Cim Investment Mangement Inc. continued to hold its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,105 shares of the company’s stock at the end of the fourth quarter. Cim Investment Mangement Inc.’s holdings in Aspen Technology were worth $389,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. M&T Bank Corp raised its stake in shares of Aspen Technology by 1.2% in the third quarter. M&T Bank Corp now owns 6,609 shares of the company’s stock valued at $310,000 after buying an additional 77 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Aspen Technology by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 60,177 shares of the company’s stock worth $3,290,000 after buying an additional 200 shares during the last quarter. Hsbc Holdings PLC raised its stake in Aspen Technology by 2.6% in the third quarter. Hsbc Holdings PLC now owns 8,496 shares of the company’s stock worth $398,000 after buying an additional 213 shares during the last quarter. Pacer Advisors Inc. raised its stake in Aspen Technology by 9.3% in the third quarter. Pacer Advisors Inc. now owns 6,369 shares of the company’s stock worth $298,000 after buying an additional 540 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. raised its stake in Aspen Technology by 14.7% in the third quarter. Bbva Compass Bancshares Inc. now owns 7,686 shares of the company’s stock worth $359,000 after buying an additional 986 shares during the last quarter.

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

Shares of Aspen Technology, Inc. (NASDAQ:AZPN) traded up 0.46% on Thursday, hitting $56.92. 400,661 shares of the stock were exchanged. The company has a 50 day moving average of $55.09 and a 200 day moving average of $49.84. Aspen Technology, Inc. has a 52-week low of $31.88 and a 52-week high of $56.97. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 32.96 and a beta of 1.02.

Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Thursday, January 26th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The business had revenue of $119.90 million for the quarter, compared to the consensus estimate of $118.33 million. Aspen Technology had a net margin of 29.29% and a negative return on equity of 117.73%. Aspen Technology’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. Equities research analysts forecast that Aspen Technology, Inc. will post $1.87 earnings per share for the current year.

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AZPN has been the topic of a number of research reports. Canaccord Genuity reissued a “hold” rating and set a $46.00 target price on shares of Aspen Technology in a report on Friday, October 28th. Zacks Investment Research raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, November 2nd. Pacific Crest boosted their target price on shares of Aspen Technology from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 22nd. Finally, Avondale Partners raised shares of Aspen Technology from an “underperform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $48.29.

In related news, EVP William Griffin sold 6,772 shares of the firm’s stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $55.00, for a total value of $372,460.00. Following the sale, the executive vice president now directly owns 59,083 shares of the company’s stock, valued at $3,249,565. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP F G. Hammond sold 6,912 shares of the firm’s stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $53.00, for a total transaction of $366,336.00. Following the completion of the sale, the vice president now directly owns 27,056 shares in the company, valued at $1,433,968. The disclosure for this sale can be found here. Insiders sold 28,358 shares of company stock worth $1,536,438 over the last ninety days. 0.60% of the stock is currently owned by insiders.

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.

5 Day Chart for NASDAQ:AZPN

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