Bellevue Group AG lessened its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 20.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,400 shares of the technology company’s stock after selling 600 shares during the period. Bellevue Group AG’s holdings in Aspen Technology were worth $346,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of AZPN. First Trust Advisors LP increased its holdings in Aspen Technology by 1,755.6% in the 4th quarter. First Trust Advisors LP now owns 74,039 shares of the technology company’s stock worth $9,644,000 after purchasing an additional 70,049 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Aspen Technology by 4.7% in the fourth quarter. California Public Employees Retirement System now owns 162,191 shares of the technology company’s stock valued at $21,125,000 after buying an additional 7,352 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of Aspen Technology by 0.3% in the fourth quarter. Treasurer of the State of North Carolina now owns 25,908 shares of the technology company’s stock valued at $3,375,000 after buying an additional 90 shares during the period. Baker Tilly Financial LLC acquired a new stake in shares of Aspen Technology in the fourth quarter valued at about $563,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Aspen Technology in the fourth quarter valued at about $4,937,000. 97.70% of the stock is owned by institutional investors and hedge funds.
In other Aspen Technology news, EVP John Hague sold 552 shares of the stock in a transaction that occurred on Tuesday, April 13th. The stock was sold at an average price of $153.15, for a total value of $84,538.80. Following the transaction, the executive vice president now owns 19,727 shares in the company, valued at $3,021,190.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jr. Robert M. Whelan sold 8,966 shares of the stock in a transaction that occurred on Wednesday, May 26th. The stock was sold at an average price of $139.86, for a total value of $1,253,984.76. Following the completion of the transaction, the director now owns 17,759 shares in the company, valued at approximately $2,483,773.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,098 shares of company stock worth $8,052,793. Corporate insiders own 1.10% of the company’s stock.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Tuesday, April 27th. The technology company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.06). The firm had revenue of $162.80 million during the quarter, compared to the consensus estimate of $178.37 million. Aspen Technology had a return on equity of 55.65% and a net margin of 45.30%. The firm’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. On average, analysts predict that Aspen Technology, Inc. will post 4.74 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on the company. Robert W. Baird reissued a “buy” rating on shares of Aspen Technology in a research note on Tuesday, May 18th. KeyCorp increased their price target on Aspen Technology from $158.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, February 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $148.83.
About Aspen Technology
Aspen Technology, Inc, together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments.
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