Aspen Technology, Inc. (AZPN) Director Sells $451,664.64 in Stock
Aspen Technology, Inc. (NASDAQ:AZPN) Director Donald P. Casey sold 6,048 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $74.68, for a total value of $451,664.64. Following the completion of the transaction, the director now owns 12,972 shares of the company’s stock, valued at approximately $968,748.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Aspen Technology, Inc. (NASDAQ:AZPN) opened at $72.04 on Friday. The company has a market capitalization of $5,131.40, a price-to-earnings ratio of 32.89, a P/E/G ratio of 21.30 and a beta of 1.30. Aspen Technology, Inc. has a 52 week low of $53.51 and a 52 week high of $84.40.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.09. Aspen Technology had a negative return on equity of 61.97% and a net margin of 33.23%. The business had revenue of $124.90 million for the quarter, compared to analyst estimates of $121.81 million. During the same quarter last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. research analysts predict that Aspen Technology, Inc. will post 1.97 earnings per share for the current fiscal year.
A number of analysts recently commented on AZPN shares. Robert W. Baird reaffirmed a “hold” rating on shares of Aspen Technology in a research note on Wednesday, January 24th. Canaccord Genuity increased their price objective on Aspen Technology from $62.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 27th. Bank of America lowered Aspen Technology from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 25th. They noted that the move was a valuation call. Zacks Investment Research raised Aspen Technology from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Tuesday, October 31st. Finally, BidaskClub raised Aspen Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $72.67.
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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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