Mawer Investment Management Ltd. Purchases 7,270 Shares of Aspen Technology, Inc. (AZPN)
Mawer Investment Management Ltd. raised its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 325,758 shares of the technology company’s stock after acquiring an additional 7,270 shares during the period. Mawer Investment Management Ltd. owned about 0.45% of Aspen Technology worth $20,461,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of AZPN. First Manhattan Co. acquired a new position in Aspen Technology in the 3rd quarter valued at approximately $125,000. Paradigm Asset Management Co. LLC acquired a new position in Aspen Technology in the 2nd quarter valued at approximately $138,000. Pacad Investment Ltd. acquired a new position in Aspen Technology in the 2nd quarter valued at approximately $166,000. Advisor Group Inc. raised its holdings in Aspen Technology by 69.9% in the 2nd quarter. Advisor Group Inc. now owns 3,149 shares of the technology company’s stock valued at $173,000 after acquiring an additional 1,296 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Aspen Technology by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,312 shares of the technology company’s stock valued at $183,000 after acquiring an additional 357 shares in the last quarter.
Aspen Technology, Inc. (NASDAQ AZPN) traded up $0.56 during mid-day trading on Wednesday, reaching $68.48. The company had a trading volume of 299,900 shares, compared to its average volume of 506,554. Aspen Technology, Inc. has a 12-month low of $51.32 and a 12-month high of $68.68. The firm has a market cap of $4,926.61, a PE ratio of 31.59 and a beta of 1.23.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.05. Aspen Technology had a negative return on equity of 66.74% and a net margin of 33.35%. The firm had revenue of $122.80 million during the quarter, compared to analysts’ expectations of $121.73 million. During the same period last year, the firm posted $0.49 EPS. The business’s revenue was up 2.2% on a year-over-year basis. equities analysts expect that Aspen Technology, Inc. will post 1.77 earnings per share for the current year.
Several equities analysts have commented on the company. Canaccord Genuity reaffirmed a “hold” rating on shares of Aspen Technology in a report on Friday, August 11th. BidaskClub raised Aspen Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised Aspen Technology from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Wednesday, August 16th. Berenberg Bank began coverage on Aspen Technology in a report on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 target price for the company. Finally, Bank of America Corporation began coverage on Aspen Technology in a report on Monday, November 6th. They issued a “neutral” rating and a $67.00 target price for the company. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $63.00.
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In related news, insider Karl E. Johnsen sold 2,619 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $64.41, for a total transaction of $168,689.79. Following the completion of the sale, the insider now directly owns 40,063 shares of the company’s stock, valued at approximately $2,580,457.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP F G. Hammond sold 1,578 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $65.00, for a total value of $102,570.00. Following the sale, the vice president now directly owns 26,108 shares of the company’s stock, valued at $1,697,020. The disclosure for this sale can be found here. Insiders have sold a total of 14,197 shares of company stock valued at $931,360 over the last ninety days. Insiders own 0.80% of the company’s stock.
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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