Bessemer Group Inc. maintained its stake in Aspen Technology, Inc. (NASDAQ:AZPN) during the fourth quarter, Holdings Channel reports. The firm owned 50,400 shares of the company’s stock at the end of the fourth quarter. Bessemer Group Inc.’s holdings in Aspen Technology were worth $2,756,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in AZPN. Meeder Asset Management Inc. purchased a new position in Aspen Technology during the third quarter valued at $106,000. Diker Management LLC purchased a new position in Aspen Technology during the second quarter valued at $201,000. Pitcairn Co. purchased a new position in Aspen Technology during the fourth quarter valued at $202,000. HL Financial Services LLC purchased a new position in Aspen Technology during the third quarter valued at $206,000. Finally, Toronto Dominion Bank increased its position in Aspen Technology by 34.1% in the third quarter. Toronto Dominion Bank now owns 4,465 shares of the company’s stock valued at $209,000 after buying an additional 1,136 shares during the period.
Aspen Technology, Inc. (NASDAQ:AZPN) traded up 0.36% during mid-day trading on Monday, reaching $56.17. 505,944 shares of the company’s stock traded hands. The stock has a market cap of $4.27 billion, a P/E ratio of 32.52 and a beta of 1.02. The firm has a 50-day moving average price of $54.94 and a 200-day moving average price of $49.48. Aspen Technology, Inc. has a 1-year low of $29.77 and a 1-year high of $56.64.
Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Thursday, January 26th. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.06. Aspen Technology had a negative return on equity of 117.73% and a net margin of 29.29%. The company earned $119.90 million during the quarter, compared to the consensus estimate of $118.33 million. During the same quarter last year, the firm earned $0.47 earnings per share. The company’s revenue was up .6% on a year-over-year basis. Equities research analysts anticipate that Aspen Technology, Inc. will post $1.87 EPS for the current fiscal year.
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A number of brokerages recently commented on AZPN. Pacific Crest boosted their price objective on shares of Aspen Technology from $55.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 22nd. Zacks Investment Research downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, December 28th. Canaccord Genuity reaffirmed a “hold” rating and set a $46.00 price objective on shares of Aspen Technology in a research report on Friday, October 28th. Finally, Avondale Partners raised shares of Aspen Technology from an “underperform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research report on Friday, January 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $48.29.
In other news, VP F G. Hammond sold 6,912 shares of Aspen Technology stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $53.00, for a total transaction of $366,336.00. Following the completion of the sale, the vice president now owns 27,056 shares of the company’s stock, valued at $1,433,968. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jr. Robert M. Whelan sold 700 shares of Aspen Technology stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $54.21, for a total value of $37,947.00. Following the sale, the director now directly owns 10,017 shares of the company’s stock, valued at approximately $543,021.57. The disclosure for this sale can be found here. Insiders have sold 31,958 shares of company stock valued at $1,718,258 in the last three months. Insiders own 0.60% of the company’s stock.
Aspen Technology Company 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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