Natixis Advisors L.P. lowered its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 10.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,788 shares of the technology company’s stock after selling 1,512 shares during the quarter. Natixis Advisors L.P.’s holdings in Aspen Technology were worth $1,589,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in AZPN. William Blair Investment Management LLC boosted its position in Aspen Technology by 32.3% during the first quarter. William Blair Investment Management LLC now owns 1,582,680 shares of the technology company’s stock worth $165,010,000 after purchasing an additional 386,376 shares during the period. Riverbridge Partners LLC bought a new stake in shares of Aspen Technology in the second quarter valued at approximately $22,156,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Aspen Technology in the second quarter valued at approximately $12,722,000. First Trust Advisors LP boosted its position in shares of Aspen Technology by 1,861.3% in the second quarter. First Trust Advisors LP now owns 86,515 shares of the technology company’s stock valued at $10,752,000 after acquiring an additional 82,104 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Aspen Technology by 52.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 225,302 shares of the technology company’s stock valued at $27,417,000 after acquiring an additional 77,483 shares during the period. 96.45% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Karl E. Johnsen sold 2,972 shares of Aspen Technology stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $136.80, for a total value of $406,569.60. Following the sale, the chief financial officer now owns 22,150 shares of the company’s stock, valued at approximately $3,030,120. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.
A number of brokerages recently commented on AZPN. Canaccord Genuity upped their target price on Aspen Technology from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. BidaskClub lowered Aspen Technology from a “hold” rating to a “sell” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. decreased their price target on Aspen Technology from $131.00 to $123.00 and set an “underweight” rating on the stock in a report on Wednesday, September 11th. Benchmark restated a “buy” rating and set a $152.00 target price (up previously from $133.00) on shares of Aspen Technology in a report on Monday, August 12th. Finally, Wedbush reaffirmed an “outperform” rating and set a $155.00 price target (up previously from $146.00) on shares of Aspen Technology in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $134.57.
Shares of NASDAQ AZPN traded up $0.67 during mid-day trading on Tuesday, reaching $125.87. 38,783 shares of the company’s stock were exchanged, compared to its average volume of 335,380. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 33.39 and a beta of 1.59. The business has a fifty day simple moving average of $132.14 and a 200 day simple moving average of $119.95. Aspen Technology, Inc. has a twelve month low of $74.84 and a twelve month high of $142.15.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.50. The company had revenue of $195.77 million for the quarter, compared to analyst estimates of $162.71 million. Aspen Technology had a return on equity of 62.06% and a net margin of 43.91%. Aspen Technology’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. As a group, research analysts predict that Aspen Technology, Inc. will post 3.08 EPS for the current year.
Aspen Technology 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.
Read More: Beige Book
Receive News & Ratings for Aspen Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Technology and related companies with MarketBeat.com's FREE daily email newsletter.