National Asset Management Inc. Sells 106 Shares of Aspen Technology, Inc. (AZPN)
National Asset Management Inc. lessened its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,183 shares of the technology company’s stock after selling 106 shares during the period. National Asset Management Inc.’s holdings in Aspen Technology were worth $287,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of AZPN. Paradigm Asset Management Co. LLC acquired a new position in shares of Aspen Technology during the second quarter worth $138,000. Pacad Investment Ltd. acquired a new position in shares of Aspen Technology during the second quarter worth $166,000. Advisor Group Inc. lifted its holdings in shares of Aspen Technology by 69.9% during the second quarter. Advisor Group Inc. now owns 3,149 shares of the technology company’s stock worth $173,000 after purchasing an additional 1,296 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aspen Technology by 12.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,312 shares of the technology company’s stock worth $183,000 after purchasing an additional 357 shares during the period. Finally, TrimTabs Asset Management LLC lifted its holdings in shares of Aspen Technology by 85.3% during the second quarter. TrimTabs Asset Management LLC now owns 4,192 shares of the technology company’s stock worth $232,000 after purchasing an additional 1,930 shares during the period.
Aspen Technology, Inc. (NASDAQ:AZPN) traded up 0.15% during trading on Monday, reaching $65.64. 23,131 shares of the company traded hands. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 31.11 and a beta of 1.24. The firm’s 50 day moving average price is $63.62 and its 200 day moving average price is $59.61. Aspen Technology, Inc. has a 12-month low of $46.21 and a 12-month high of $65.83.
Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Thursday, August 10th. The technology company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.29. Aspen Technology had a net margin of 33.58% and a negative return on equity of 73.17%. The firm had revenue of $123.68 million during the quarter, compared to analysts’ expectations of $119.55 million. During the same period last year, the company posted $0.44 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts expect that Aspen Technology, Inc. will post $1.99 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. Canaccord Genuity reiterated a “hold” rating on shares of Aspen Technology in a report on Friday, August 11th. Robert W. Baird set a $63.00 price target on shares of Aspen Technology and gave the stock a “hold” rating in a report on Friday, October 6th. Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Wednesday, August 16th. BidaskClub upgraded shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Finally, Berenberg Bank assumed coverage on shares of Aspen Technology in a report on Wednesday, August 23rd. They set a “buy” rating and a $70.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $61.50.
In other news, insider Karl E. Johnsen sold 1,969 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $59.14, for a total value of $116,446.66. Following the completion of the sale, the insider now directly owns 28,530 shares of the company’s stock, valued at approximately $1,687,264.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP F G. Hammond sold 3,388 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $60.60, for a total transaction of $205,312.80. Following the completion of the sale, the vice president now directly owns 20,733 shares of the company’s stock, valued at $1,256,419.80. The disclosure for this sale can be found here. Company insiders own 0.60% 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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