Segall Bryant & Hamill LLC reduced its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,802 shares of the technology company’s stock after selling 500 shares during the period. Segall Bryant & Hamill LLC’s holdings in Aspen Technology were worth $872,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. TrimTabs Asset Management LLC raised its position in Aspen Technology by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,262 shares of the technology company’s stock valued at $133,000 after buying an additional 1,064 shares in the last quarter. Fortaleza Asset Management Inc. raised its position in Aspen Technology by 4.3% in the fourth quarter. Fortaleza Asset Management Inc. now owns 3,615 shares of the technology company’s stock valued at $198,000 after buying an additional 150 shares in the last quarter. Pitcairn Co. bought a new position in Aspen Technology during the fourth quarter valued at about $202,000. Federated Investors Inc. PA acquired a new position in Aspen Technology during the fourth quarter valued at $203,000. Finally, First Republic Investment Management Inc. acquired a new position in Aspen Technology during the fourth quarter valued at $203,000.

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

Aspen Technology, Inc. (NASDAQ AZPN) traded down 5.03% on Friday, reaching $58.90. The company’s stock had a trading volume of 1,517,994 shares. The company has a market cap of $4.39 billion, a P/E ratio of 32.76 and a beta of 1.02. The stock’s 50 day moving average price is $60.20 and its 200 day moving average price is $57.14. Aspen Technology, Inc. has a 12 month low of $37.39 and a 12 month high of $64.34.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Tuesday, May 2nd. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.09. The business had revenue of $119.28 million during the quarter, compared to the consensus estimate of $117.64 million. Aspen Technology had a net margin of 29.29% and a negative return on equity of 117.73%. Equities research analysts forecast that Aspen Technology, Inc. will post $1.97 earnings per share for the current year.

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Several research analysts have weighed in on AZPN shares. Canaccord Genuity reiterated a “hold” rating and set a $55.00 target price on shares of Aspen Technology in a report on Friday, February 24th. Zacks Investment Research lowered Aspen Technology from a “buy” rating to a “hold” rating in a report on Wednesday, March 29th. Benchmark Co. reiterated a “hold” rating and set a $55.00 target price (up from $48.00) on shares of Aspen Technology in a report on Wednesday, May 3rd. Finally, Robert W. Baird started coverage on Aspen Technology in a report on Wednesday, May 10th. They set a “neutral” rating and a $63.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $60.50.

In other Aspen Technology news, EVP William Griffin sold 2,427 shares of the business’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $58.55, for a total value of $142,100.85. Following the completion of the sale, the executive vice president now directly owns 46,132 shares of the company’s stock, valued at $2,701,028.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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