QS Investors LLC Purchases 288 Shares of Aspen Technology, Inc. (AZPN)
QS Investors LLC raised its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 0.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 81,019 shares of the technology company’s stock after buying an additional 288 shares during the quarter. QS Investors LLC owned about 0.11% of Aspen Technology worth $4,477,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Jennison Associates LLC raised its stake in shares of Aspen Technology by 354.1% during the 2nd quarter. Jennison Associates LLC now owns 31,854 shares of the technology company’s stock worth $1,760,000 after buying an additional 24,839 shares in the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of Aspen Technology in the first quarter valued at approximately $1,540,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Aspen Technology in the first quarter valued at approximately $314,000. Credit Suisse AG boosted its stake in shares of Aspen Technology by 37.2% in the first quarter. Credit Suisse AG now owns 109,284 shares of the technology company’s stock valued at $6,439,000 after buying an additional 29,605 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Aspen Technology in the first quarter valued at approximately $300,000.
Shares of Aspen Technology, Inc. (NASDAQ:AZPN) opened at 63.68 on Tuesday. The firm has a market cap of $4.65 billion, a PE ratio of 30.18 and a beta of 1.24. Aspen Technology, Inc. has a 12-month low of $45.47 and a 12-month high of $64.87. The company has a 50 day moving average price of $62.24 and a 200-day moving average price of $59.19.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Thursday, August 10th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.29. The company had revenue of $123.68 million during the quarter, compared to analysts’ expectations of $119.55 million. Aspen Technology had a negative return on equity of 73.17% and a net margin of 33.58%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. Analysts expect that Aspen Technology, Inc. will post $1.99 EPS for the current year.
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A number of research analysts recently weighed in on AZPN shares. BidaskClub raised Aspen Technology from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Wedbush reissued a “neutral” rating and issued a $59.00 target price on shares of Aspen Technology in a report on Wednesday, June 28th. Canaccord Genuity reissued a “hold” rating on shares of Aspen Technology in a report on Friday, August 11th. Finally, Berenberg Bank began coverage on shares of Aspen Technology in a research report on Wednesday, August 23rd. They set a “buy” rating and a $70.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Aspen Technology has an average rating of “Buy” and a consensus target price of $61.75.
In related news, VP F G. Hammond sold 3,388 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $60.60, for a total value of $205,312.80. Following the completion of the transaction, the vice president now owns 20,733 shares in the company, valued at approximately $1,256,419.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $116,446.66. Following the transaction, the insider now directly owns 28,530 shares in the company, valued at approximately $1,687,264.20. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.
Aspen Technology 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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