Aspen Technology, Inc. (AZPN) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 11.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,520 shares of the technology company’s stock after buying an additional 906 shares during the period. Pacer Advisors Inc.’s holdings in Aspen Technology were worth $471,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AZPN. BlackRock Inc. lifted its position in shares of Aspen Technology by 46,846.9% in the first quarter. BlackRock Inc. now owns 5,503,112 shares of the technology company’s stock worth $324,242,000 after buying an additional 5,491,390 shares during the last quarter. FMR LLC lifted its position in shares of Aspen Technology by 48.5% in the first quarter. FMR LLC now owns 4,206,339 shares of the technology company’s stock worth $247,837,000 after buying an additional 1,374,200 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Aspen Technology by 21.4% in the first quarter. Renaissance Technologies LLC now owns 1,952,300 shares of the technology company’s stock worth $115,030,000 after buying an additional 343,800 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Aspen Technology by 22.7% in the second quarter. Pictet Asset Management Ltd. now owns 1,609,712 shares of the technology company’s stock worth $98,450,000 after buying an additional 297,400 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its position in shares of Aspen Technology by 4.8% in the first quarter. Neuberger Berman Group LLC now owns 3,501,290 shares of the technology company’s stock worth $206,296,000 after buying an additional 160,253 shares during the last quarter.

Aspen Technology, Inc. (NASDAQ AZPN) opened at 63.76 on Friday. Aspen Technology, Inc. has a one year low of $44.88 and a one year high of $64.67. The firm has a market capitalization of $4.66 billion, a P/E ratio of 30.22 and a beta of 1.26. The stock has a 50 day moving average price of $60.18 and a 200 day moving average price of $58.79.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Thursday, August 10th. The technology company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.29. Aspen Technology had a net margin of 33.58% and a negative return on equity of 73.17%. The business had revenue of $123.68 million during the quarter, compared to analysts’ expectations of $119.55 million. During the same quarter in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts predict that Aspen Technology, Inc. will post $1.99 EPS for the current fiscal year.

In other Aspen Technology news, VP F G. Hammond sold 3,388 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $60.60, for a total transaction of $205,312.80. Following the completion of the sale, the vice president now directly owns 20,733 shares in the company, valued at approximately $1,256,419.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Karl E. Johnsen sold 1,969 shares of Aspen Technology stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $59.14, for a total transaction of $116,446.66. Following the completion of the sale, the insider now owns 28,530 shares of the company’s stock, valued at $1,687,264.20. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

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A number of analysts have weighed in on AZPN shares. BidaskClub cut Aspen Technology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Berenberg Bank began coverage on Aspen Technology in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 price objective on the stock. Zacks Investment Research upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Wednesday, August 16th. Canaccord Genuity reiterated a “hold” rating on shares of Aspen Technology in a research note on Friday, August 11th. Finally, Wedbush reiterated a “neutral” rating and issued a $59.00 price objective on shares of Aspen Technology in a research note on Wednesday, June 28th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $61.75.

Aspen Technology Profile

Aspen Technology, Inc is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries.

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

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