Aspen Technology, Inc. (AZPN) Shares Sold by Acadian Asset Management LLC

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Acadian Asset Management LLC lessened its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 35.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 206,569 shares of the technology company’s stock after selling 113,768 shares during the quarter. Acadian Asset Management LLC’s holdings in Aspen Technology were worth $21,537,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in AZPN. TIAA CREF Investment Management LLC grew its holdings in shares of Aspen Technology by 56.7% during the third quarter. TIAA CREF Investment Management LLC now owns 395,307 shares of the technology company’s stock worth $45,029,000 after buying an additional 143,073 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Aspen Technology by 5.5% during the third quarter. Vanguard Group Inc now owns 6,996,441 shares of the technology company’s stock worth $796,965,000 after buying an additional 362,193 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Aspen Technology by 13.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,393 shares of the technology company’s stock worth $443,000 after buying an additional 640 shares during the last quarter. Signition LP purchased a new position in shares of Aspen Technology during the fourth quarter worth about $1,561,000. Finally, Exane Derivatives grew its holdings in shares of Aspen Technology by 15.9% during the fourth quarter. Exane Derivatives now owns 29,773 shares of the technology company’s stock worth $2,446,000 after buying an additional 4,081 shares during the last quarter. Institutional investors own 96.65% of the company’s stock.

In other Aspen Technology news, VP F G. Hammond sold 8,406 shares of Aspen Technology stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $121.34, for a total value of $1,019,984.04. Following the sale, the vice president now owns 24,221 shares of the company’s stock, valued at approximately $2,938,976.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl E. Johnsen sold 3,037 shares of Aspen Technology stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $121.38, for a total value of $368,631.06. Following the completion of the sale, the insider now directly owns 26,453 shares in the company, valued at approximately $3,210,865.14. The disclosure for this sale can be found here. Insiders sold a total of 71,597 shares of company stock worth $8,580,241 in the last ninety days. 0.90% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on AZPN shares. BidaskClub raised Aspen Technology from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Benchmark reissued a “buy” rating and set a $110.00 price target on shares of Aspen Technology in a report on Thursday, March 14th. Canaccord Genuity raised their price target on Aspen Technology from $110.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Zacks Investment Research lowered Aspen Technology from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Finally, Wedbush reissued a “neutral” rating and set a $104.00 price target on shares of Aspen Technology in a report on Monday, March 18th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $117.25.

Shares of AZPN opened at $114.77 on Monday. Aspen Technology, Inc. has a twelve month low of $74.84 and a twelve month high of $124.96. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 55.71 and a beta of 1.61.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.10. Aspen Technology had a return on equity of 76.36% and a net margin of 37.25%. The company had revenue of $148.00 million for the quarter, compared to analyst estimates of $136.38 million. During the same quarter in the previous year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, equities research analysts forecast that Aspen Technology, Inc. will post 3.26 earnings per share for the current fiscal year.

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About Aspen Technology

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.

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Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

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