Aspen Technology, Inc. (NASDAQ:AZPN – Get Rating) Director Jr. Robert M. Whelan sold 4,010 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $159.07, for a total transaction of $637,870.70. Following the completion of the sale, the director now owns 12,865 shares of the company’s stock, valued at approximately $2,046,435.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of NASDAQ AZPN opened at $165.75 on Friday. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.33. Aspen Technology, Inc. has a 52 week low of $122.29 and a 52 week high of $170.16. The firm has a 50-day moving average price of $156.97 and a 200 day moving average price of $151.77. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 3.96 and a beta of 1.26.
Aspen Technology (NASDAQ:AZPN – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The technology company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. Aspen Technology had a net margin of 39.22% and a return on equity of 40.86%. The firm had revenue of $187.75 million during the quarter, compared to analysts’ expectations of $190.61 million. During the same quarter last year, the business earned $0.94 earnings per share. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities research analysts expect that Aspen Technology, Inc. will post 5.04 EPS for the current fiscal year.
Several research firms have recently commented on AZPN. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and raised their target price for the stock from $160.00 to $175.00 in a research note on Thursday, March 17th. StockNews.com upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Monday, May 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $168.57.
A number of large investors have recently bought and sold shares of AZPN. Morgan Stanley increased its holdings in Aspen Technology by 333.3% during the 2nd quarter. Morgan Stanley now owns 153,954 shares of the technology company’s stock valued at $21,174,000 after acquiring an additional 118,426 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in Aspen Technology by 2.8% during the 3rd quarter. Advisor Group Holdings Inc. now owns 23,690 shares of the technology company’s stock valued at $2,911,000 after acquiring an additional 638 shares in the last quarter. Truist Financial Corp increased its holdings in Aspen Technology by 3.5% during the 3rd quarter. Truist Financial Corp now owns 35,475 shares of the technology company’s stock valued at $4,356,000 after acquiring an additional 1,193 shares in the last quarter. JustInvest LLC purchased a new position in Aspen Technology during the 3rd quarter valued at about $351,000. Finally, Barclays PLC grew its holdings in shares of Aspen Technology by 17.6% during the third quarter. Barclays PLC now owns 130,182 shares of the technology company’s stock worth $15,986,000 after buying an additional 19,498 shares in the last quarter. Hedge funds and other institutional investors own 96.49% of the company’s stock.
Aspen Technology Company Profile (GetRated)
Aspen Technology, Inc, together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments.
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