Capital Investment Advisory Services LLC acquired a new position in Aspen Technology, Inc. (NASDAQ:AZPN) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 214 shares of the technology company’s stock, valued at approximately $29,000.
Several other institutional investors and hedge funds have also made changes to their positions in AZPN. Kavar Capital Partners LLC acquired a new position in Aspen Technology during the second quarter valued at $54,000. Daiwa Securities Group Inc. acquired a new position in shares of Aspen Technology in the 2nd quarter valued at about $68,000. Parkside Financial Bank & Trust acquired a new position in shares of Aspen Technology in the 2nd quarter valued at about $74,000. Meridian Wealth Management LLC purchased a new stake in shares of Aspen Technology in the first quarter worth approximately $76,000. Finally, Anderson Fisher LLC purchased a new stake in shares of Aspen Technology in the first quarter worth approximately $105,000. 96.45% of the stock is currently owned by institutional investors.
In related news, CFO Karl E. Johnsen sold 2,972 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $136.80, for a total value of $406,569.60. Following the transaction, the chief financial officer now directly owns 22,150 shares of the company’s stock, valued at approximately $3,030,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.
NASDAQ AZPN opened at $125.54 on Tuesday. The stock has a market capitalization of $9.16 billion, a PE ratio of 33.30, a price-to-earnings-growth ratio of 21.99 and a beta of 1.59. The company has a 50 day moving average price of $133.77 and a two-hundred day moving average price of $119.30. Aspen Technology, Inc. has a 12-month low of $74.84 and a 12-month high of $142.15.
Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.50. The firm had revenue of $195.77 million during the quarter, compared to analysts’ expectations of $162.71 million. Aspen Technology had a net margin of 43.91% and a return on equity of 60.30%. Aspen Technology’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. On average, analysts expect that Aspen Technology, Inc. will post 3.08 EPS for the current fiscal year.
Several analysts recently commented on AZPN shares. Benchmark restated a “buy” rating and set a $152.00 price target (up from $133.00) on shares of Aspen Technology in a report on Monday, August 12th. KeyCorp upped their price objective on shares of Aspen Technology from $124.00 to $141.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on shares of Aspen Technology from $114.00 to $131.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. Bank of America reaffirmed a “neutral” rating and issued a $136.00 price target (up from $130.00) on shares of Aspen Technology in a research note on Thursday, August 8th. Finally, Wedbush reiterated an “outperform” rating and set a $155.00 price objective (up from $146.00) on shares of Aspen Technology in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $134.43.
About Aspen Technology
Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.
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