446.66. Following the transaction, the insider now owns 28,530 shares in the company, valued at approximately $1,687,264.20. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

AZPN has been the subject of a number of analyst reports. BidaskClub lowered shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Berenberg Bank started coverage on shares of Aspen Technology in a report on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 target price for the company. Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Wednesday, August 16th. Canaccord Genuity restated a “hold” rating on shares of Aspen Technology in a report on Friday, August 11th. Finally, Robert W. Baird set a $63.00 target price on shares of Aspen Technology and gave the company a “hold” rating in a report on Friday. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.50.

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

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