Aspen Technology, Inc. (NASDAQ:AZPN) Stock Position Decreased by Schroder Investment Management Group


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Schroder Investment Management Group decreased its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 20.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,715 shares of the technology company’s stock after selling 12,310 shares during the quarter. Schroder Investment Management Group owned about 0.07% of Aspen Technology worth $6,215,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in AZPN. Bessemer Group Inc. raised its holdings in Aspen Technology by 17,582.8% during the fourth quarter. Bessemer Group Inc. now owns 512,271 shares of the technology company’s stock valued at $66,723,000 after buying an additional 509,374 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Aspen Technology by 84.9% in the 3rd quarter. Van ECK Associates Corp now owns 804,228 shares of the technology company’s stock worth $101,807,000 after purchasing an additional 369,198 shares during the last quarter. Nordea Investment Management AB boosted its position in Aspen Technology by 26.9% during the fourth quarter. Nordea Investment Management AB now owns 1,027,746 shares of the technology company’s stock worth $133,864,000 after purchasing an additional 217,821 shares during the period. Ardevora Asset Management LLP grew its holdings in Aspen Technology by 78.8% during the fourth quarter. Ardevora Asset Management LLP now owns 470,077 shares of the technology company’s stock valued at $61,228,000 after purchasing an additional 207,200 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of Aspen Technology by 200.6% in the fourth quarter. Lord Abbett & CO. LLC now owns 210,432 shares of the technology company’s stock valued at $27,409,000 after purchasing an additional 140,432 shares during the period. Hedge funds and other institutional investors own 96.73% of the company’s stock.

In other Aspen Technology news, CFO Karl E. Johnsen sold 1,290 shares of Aspen Technology stock in a transaction on Monday, January 25th. The shares were sold at an average price of $141.88, for a total transaction of $183,025.20. Following the completion of the sale, the chief financial officer now owns 23,713 shares of the company’s stock, valued at approximately $3,364,400.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Hague sold 3,488 shares of the company’s stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $144.21, for a total transaction of $503,004.48. Following the sale, the executive vice president now owns 20,636 shares of the company’s stock, valued at approximately $2,975,917.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,330 shares of company stock valued at $770,568. 1.10% of the stock is currently owned by insiders.

NASDAQ AZPN opened at $151.50 on Friday. The stock has a market capitalization of $10.28 billion, a P/E ratio of 45.91, a price-to-earnings-growth ratio of 1.94 and a beta of 1.38. Aspen Technology, Inc. has a 52 week low of $91.15 and a 52 week high of $162.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.89 and a current ratio of 2.89. The stock has a fifty day moving average of $149.79 and a 200-day moving average of $138.18.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Tuesday, January 26th. The technology company reported $2.04 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.80. Aspen Technology had a return on equity of 49.40% and a net margin of 37.15%. The firm had revenue of $223.72 million during the quarter, compared to analyst estimates of $174.76 million. During the same period last year, the company earned $0.68 earnings per share. The company’s revenue was up 77.5% on a year-over-year basis. Equities research analysts forecast that Aspen Technology, Inc. will post 4.7 earnings per share for the current fiscal year.

AZPN has been the topic of several recent analyst reports. Robert W. Baird upgraded shares of Aspen Technology from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $135.00 to $165.00 in a report on Wednesday, February 3rd. KeyCorp raised their price target on shares of Aspen Technology from $158.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $143.86.

Aspen Technology Company Profile

Aspen Technology, Inc engages in the provision of asset optimization solutions. It develops its applications to design, and optimize processes across the engineering, manufacturing, supply chain, and asset performance management areas. The firm operates through the Subscription and Software, and Services and Other segments.

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

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