Teachers Advisors LLC Has $11.12 Million Stake in Aspen Technology, Inc. (AZPN)
Teachers Advisors LLC lifted its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 201,298 shares of the technology company’s stock after buying an additional 3,785 shares during the quarter. Teachers Advisors LLC owned approximately 0.27% of Aspen Technology worth $11,124,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. ClariVest Asset Management LLC bought a new stake in shares of Aspen Technology during the 1st quarter worth approximately $1,540,000. Jennison Associates LLC boosted its holdings in Aspen Technology by 354.1% during the 2nd quarter. Jennison Associates LLC now owns 31,854 shares of the technology company’s stock valued at $1,760,000 after acquiring an additional 24,839 shares during the period. MARSHALL WACE ASIA Ltd purchased a new position in Aspen Technology during the 1st quarter valued at $314,000. Credit Suisse AG boosted its holdings in Aspen Technology by 37.2% during the 1st quarter. Credit Suisse AG now owns 109,284 shares of the technology company’s stock valued at $6,439,000 after acquiring an additional 29,605 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in Aspen Technology during the 1st quarter valued at $300,000.
Shares of Aspen Technology, Inc. (AZPN) opened at 62.81 on Monday. The company has a 50 day moving average price of $60.80 and a 200-day moving average price of $58.89. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 29.77 and a beta of 1.24. Aspen Technology, Inc. has a one year low of $45.47 and a one year high of $64.87.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Thursday, August 10th. The technology company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.29. The business 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 was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. Equities analysts predict that Aspen Technology, Inc. will post $1.99 earnings per share for the current fiscal year.
In other Aspen Technology news, insider Karl E. Johnsen sold 1,969 shares of the 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 completion of the transaction, the insider now owns 28,530 shares of the company’s stock, valued at $1,687,264.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP F G. Hammond sold 3,388 shares of the 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 transaction, the vice president now directly owns 20,733 shares of the company’s stock, valued at approximately $1,256,419.80. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.
Several brokerages have commented on AZPN. Berenberg Bank began coverage on Aspen Technology in a research report on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 price objective on the stock. Zacks Investment Research lowered Aspen Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Canaccord Genuity reiterated a “hold” rating and set a $60.00 target price on shares of Aspen Technology in a research report on Friday, June 9th. BidaskClub upgraded Aspen Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Finally, Wedbush reiterated a “neutral” rating and set a $59.00 target price on shares of Aspen Technology in a research report on Wednesday, June 28th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Aspen Technology presently has a consensus rating of “Buy” and an average target price of $61.75.
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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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