Virginia Retirement Systems ET AL acquired a new position in shares of Aspen Technology Inc. (NASDAQ:AZPN) during the second quarter, Holdings Channel reports. The fund acquired 40,200 shares of the company’s stock, valued at approximately $1,618,000.
Other large investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Aspen Technology by 8.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,027,366 shares of the company’s stock worth $121,821,000 after buying an additional 233,394 shares in the last quarter. Neuberger Berman Group LLC raised its position in Aspen Technology by 26.9% in the second quarter. Neuberger Berman Group LLC now owns 2,581,804 shares of the company’s stock worth $103,892,000 after buying an additional 547,691 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Aspen Technology by 5.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,309,001 shares of the company’s stock worth $83,424,000 after buying an additional 110,497 shares during the last quarter. Manning & Napier Advisors LLC raised its position in Aspen Technology by 45.6% in the second quarter. Manning & Napier Advisors LLC now owns 1,872,621 shares of the company’s stock worth $75,353,000 after buying an additional 586,340 shares during the last quarter. Finally, State Street Corp raised its position in Aspen Technology by 2.8% in the first quarter. State Street Corp now owns 1,667,966 shares of the company’s stock worth $60,261,000 after buying an additional 45,732 shares during the last quarter.
Aspen Technology Inc. (NASDAQ:AZPN) opened at 46.05 on Tuesday. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 27.41 and a beta of 1.09. Aspen Technology Inc. has a one year low of $29.25 and a one year high of $47.16. The stock’s 50 day moving average price is $45.31 and its 200 day moving average price is $40.14.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.39 by $0.05. Aspen Technology had a negative return on equity of 297.67% and a net margin of 29.63%. The company had revenue of $113.70 million for the quarter, compared to analysts’ expectations of $112.88 million. During the same period last year, the firm posted $0.39 earnings per share. Aspen Technology’s revenue was down .4% compared to the same quarter last year. Equities analysts predict that Aspen Technology Inc. will post $1.80 earnings per share for the current fiscal year.
AZPN has been the subject of a number of recent analyst reports. Zacks Investment Research raised Aspen Technology from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, August 17th. Avondale Partners lowered Aspen Technology from a “market perform” rating to an “underperform” rating and lifted their target price for the company from $39.00 to $42.00 in a report on Friday, August 12th. Finally, KeyCorp reaffirmed a “buy” rating and set a $45.00 target price on shares of Aspen Technology in a report on Sunday, June 5th. 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’s stock. The stock currently has an average rating of “Hold” and an average price target of $40.71.
In other Aspen Technology news, CEO Antonio J. Pietri sold 4,500 shares of the stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $45.03, for a total value of $202,635.00. Following the transaction, the chief executive officer now owns 152,750 shares of the company’s stock, valued at $6,878,332.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP F G. Hammond sold 18,542 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $45.91, for a total value of $851,263.22. Following the completion of the transaction, the vice president now directly owns 48,885 shares in the company, valued at approximately $2,244,310.35. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.
Aspen Technology Company Profile
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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