Lisanti Capital Growth LLC acquired a new position in Aspen Technology, Inc. (NASDAQ:AZPN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,550 shares of the technology company’s stock, valued at approximately $938,000.
Several other hedge funds have also bought and sold shares of the company. Wedge Capital Management L L P NC acquired a new stake in shares of Aspen Technology in the 1st quarter valued at about $44,882,000. William Blair Investment Management LLC grew its stake in shares of Aspen Technology by 32.3% in the 1st quarter. William Blair Investment Management LLC now owns 1,582,680 shares of the technology company’s stock valued at $165,010,000 after buying an additional 386,376 shares during the period. Riverbridge Partners LLC acquired a new stake in shares of Aspen Technology in the 2nd quarter valued at about $22,156,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Aspen Technology in the 2nd quarter valued at about $12,722,000. Finally, First Trust Advisors LP grew its stake in shares of Aspen Technology by 1,861.3% in the 2nd quarter. First Trust Advisors LP now owns 86,515 shares of the technology company’s stock valued at $10,752,000 after buying an additional 82,104 shares during the period. 95.44% of the stock is owned by hedge funds and other institutional investors.
In other Aspen Technology news, CFO Karl E. Johnsen sold 2,972 shares of Aspen Technology stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $136.80, for a total transaction of $406,569.60. Following the completion of the transaction, the chief financial officer now owns 22,150 shares in the company, valued at approximately $3,030,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by insiders.
AZPN stock traded up $1.74 during mid-day trading on Tuesday, reaching $136.17. 4,181 shares of the company traded hands, compared to its average volume of 453,967. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 22.52 and a beta of 1.54. Aspen Technology, Inc. has a fifty-two week low of $74.84 and a fifty-two week high of $142.15. The firm’s 50 day moving average price is $132.81 and its 200 day moving average price is $115.66.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.50. The business had revenue of $195.77 million during the quarter, compared to the consensus estimate of $162.71 million. Aspen Technology had a return on equity of 60.30% and a net margin of 43.91%. The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. On average, equities analysts predict that Aspen Technology, Inc. will post 3.08 EPS for the current fiscal year.
AZPN has been the subject of several research reports. KeyCorp raised their target price on Aspen Technology from $124.00 to $141.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Zacks Investment Research downgraded Aspen Technology from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. JPMorgan Chase & Co. lifted their price target on Aspen Technology from $114.00 to $131.00 and gave the company an “underweight” rating in a research note on Thursday, August 8th. Bank of America reiterated a “neutral” rating and set a $136.00 price target (up previously from $130.00) on shares of Aspen Technology in a research note on Thursday, August 8th. Finally, ValuEngine downgraded Aspen Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Aspen Technology has a consensus rating of “Buy” and an average price target of $129.88.
Aspen Technology Company Profile
Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.
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