Colony Group LLC Sells 1,425 Shares of Aspen Technology, Inc. (AZPN)

Colony Group LLC lowered its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 2.7% during the first quarter, Holdings Channel reports. The firm owned 50,524 shares of the technology company’s stock after selling 1,425 shares during the period. Colony Group LLC’s holdings in Aspen Technology were worth $2,977,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Aspen Technology by 1.6% in the first quarter. Vanguard Group Inc. now owns 7,635,099 shares of the technology company’s stock worth $449,861,000 after buying an additional 120,504 shares during the period. BlackRock Inc. raised its position in Aspen Technology by 46,846.9% in the first quarter. BlackRock Inc. now owns 5,503,112 shares of the technology company’s stock worth $324,242,000 after buying an additional 5,491,390 shares during the period. FMR LLC raised its position in Aspen Technology by 48.5% in the first quarter. FMR LLC now owns 4,206,339 shares of the technology company’s stock worth $247,837,000 after buying an additional 1,374,200 shares during the period. Neuberger Berman Group LLC raised its position in Aspen Technology by 4.8% in the first quarter. Neuberger Berman Group LLC now owns 3,501,290 shares of the technology company’s stock worth $206,296,000 after buying an additional 160,253 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in Aspen Technology by 1.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,479,044 shares of the technology company’s stock worth $204,985,000 after buying an additional 42,792 shares during the period.

Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

Shares of Aspen Technology, Inc. (NASDAQ AZPN) traded up 0.14% during midday trading on Wednesday, hitting $55.91. 460,009 shares of the company’s stock traded hands. The stock has a market cap of $4.17 billion, a P/E ratio of 31.10 and a beta of 1.26. The company has a 50 day moving average of $59.02 and a 200 day moving average of $57.39. Aspen Technology, Inc. has a 52 week low of $37.39 and a 52 week high of $64.34.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Tuesday, May 2nd. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.09. Aspen Technology had a negative return on equity of 80.54% and a net margin of 29.85%. The company had revenue of $119.28 million during the quarter, compared to analysts’ expectations of $117.64 million. On average, equities analysts forecast that Aspen Technology, Inc. will post $1.97 EPS for the current fiscal year.

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A number of equities analysts recently weighed in on AZPN shares. Robert W. Baird reiterated an “outperform” rating and issued a $65.00 price objective on shares of Aspen Technology in a research report on Thursday, May 11th. Benchmark Co. reiterated a “hold” rating and issued a $55.00 price objective (up from $48.00) on shares of Aspen Technology in a research report on Wednesday, May 3rd. Zacks Investment Research lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, March 29th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $60.00 price objective on shares of Aspen Technology in a research report on Friday, June 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $60.50.

In other news, EVP William Griffin sold 2,427 shares of the stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $58.55, for a total value of $142,100.85. Following the completion of the transaction, the executive vice president now owns 46,132 shares of the company’s stock, valued at $2,701,028.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AZPN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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