Mawer Investment Management Ltd. Trims Stock Position in Aspen Technology, Inc. (NASDAQ:AZPN)


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Mawer Investment Management Ltd. cut its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 429,556 shares of the technology company’s stock after selling 354 shares during the period. Mawer Investment Management Ltd.’s holdings in Aspen Technology were worth $55,950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. increased its position in Aspen Technology by 2.4% during the 4th quarter. BlackRock Inc. now owns 3,681,516 shares of the technology company’s stock worth $479,519,000 after purchasing an additional 87,511 shares during the period. Wells Fargo & Company MN increased its position in Aspen Technology by 0.5% during the 3rd quarter. Wells Fargo & Company MN now owns 967,986 shares of the technology company’s stock worth $122,537,000 after purchasing an additional 4,659 shares during the period. Van ECK Associates Corp increased its position in Aspen Technology by 84.9% during 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 period. Epoch Investment Partners Inc. increased its position in Aspen Technology by 27.0% during the 3rd quarter. Epoch Investment Partners Inc. now owns 706,653 shares of the technology company’s stock worth $89,456,000 after purchasing an additional 150,367 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Aspen Technology by 7.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 636,614 shares of the technology company’s stock worth $82,920,000 after purchasing an additional 45,118 shares during the period. Institutional investors own 96.73% of the company’s stock.

In other Aspen Technology news, EVP John Hague sold 3,488 shares of the stock in a transaction on Thursday, February 4th. The stock was sold at an average price of $144.21, for a total transaction of $503,004.48. Following the transaction, the executive vice president now owns 20,636 shares of the company’s stock, valued at approximately $2,975,917.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Karl E. Johnsen sold 1,290 shares of the stock in a transaction on Monday, January 25th. The stock was sold at an average price of $141.88, for a total value of $183,025.20. Following the transaction, the chief financial officer now directly owns 23,713 shares in the company, valued at approximately $3,364,400.44. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Several equities analysts have issued reports on AZPN shares. Benchmark boosted their target price on Aspen Technology from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 15th. KeyCorp upped their price target on Aspen Technology from $158.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, February 16th. Finally, Robert W. Baird upgraded Aspen Technology from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $135.00 to $165.00 in a report on Wednesday, February 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $139.88.

AZPN stock traded up $0.58 on Tuesday, reaching $153.72. The company had a trading volume of 3,576 shares, compared to its average volume of 447,773. Aspen Technology, Inc. has a 1 year low of $73.07 and a 1 year 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 company’s fifty day moving average is $145.55 and its 200 day moving average is $130.95. The company has a market cap of $10.43 billion, a P/E ratio of 46.41, a PEG ratio of 1.94 and a beta of 1.38.

Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Tuesday, January 26th. The technology company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $174.76 million. During the same quarter in the prior year, the company earned $0.68 EPS. Aspen Technology’s revenue was up 77.5% on a year-over-year basis. On average, sell-side analysts predict that Aspen Technology, Inc. will post 4.7 earnings per share for the current year.

Aspen Technology Profile

Aspen Technology, Inc, together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments.

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

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