CVA Family Office LLC lessened its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN – Get Rating) by 58.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142 shares of the technology company's stock after selling 198 shares during the period. CVA Family Office LLC's holdings in Aspen Technology were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in AZPN. BlackRock Inc. boosted its stake in Aspen Technology by 6.5% in the first quarter. BlackRock Inc. now owns 6,645,133 shares of the technology company's stock valued at $1,098,905,000 after buying an additional 407,220 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Aspen Technology by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,336,062 shares of the technology company's stock valued at $1,047,795,000 after purchasing an additional 51,393 shares during the last quarter. Standard Investments LLC increased its position in Aspen Technology by 22.2% during the 4th quarter. Standard Investments LLC now owns 2,439,000 shares of the technology company's stock worth $371,216,000 after purchasing an additional 443,000 shares in the last quarter. State Street Corp lifted its stake in Aspen Technology by 2.1% in the 1st quarter. State Street Corp now owns 1,812,165 shares of the technology company's stock valued at $299,678,000 after purchasing an additional 36,999 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Aspen Technology by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 887,099 shares of the technology company's stock valued at $135,183,000 after buying an additional 7,436 shares in the last quarter. Institutional investors and hedge funds own 93.73% of the company's stock.
Get Aspen Technology alerts:Aspen Technology Trading Down 2.1 %
NASDAQ AZPN opened at $226.24 on Wednesday. The firm has a market capitalization of $14.67 billion, a PE ratio of 60.33, a price-to-earnings-growth ratio of 2.02 and a beta of 1.19. The business's 50-day moving average price is $207.29 and its two-hundred day moving average price is $184.71. The company has a current ratio of 3.47, a quick ratio of 4.07 and a debt-to-equity ratio of 0.02. Aspen Technology, Inc. has a 12 month low of $122.29 and a 12 month high of $232.29.
Aspen Technology (NASDAQ:AZPN – Get Rating) last posted its quarterly earnings data on Monday, August 8th. The technology company reported $2.43 EPS for the quarter, topping analysts' consensus estimates of $2.07 by $0.36. The company had revenue of $238.90 million for the quarter, compared to analyst estimates of $293.17 million. Aspen Technology had a return on equity of 8.23% and a net margin of 31.82%. The firm's quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 earnings per share. On average, analysts expect that Aspen Technology, Inc. will post 6.16 EPS for the current year.Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. KeyCorp upped their price target on shares of Aspen Technology from $175.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, July 8th. Robert W. Baird upped their target price on Aspen Technology to $182.00 in a report on Monday, August 15th. Bank of America lifted their price target on Aspen Technology from $176.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, June 6th. StockNews.com raised Aspen Technology from a "sell" rating to a "hold" rating in a research note on Tuesday, July 12th. Finally, Loop Capital raised their price objective on shares of Aspen Technology from $175.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, June 15th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $217.40.
Insider Transactions at Aspen Technology
In other news, VP F G. Hammond sold 4,262 shares of the stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $211.57, for a total transaction of $901,711.34. Following the completion of the sale, the vice president now directly owns 20,606 shares in the company, valued at $4,359,611.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company's stock.
Aspen Technology Profile
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Aspen Technology, Inc provides enterprise asset performance management, asset performance monitoring, and asset optimization solutions worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. It offers artificial intelligence of things, aspen hybrid models, asset performance management, OSI digital grid management, and performance engineering; production optimization for commodity polymers, olefins, refining, and specialty chemicals; subsurface science and engineering; and value chain optimization for energy and polymers and specialty chemicals solutions.
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