Dimensional Fund Advisors LP boosted its stake in shares of Aspen Technology Inc. (NASDAQ:AZPN) by 26.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,323,624 shares of the company’s stock after buying an additional 273,588 shares during the period. Dimensional Fund Advisors LP owned about 1.62% of Aspen Technology worth $53,260,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in AZPN. Pacific Global Investment Management CO raised its position in Aspen Technology by 3.8% in the first quarter. Pacific Global Investment Management CO now owns 14,255 shares of the company’s stock valued at $515,000 after buying an additional 520 shares in the last quarter. Brookfield Asset Management Inc. raised its position in Aspen Technology by 4.8% in the first quarter. Brookfield Asset Management Inc. now owns 13,220 shares of the company’s stock valued at $478,000 after buying an additional 600 shares in the last quarter. Howland Capital Management LLC raised its position in Aspen Technology by 0.3% in the second quarter. Howland Capital Management LLC now owns 209,050 shares of the company’s stock valued at $8,412,000 after buying an additional 706 shares in the last quarter. I.G. Investment Management LTD. raised its position in Aspen Technology by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 39,419 shares of the company’s stock valued at $1,586,000 after buying an additional 721 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Aspen Technology by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,525 shares of the company’s stock valued at $102,000 after buying an additional 1,101 shares in the last quarter.
Aspen Technology Inc. (NASDAQ:AZPN) traded up 0.40% during trading on Friday, reaching $47.43. The company had a trading volume of 69,241 shares. The stock has a 50 day moving average of $45.95 and a 200-day moving average of $40.74. The company has a market capitalization of $3.78 billion, a P/E ratio of 28.23 and a beta of 1.06. Aspen Technology Inc. has a 12 month low of $29.25 and a 12 month high of $47.51.
Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Thursday, August 11th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. Aspen Technology had a negative return on equity of 297.67% and a net margin of 29.63%. The company had revenue of $113.70 million for the quarter, compared to analyst estimates of $112.88 million. During the same period in the prior year, the firm posted $0.39 EPS. The business’s revenue was down .4% compared to the same quarter last year. Equities research analysts expect that Aspen Technology Inc. will post $1.80 EPS for the current fiscal year.
Several research firms have recently weighed in on AZPN. Zacks Investment Research raised Aspen Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Avondale Partners lowered Aspen Technology from a “market perform” rating to an “underperform” rating and lifted their price objective for the company from $39.00 to $42.00 in a research note on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $40.71.
In other Aspen Technology news, VP F G. Hammond sold 18,542 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $45.91, for a total value of $851,263.22. Following the transaction, the vice president now directly owns 48,885 shares of the company’s stock, valued at approximately $2,244,310.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Antonio J. Pietri sold 4,500 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $45.03, for a total value of $202,635.00. Following the completion of the transaction, the chief executive officer now directly owns 152,750 shares in the company, valued at $6,878,332.50. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.
Aspen Technology Company Profile
Aspen Technology, Inc provides process optimization software solutions designed to manage and optimize plant and process design, operational performance and supply chain planning. The Company operates through two segments: subscription and software, and services. Its subscription and software segment is engaged in the licensing of process optimization software solutions and associated support services.
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