ClariVest Asset Management LLC raised its position in Aspen Technology Inc. (NASDAQ:AZPN) by 15.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,141 shares of the company’s stock after buying an additional 5,500 shares during the period. ClariVest Asset Management LLC’s holdings in Aspen Technology were worth $1,655,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of AZPN. Pacific Global Investment Management CO raised its stake in Aspen Technology by 3.8% in the first quarter. Pacific Global Investment Management CO now owns 14,255 shares of the company’s stock worth $515,000 after buying an additional 520 shares during the last quarter. Brookfield Asset Management Inc. raised its stake in Aspen Technology by 4.8% in the first quarter. Brookfield Asset Management Inc. now owns 13,220 shares of the company’s stock worth $478,000 after buying an additional 600 shares in the last quarter. Howland Capital Management LLC raised its stake in Aspen Technology by 0.3% in the second quarter. Howland Capital Management LLC now owns 209,050 shares of the company’s stock worth $8,412,000 after buying an additional 706 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Aspen Technology by 5,010.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,271 shares of the company’s stock worth $132,000 after buying an additional 3,207 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Aspen Technology by 5.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 60,813 shares of the company’s stock worth $2,197,000 after buying an additional 3,330 shares in the last quarter.
Shares of Aspen Technology Inc. (NASDAQ:AZPN) traded down 0.2585% on Wednesday, reaching $46.1903. 294,174 shares of the company traded hands. The stock has a market capitalization of $3.68 billion, a P/E ratio of 27.4942 and a beta of 1.06. The stock’s 50 day moving average price is $46.09 and its 200-day moving average price is $41.03. Aspen Technology Inc. has a one year low of $29.25 and a one year high of $48.08.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The firm had revenue of $113.70 million for the quarter, compared to the consensus estimate of $112.88 million. Aspen Technology had a net margin of 29.63% and a negative return on equity of 297.67%. The business’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Equities analysts forecast that Aspen Technology Inc. will post $1.80 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on AZPN shares. Zacks Investment Research raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Wednesday, August 17th. Avondale Partners lowered shares of Aspen Technology from a “market perform” rating to an “underperform” rating and upped their price objective for the company from $39.00 to $42.00 in a research note on Friday, August 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.71.
In related news, EVP William Griffin sold 1,902 shares of Aspen Technology stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $47.09, for a total value of $89,565.18. Following the transaction, the executive vice president now directly owns 53,102 shares of the company’s stock, valued at $2,500,573.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Antonio J. Pietri sold 4,500 shares of Aspen Technology stock in a transaction on Friday, August 26th. The stock was sold at an average price of $45.03, for a total transaction of $202,635.00. Following the completion of the transaction, the chief executive officer now directly owns 152,750 shares in the company, valued at $6,878,332.50. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.
About Aspen Technology
Aspen Technology, Inc provides process optimization software solutions designed to manage and optimize plant and process design, operational performance and supply chain planning. The Company operates through two segments: subscription and software, and services. Its subscription and software segment is engaged in the licensing of process optimization software solutions and associated support services.
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