Wilkins Investment Counsel Inc. continued to hold its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,850 shares of the technology company’s stock at the end of the second quarter. Wilkins Investment Counsel Inc. owned approximately 0.07% of Aspen Technology worth $2,755,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in AZPN. ClariVest Asset Management LLC purchased a new stake in shares of Aspen Technology in the first quarter worth approximately $1,540,000. Jennison Associates LLC raised its position in Aspen Technology by 354.1% during the second quarter. Jennison Associates LLC now owns 31,854 shares of the technology company’s stock valued at $1,760,000 after acquiring an additional 24,839 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new position in Aspen Technology during the first quarter valued at approximately $314,000. Credit Suisse AG raised its position in Aspen Technology by 37.2% during the first quarter. Credit Suisse AG now owns 109,284 shares of the technology company’s stock valued at $6,439,000 after acquiring an additional 29,605 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new position in Aspen Technology during the first quarter valued at approximately $300,000.
AZPN has been the topic of a number of recent analyst reports. BidaskClub raised shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Wedbush reissued a “neutral” rating and issued a $59.00 price target on shares of Aspen Technology in a research report on Wednesday, June 28th. Canaccord Genuity restated a “hold” rating on shares of Aspen Technology in a research note on Friday, August 11th. Finally, Berenberg Bank assumed coverage on shares of Aspen Technology in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $61.75.
Shares of Aspen Technology, Inc. (NASDAQ AZPN) opened at 63.94 on Friday. The firm has a market cap of $4.67 billion, a P/E ratio of 30.30 and a beta of 1.26. The stock has a 50 day moving average of $60.80 and a 200 day moving average of $58.89. Aspen Technology, Inc. has a 52 week low of $45.47 and a 52 week high of $64.87.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Thursday, August 10th. The technology company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.29. The business had revenue of $123.68 million during the quarter, compared to analyst estimates of $119.55 million. Aspen Technology had a negative return on equity of 73.17% and a net margin of 33.58%. Aspen Technology’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. Analysts anticipate that Aspen Technology, Inc. will post $1.99 earnings per share for the current fiscal year.
In other news, insider Karl E. Johnsen sold 1,969 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $59.14, for a total value of $116,446.66. Following the completion of the transaction, the insider now owns 28,530 shares of the company’s stock, valued at approximately $1,687,264.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP F G. Hammond sold 3,388 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $60.60, for a total value of $205,312.80. Following the completion of the transaction, the vice president now directly owns 20,733 shares of the company’s stock, valued at approximately $1,256,419.80. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
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.
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