American Century Companies Inc. lowered its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 56.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,773 shares of the technology company’s stock after selling 33,538 shares during the period. American Century Companies Inc.’s holdings in Aspen Technology were worth $2,118,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in Aspen Technology by 31.1% during the third quarter. Bank of New York Mellon Corp now owns 409,139 shares of the technology company’s stock valued at $46,605,000 after purchasing an additional 97,170 shares during the last quarter. Deutsche Bank AG lifted its position in Aspen Technology by 26.1% during the third quarter. Deutsche Bank AG now owns 117,505 shares of the technology company’s stock valued at $13,382,000 after purchasing an additional 24,348 shares during the last quarter. BlueMountain Capital Management LLC lifted its position in Aspen Technology by 24.8% during the third quarter. BlueMountain Capital Management LLC now owns 27,609 shares of the technology company’s stock valued at $3,145,000 after purchasing an additional 5,482 shares during the last quarter. Mackenzie Financial Corp lifted its position in Aspen Technology by 1,380.4% during the third quarter. Mackenzie Financial Corp now owns 136,940 shares of the technology company’s stock valued at $15,599,000 after purchasing an additional 127,690 shares during the last quarter. Finally, HRT Financial LLC bought a new stake in Aspen Technology during the third quarter valued at approximately $340,000. 98.29% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Antonio J. Pietri sold 7,095 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $99.49, for a total value of $705,881.55. Following the completion of the sale, the chief executive officer now directly owns 237,920 shares in the company, valued at approximately $23,670,660.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jr. Robert M. Whelan sold 1,250 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 10,232 shares of the company’s stock, valued at $991,071.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,443 shares of company stock valued at $1,611,897. Company insiders own 0.90% of the company’s stock.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Wednesday, January 23rd. The technology company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.29. The firm had revenue of $140.42 million during the quarter, compared to analyst estimates of $122.04 million. Aspen Technology had a net margin of 34.19% and a return on equity of 204.42%. The business’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.88 EPS. On average, research analysts predict that Aspen Technology, Inc. will post 3.23 earnings per share for the current year.
Several brokerages have issued reports on AZPN. KeyCorp began coverage on shares of Aspen Technology in a research report on Wednesday, April 10th. They set an “overweight” rating and a $120.00 target price for the company. BidaskClub upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Wedbush reiterated a “neutral” rating and set a $104.00 target price on shares of Aspen Technology in a research report on Monday, March 18th. Benchmark reiterated a “buy” rating and set a $110.00 target price on shares of Aspen Technology in a research report on Thursday, March 14th. Finally, Canaccord Genuity boosted their price objective on shares of Aspen Technology from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, January 24th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Aspen Technology currently has a consensus rating of “Buy” and an average price target of $108.00.
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Aspen Technology Profile
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.
See Also: Return on Equity (ROE)
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