Aspen Technology, Inc. (NASDAQ:AZPN) EVP Sells $84,538.80 in Stock


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Aspen Technology, Inc. (NASDAQ:AZPN) EVP John Hague sold 552 shares of Aspen Technology stock in a transaction dated Tuesday, April 13th. The shares were sold at an average price of $153.15, for a total transaction of $84,538.80. Following the transaction, the executive vice president now owns 19,727 shares of the company’s stock, valued at $3,021,190.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

John Hague also recently made the following trade(s):

  • On Thursday, February 4th, John Hague sold 3,488 shares of Aspen Technology stock. The shares were sold at an average price of $144.21, for a total transaction of $503,004.48.

Shares of AZPN stock opened at $152.68 on Friday. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 46.27, a P/E/G ratio of 1.94 and a beta of 1.38. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.89 and a current ratio of 2.89. Aspen Technology, Inc. has a 52 week low of $91.15 and a 52 week high of $162.56. The firm’s 50-day simple moving average is $149.74 and its two-hundred day simple moving average is $138.30.

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 consensus estimate of $1.24 by $0.80. The business had revenue of $223.72 million for the quarter, compared to analyst estimates of $174.76 million. Aspen Technology had a net margin of 37.15% and a return on equity of 49.40%. The company’s revenue for the quarter was up 77.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Analysts forecast that Aspen Technology, Inc. will post 4.7 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NEXT Financial Group Inc raised its position in shares of Aspen Technology by 11.7% in the first quarter. NEXT Financial Group Inc now owns 8,152 shares of the technology company’s stock valued at $1,177,000 after purchasing an additional 853 shares during the period. FDx Advisors Inc. grew its stake in Aspen Technology by 40.1% during the first quarter. FDx Advisors Inc. now owns 10,364 shares of the technology company’s stock valued at $1,496,000 after acquiring an additional 2,967 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Aspen Technology by 46.5% during the first quarter. State of Alaska Department of Revenue now owns 10,287 shares of the technology company’s stock valued at $1,484,000 after acquiring an additional 3,263 shares in the last quarter. Woodstock Corp purchased a new position in Aspen Technology during the first quarter valued at approximately $212,000. Finally, Koshinski Asset Management Inc. purchased a new position in Aspen Technology in the 4th quarter worth approximately $306,000. 96.73% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on AZPN. Robert W. Baird raised shares of Aspen Technology from a “neutral” rating to an “outperform” rating and raised their price target for the company from $135.00 to $165.00 in a research report on Wednesday, February 3rd. KeyCorp raised their price target on shares of Aspen Technology from $158.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, February 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Aspen Technology presently has an average 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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Insider Buying and Selling by Quarter for Aspen Technology (NASDAQ:AZPN)

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