Renaissance Group LLC Lowers Stake in Aspen Technology, Inc. (AZPN)

Renaissance Group LLC lowered its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,796 shares of the company’s stock after selling 854 shares during the period. Renaissance Group LLC’s holdings in Aspen Technology were worth $372,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AZPN. Bank of Montreal Can bought a new stake in Aspen Technology during the second quarter valued at approximately $2,168,000. Nordea Investment Management AB increased its stake in Aspen Technology by 268.8% in the second quarter. Nordea Investment Management AB now owns 15,872 shares of the company’s stock valued at $639,000 after buying an additional 11,568 shares during the last quarter. Bbva Compass Bancshares Inc. bought a new stake in Aspen Technology during the second quarter valued at approximately $270,000. Howard Hughes Medical Institute increased its stake in Aspen Technology by 7.2% in the second quarter. Howard Hughes Medical Institute now owns 61,271 shares of the company’s stock valued at $2,466,000 after buying an additional 4,119 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Aspen Technology by 26.9% in the second quarter. Neuberger Berman Group LLC now owns 2,581,804 shares of the company’s stock valued at $103,892,000 after buying an additional 547,691 shares during the last quarter.

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

Aspen Technology, Inc. (NASDAQ:AZPN) traded up 0.02% during mid-day trading on Wednesday, hitting $56.17. 132,726 shares of the stock were exchanged. The company has a 50-day moving average price of $55.03 and a 200-day moving average price of $49.79. The company has a market cap of $4.27 billion, a P/E ratio of 32.52 and a beta of 1.02. Aspen Technology, Inc. has a one year low of $31.52 and a one year high of $56.64.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly 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. The firm earned $119.90 million during the quarter, compared to analysts’ expectations of $118.33 million. Aspen Technology had a net margin of 29.29% and a negative return on equity of 117.73%. Aspen Technology’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. Analysts forecast that Aspen Technology, Inc. will post $1.87 earnings per share for the current fiscal year.

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AZPN has been the subject of several research reports. Canaccord Genuity reiterated a “hold” rating and set a $46.00 price objective on shares of Aspen Technology in a research note on Friday, October 28th. Zacks Investment Research raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, November 2nd. Pacific Crest raised their target price on shares of Aspen Technology from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 22nd. Finally, Avondale Partners raised shares of Aspen Technology from an “underperform” rating to an “outperform” rating and set a $60.00 target price for the company in a report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.29.

In other news, CEO Antonio J. Pietri sold 4,400 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $51.47, for a total value of $226,468.00. Following the completion of the sale, the chief executive officer now owns 218,049 shares in the company, valued at approximately $11,222,982.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donald P. Casey sold 800 shares of the firm’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $55.81, for a total transaction of $44,648.00. Following the completion of the sale, the director now owns 5,382 shares of the company’s stock, valued at approximately $300,369.42. The disclosure for this sale can be found here. Insiders sold a total of 32,758 shares of company stock valued at $1,762,906 in the last 90 days. Company 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.

5 Day Chart for NASDAQ:AZPN

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