NumerixS Investment Technologies Inc Has $113,000 Position in Aspen Technology, Inc. (AZPN)

NumerixS Investment Technologies Inc increased its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 75.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,400 shares of the technology company’s stock after buying an additional 600 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Aspen Technology were worth $113,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AZPN. Riverview Trust Co bought a new position in Aspen Technology in the 4th quarter valued at $65,000. First Hawaiian Bank raised its position in shares of Aspen Technology by 478.4% during the fourth quarter. First Hawaiian Bank now owns 885 shares of the technology company’s stock worth $73,000 after acquiring an additional 732 shares during the last quarter. Gideon Capital Advisors Inc. bought a new stake in shares of Aspen Technology during the third quarter worth $231,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Aspen Technology by 11.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,244 shares of the technology company’s stock worth $184,000 after acquiring an additional 229 shares during the last quarter. Finally, Cerebellum GP LLC raised its position in shares of Aspen Technology by 84.1% during the fourth quarter. Cerebellum GP LLC now owns 2,897 shares of the technology company’s stock worth $238,000 after acquiring an additional 1,323 shares during the last quarter. Institutional investors and hedge funds own 97.56% of the company’s stock.

Shares of Aspen Technology stock opened at $101.31 on Friday. Aspen Technology, Inc. has a 12 month low of $74.84 and a 12 month high of $118.86. The firm has a market cap of $7.06 billion, a P/E ratio of 49.18 and a beta of 1.56.

Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Wednesday, January 23rd. The technology company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.29. Aspen Technology had a return on equity of 204.42% and a net margin of 34.19%. The firm had revenue of $140.42 million during the quarter, compared to analysts’ expectations of $122.04 million. During the same period in the previous year, the firm earned $1.88 earnings per share. The company’s revenue was up 33.1% on a year-over-year basis. Analysts anticipate that Aspen Technology, Inc. will post 3.24 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Benchmark restated a “buy” rating and set a $110.00 target price on shares of Aspen Technology in a research report on Thursday. BidaskClub downgraded Aspen Technology from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Canaccord Genuity boosted their target price on Aspen Technology from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, January 24th. Wedbush restated a “neutral” rating and set a $99.00 target price (down previously from $104.00) on shares of Aspen Technology in a research report on Thursday, January 24th. Finally, Zacks Investment Research downgraded Aspen Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $106.14.

In other news, Director Jr. Robert M. Whelan sold 1,250 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $96.86, for a total transaction of $121,075.00. Following the completion of the transaction, the director now directly owns 10,232 shares of the company’s stock, valued at $991,071.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Antonio J. Pietri sold 7,095 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $99.49, for a total value of $705,881.55. Following the transaction, the chief executive officer now directly owns 237,920 shares of the company’s stock, valued at $23,670,660.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,443 shares of company stock valued at $1,611,897. Insiders own 0.90% of the company’s stock.

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About Aspen Technology

Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

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

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