Aspen Technology, Inc. (NASDAQ:AZPN) Shares Bought by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio boosted its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,033 shares of the technology company’s stock after buying an additional 844 shares during the period. Public Employees Retirement System of Ohio’s holdings in Aspen Technology were worth $3,007,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in AZPN. TrimTabs Asset Management LLC raised its stake in shares of Aspen Technology by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,262 shares of the technology company’s stock valued at $133,000 after buying an additional 1,064 shares during the last quarter. Federated Investors Inc. PA bought a new stake in shares of Aspen Technology during the fourth quarter valued at approximately $203,000. Comerica Bank bought a new stake in shares of Aspen Technology during the fourth quarter valued at approximately $225,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Aspen Technology during the first quarter valued at approximately $243,000. Finally, HL Financial Services LLC raised its stake in shares of Aspen Technology by 0.8% in the first quarter. HL Financial Services LLC now owns 4,257 shares of the technology company’s stock valued at $251,000 after buying an additional 33 shares in the last quarter.
Shares of Aspen Technology, Inc. (AZPN) opened at 56.42 on Monday. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 31.38 and a beta of 1.28. The company has a 50-day moving average price of $58.34 and a 200 day moving average price of $57.44. Aspen Technology, Inc. has a 52 week low of $41.03 and a 52 week high of $64.34.
Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.47 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $119.28 million for the quarter, compared to analyst estimates of $117.64 million. Analysts expect that Aspen Technology, Inc. will post $1.97 EPS for the current fiscal year.
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Several brokerages recently commented on AZPN. Zacks Investment Research lowered Aspen Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Wedbush reaffirmed a “neutral” rating and issued a $59.00 price target on shares of Aspen Technology in a research note on Wednesday, June 28th. Canaccord Genuity reaffirmed a “hold” rating and issued a $60.00 price target on shares of Aspen Technology in a research note on Friday, June 9th. Robert W. Baird began coverage on Aspen Technology in a research note on Wednesday, May 10th. They issued a “neutral” rating and a $63.00 price target on the stock. Finally, Benchmark Co. reaffirmed a “hold” rating and issued a $55.00 price target (up previously from $48.00) on shares of Aspen Technology in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $60.29.
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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