Shares of Aspen Technology, Inc. (NASDAQ:AZPN) reached a new 52-week high during trading on Thursday . The stock traded as high as $73.70 and last traded at $72.85, with a volume of 293200 shares trading hands. The stock had previously closed at $72.81.

Several analysts have recently commented on the company. Zacks Investment Research cut Aspen Technology from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Bank of America assumed coverage on Aspen Technology in a report on Monday, November 6th. They issued a “neutral” rating and a $67.00 price target for the company. BidaskClub cut Aspen Technology from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. JPMorgan Chase & Co. raised their price target on Aspen Technology to $65.00 and gave the company an “underweight” rating in a report on Wednesday, January 3rd. Finally, KeyCorp reissued a “buy” rating and issued a $83.00 price target (up from $73.00) on shares of Aspen Technology in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $66.60.

The firm has a market cap of $5,370.00, a price-to-earnings ratio of 34.95 and a beta of 1.23.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. The firm had revenue of $122.80 million during the quarter, compared to analysts’ expectations of $121.73 million. Aspen Technology had a negative return on equity of 66.74% and a net margin of 33.35%. Aspen Technology’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. equities analysts expect that Aspen Technology, Inc. will post 1.83 EPS for the current fiscal year.

In related news, Director Jr. Robert M. Whelan sold 10,000 shares of Aspen Technology stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $66.01, for a total transaction of $660,100.00. Following the completion of the transaction, the director now directly owns 25,559 shares of the company’s stock, valued at $1,687,149.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Karl E. Johnsen sold 2,619 shares of Aspen Technology stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $64.41, for a total value of $168,689.79. Following the transaction, the insider now directly owns 40,063 shares of the company’s stock, valued at $2,580,457.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,197 shares of company stock valued at $931,360. 0.80% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Koch Industries Inc. increased its position in Aspen Technology by 8,875.5% during the second quarter. Koch Industries Inc. now owns 1,184,948 shares of the technology company’s stock worth $1,164,000 after buying an additional 1,171,746 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Aspen Technology by 68.5% during the second quarter. Cubist Systematic Strategies LLC now owns 28,518 shares of the technology company’s stock worth $1,576,000 after buying an additional 11,593 shares in the last quarter. Renaissance Technologies LLC increased its position in Aspen Technology by 20.9% during the second quarter. Renaissance Technologies LLC now owns 2,360,500 shares of the technology company’s stock worth $130,441,000 after buying an additional 408,200 shares in the last quarter. Clinton Group Inc. purchased a new position in Aspen Technology during the second quarter worth $1,135,000. Finally, Schroder Investment Management Group increased its position in Aspen Technology by 95.6% during the second quarter. Schroder Investment Management Group now owns 33,484 shares of the technology company’s stock worth $1,822,000 after buying an additional 16,365 shares in the last quarter.

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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.

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