Raymond James Financial Services Advisors Inc. acquired a new position in Aspen Technology, Inc. (NASDAQ:AZPN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,391 shares of the technology company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Wells Fargo & Company MN increased its holdings in Aspen Technology by 0.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,138,319 shares of the technology company’s stock worth $75,356,000 after acquiring an additional 8,475 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in Aspen Technology by 51.3% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 753,868 shares of the technology company’s stock worth $49,906,000 after acquiring an additional 255,635 shares during the last quarter. Brown Advisory Inc. increased its holdings in Aspen Technology by 4.7% in the 3rd quarter. Brown Advisory Inc. now owns 685,325 shares of the technology company’s stock worth $43,045,000 after acquiring an additional 31,030 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Aspen Technology by 8.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 566,293 shares of the technology company’s stock worth $37,489,000 after acquiring an additional 43,243 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in Aspen Technology by 262.4% in the 4th quarter. APG Asset Management N.V. now owns 467,100 shares of the technology company’s stock worth $25,751,000 after acquiring an additional 338,200 shares during the last quarter.

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Several brokerages recently weighed in on AZPN. BidaskClub lowered Aspen Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Bank of America lowered Aspen Technology from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. They noted that the move was a valuation call. KeyCorp lifted their price objective on Aspen Technology from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. ValuEngine raised Aspen Technology from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Berenberg Bank reissued a “buy” rating and issued a $88.00 price objective (up previously from $77.00) on shares of Aspen Technology in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $72.67.

Aspen Technology stock opened at $80.60 on Thursday. Aspen Technology, Inc. has a 12 month low of $53.51 and a 12 month high of $84.40. The company has a market capitalization of $5,820.58, a PE ratio of 36.94, a price-to-earnings-growth ratio of 3.91 and a beta of 1.25.

Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.50 by $0.09. Aspen Technology had a negative return on equity of 61.97% and a net margin of 33.23%. The business had revenue of $124.90 million during the quarter, compared to the consensus estimate of $121.81 million. During the same quarter last year, the company earned $0.52 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. equities analysts forecast that Aspen Technology, Inc. will post 1.97 earnings per share for the current year.

In other Aspen Technology news, insider Karl E. Johnsen sold 8,592 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $72.88, for a total value of $626,184.96. Following the completion of the transaction, the insider now owns 44,772 shares in the company, valued at approximately $3,262,983.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jr. Robert M. Whelan sold 2,172 shares of Aspen Technology stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $72.28, for a total value of $156,992.16. Following the sale, the director now owns 15,159 shares of the company’s stock, valued at approximately $1,095,692.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,308 shares of company stock valued at $3,929,379. 0.80% of the stock is owned by corporate insiders.

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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.

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

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