Wilkins Investment Counsel Inc. continued to hold its position in Aspen Technology, Inc. (NASDAQ:AZPN) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,850 shares of the technology company’s stock at the end of the first quarter. Wilkins Investment Counsel Inc.’s holdings in Aspen Technology were worth $2,937,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC raised its position in Aspen Technology by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,262 shares of the technology company’s stock worth $133,000 after buying an additional 1,064 shares during the last quarter. Fortaleza Asset Management Inc. increased its stake in Aspen Technology by 4.3% in the fourth quarter. Fortaleza Asset Management Inc. now owns 3,615 shares of the technology company’s stock worth $198,000 after buying an additional 150 shares during the period. Pitcairn Co. acquired a new stake in Aspen Technology during the fourth quarter worth $202,000. Federated Investors Inc. PA acquired a new stake in Aspen Technology during the fourth quarter worth $203,000. Finally, First Republic Investment Management Inc. acquired a new stake in Aspen Technology during the fourth quarter worth $203,000.
Aspen Technology, Inc. (NASDAQ:AZPN) traded up 0.92% during trading on Friday, reaching $58.31. The company had a trading volume of 525,501 shares. The stock has a market cap of $4.34 billion, a PE ratio of 32.43 and a beta of 1.02. The company has a 50-day moving average price of $59.20 and a 200 day moving average price of $55.99. Aspen Technology, Inc. has a 52-week low of $37.08 and a 52-week high of $64.34.
Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Tuesday, May 2nd. The technology company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.09. The business had revenue of $119.28 million during the quarter, compared to analysts’ expectations of $117.64 million. Aspen Technology had a negative return on equity of 117.73% and a net margin of 29.29%. On average, analysts anticipate that Aspen Technology, Inc. will post $1.97 earnings per share for the current year.
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A number of analysts recently weighed in on AZPN shares. Avondale Partners upgraded Aspen Technology from an “underperform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Friday, January 27th. Zacks Investment Research upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Tuesday, January 31st. Canaccord Genuity reiterated a “hold” rating and set a $55.00 target price on shares of Aspen Technology in a research report on Friday, February 24th. Benchmark Co. reiterated a “hold” rating and set a $55.00 target price (up from $48.00) on shares of Aspen Technology in a research report on Wednesday, May 3rd. Finally, Robert W. Baird initiated coverage on Aspen Technology in a research report on Wednesday, May 10th. They set a “neutral” rating and a $63.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Aspen Technology currently has an average rating of “Buy” and a consensus target price of $57.57.
In other news, EVP William Griffin sold 2,427 shares of the firm’s 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 sale, the executive vice president now owns 46,132 shares of the company’s stock, valued at $2,701,028.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.60% of the company’s stock.
Aspen Technology Company Profile
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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