Cubist Systematic Strategies LLC Has $1.58 Million Position in Aspen Technology, Inc. (AZPN)
Cubist Systematic Strategies LLC lifted its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 68.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,518 shares of the technology company’s stock after acquiring an additional 11,593 shares during the period. Cubist Systematic Strategies LLC’s holdings in Aspen Technology were worth $1,576,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Paradigm Asset Management Co. LLC bought a new position in shares of Aspen Technology in the 2nd quarter valued at about $138,000. Pacad Investment Ltd. bought a new position in shares of Aspen Technology in the 2nd quarter valued at about $166,000. Advisor Group Inc. lifted its holdings in shares of Aspen Technology by 69.9% in the 2nd quarter. Advisor Group Inc. now owns 3,149 shares of the technology company’s stock valued at $173,000 after acquiring an additional 1,296 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aspen Technology by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,312 shares of the technology company’s stock valued at $183,000 after acquiring an additional 357 shares during the last quarter. Finally, TrimTabs Asset Management LLC lifted its holdings in shares of Aspen Technology by 85.3% in the 2nd quarter. TrimTabs Asset Management LLC now owns 4,192 shares of the technology company’s stock valued at $232,000 after acquiring an additional 1,930 shares during the last quarter.
Shares of Aspen Technology, Inc. (NASDAQ AZPN) traded up 0.378% during trading on Wednesday, hitting $65.005. 8,984 shares of the stock were exchanged. Aspen Technology, Inc. has a one year low of $45.47 and a one year high of $65.23. The stock’s 50 day moving average price is $63.13 and its 200-day moving average price is $59.46. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 30.808 and a beta of 1.24.
Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Thursday, August 10th. The technology company reported $0.73 EPS for the quarter, topping the 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 for the quarter, compared to analyst estimates of $119.55 million. During the same period in the prior year, the business posted $0.44 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts predict that Aspen Technology, Inc. will post $1.99 EPS for the current year.
In other news, insider Karl E. Johnsen sold 1,969 shares of the company’s 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 directly owns 28,530 shares in the company, valued at approximately $1,687,264.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP F G. Hammond sold 3,388 shares of the company’s 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 completion of the transaction, the vice president now owns 20,733 shares in the company, valued at $1,256,419.80. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
Several analysts have issued reports on the stock. Robert W. Baird set a $63.00 price objective on shares of Aspen Technology and gave the stock a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Berenberg Bank assumed 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. Canaccord Genuity reissued a “hold” rating on shares of Aspen Technology in a research note on Friday, August 11th. Finally, BidaskClub raised shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $61.50.
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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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