GSA Capital Partners LLP raised its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 53.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,564 shares of the technology company’s stock after purchasing an additional 6,107 shares during the quarter. GSA Capital Partners LLP’s holdings in Aspen Technology were worth $971,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in Aspen Technology by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 7,635,099 shares of the technology company’s stock valued at $449,861,000 after purchasing an additional 120,504 shares in the last quarter. BlackRock Inc. increased its stake in Aspen Technology by 46,846.9% during the 1st quarter. BlackRock Inc. now owns 5,503,112 shares of the technology company’s stock valued at $324,242,000 after purchasing an additional 5,491,390 shares in the last quarter. FMR LLC increased its stake in Aspen Technology by 48.5% during the 1st quarter. FMR LLC now owns 4,206,339 shares of the technology company’s stock valued at $247,837,000 after purchasing an additional 1,374,200 shares in the last quarter. Clearbridge Investments LLC increased its stake in Aspen Technology by 3.2% during the 1st quarter. Clearbridge Investments LLC now owns 2,573,161 shares of the technology company’s stock valued at $151,611,000 after purchasing an additional 79,189 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Aspen Technology by 21.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,952,300 shares of the technology company’s stock valued at $115,030,000 after purchasing an additional 343,800 shares in the last quarter.

A number of analysts have commented on AZPN shares. Canaccord Genuity restated a “hold” rating and set a $60.00 price target on shares of Aspen Technology in a research note on Friday, June 9th. Zacks Investment Research lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Wedbush restated a “neutral” rating and set a $59.00 price target on shares of Aspen Technology in a research note on Wednesday, June 28th. BidaskClub lowered shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Berenberg Bank started coverage on shares of Aspen Technology in a research note on Wednesday, August 23rd. They set a “buy” rating and a $70.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $61.75.

In other news, insider Karl E. Johnsen sold 1,969 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $59.14, for a total transaction of $116,446.66. Following the completion of the transaction, the insider now directly owns 28,530 shares in the company, valued at $1,687,264.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP F G. Hammond sold 3,388 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $60.60, for a total value of $205,312.80. Following the transaction, the vice president now owns 20,733 shares of the company’s stock, valued at $1,256,419.80. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Aspen Technology, Inc. (NASDAQ:AZPN) opened at 62.81 on Friday. The firm’s 50-day moving average is $60.80 and its 200-day moving average is $58.89. Aspen Technology, Inc. has a 12-month low of $45.47 and a 12-month high of $64.87. The stock has a market capitalization of $4.59 billion, a P/E ratio of 29.77 and a beta of 1.26.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings results on Thursday, August 10th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.29. Aspen Technology had a negative return on equity of 73.17% and a net margin of 33.58%. The firm had revenue of $123.68 million during the quarter, compared to the consensus estimate of $119.55 million. During the same period last year, the company earned $0.44 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Analysts predict that Aspen Technology, Inc. will post $1.99 EPS for the current fiscal year.

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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.

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

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