Aspen Technology, Inc. (NASDAQ:AZPN – Get Rating) VP F G. Hammond sold 2,495 shares of Aspen Technology stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $223.75, for a total value of $558,256.25. Following the completion of the transaction, the vice president now owns 20,152 shares in the company, valued at approximately $4,509,010. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Aspen Technology Price Performance
Aspen Technology stock opened at $239.49 on Friday. The stock's 50 day moving average is $240.57 and its 200 day moving average is $214.56. Aspen Technology, Inc. has a one year low of $135.48 and a one year high of $263.59. The firm has a market cap of $15.46 billion, a P/E ratio of 79.83, a P/E/G ratio of 2.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.24 and a quick ratio of 4.07.
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Aspen Technology (NASDAQ:AZPN – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The technology company reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.95. Aspen Technology had a net margin of 21.55% and a return on equity of 5.75%. The company had revenue of $250.82 million for the quarter, compared to analyst estimates of $236.76 million. During the same period in the prior year, the firm posted $0.65 EPS. The company's quarterly revenue was up 84.4% on a year-over-year basis. As a group, research analysts expect that Aspen Technology, Inc. will post 5.99 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Robert W. Baird lifted their target price on Aspen Technology to $242.00 in a research report on Thursday, October 27th. Wolfe Research initiated coverage on Aspen Technology in a report on Tuesday, August 16th. They issued a "market perform" rating for the company. StockNews.com initiated coverage on Aspen Technology in a report on Wednesday, October 12th. They set a "hold" rating on the stock. Piper Sandler raised their price objective on shares of Aspen Technology from $189.00 to $240.00 and gave the company a "neutral" rating in a report on Monday, September 19th. Finally, KeyCorp lifted their target price on shares of Aspen Technology from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, October 27th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $243.40.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. grew its stake in Aspen Technology by 9.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 261,367 shares of the technology company's stock worth $62,256,000 after purchasing an additional 22,223 shares during the period. Eagle Bay Advisors LLC grew its position in shares of Aspen Technology by 66.0% during the 3rd quarter. Eagle Bay Advisors LLC now owns 551 shares of the technology company's stock worth $132,000 after buying an additional 219 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Aspen Technology in the 3rd quarter valued at $485,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Aspen Technology during the 3rd quarter valued at $1,019,000. Finally, FourThought Financial LLC boosted its stake in Aspen Technology by 54.5% during the third quarter. FourThought Financial LLC now owns 2,159 shares of the technology company's stock worth $514,000 after acquiring an additional 762 shares in the last quarter. 93.73% of the stock is owned by institutional investors.
Aspen Technology Company Profile
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Aspen Technology together with its subsidiaries develops and supplies integrated software and services that enable the process industries to design, operate, manage, and optimize their business processes. Its software applications utilize proprietary empirical models of chemical manufacturing processes to enhance plant and process design, economic evaluation, production, production planning and scheduling, supply chain optimization, and operational performance.
Further Reading
- Get a free copy of the StockNews.com research report on Aspen Technology (AZPN)
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