Aspen Technology Inc. (NASDAQ:AZPN) EVP William Griffin sold 1,902 shares of the business’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $47.09, for a total transaction of $89,565.18. Following the transaction, the executive vice president now owns 53,102 shares in the company, valued at $2,500,573.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Aspen Technology Inc. (NASDAQ:AZPN) opened at 47.29 on Friday. The stock has a 50 day moving average of $46.00 and a 200-day moving average of $40.82. Aspen Technology Inc. has a 1-year low of $29.25 and a 1-year high of $47.51. The stock has a market capitalization of $3.77 billion, a P/E ratio of 28.15 and a beta of 1.06.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.05. The business earned $113.70 million during the quarter, compared to the consensus estimate of $112.88 million. Aspen Technology had a net margin of 29.63% and a negative return on equity of 297.67%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. Equities research analysts predict that Aspen Technology Inc. will post $1.80 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Aspen Technology by 5.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 60,813 shares of the company’s stock worth $2,197,000 after buying an additional 3,330 shares in the last quarter. Prudential Financial Inc. increased its position in Aspen Technology by 40.2% in the first quarter. Prudential Financial Inc. now owns 186,175 shares of the company’s stock valued at $6,727,000 after buying an additional 53,400 shares during the period. Franklin Resources Inc. increased its position in Aspen Technology by 2.6% in the first quarter. Franklin Resources Inc. now owns 410,414 shares of the company’s stock valued at $14,828,000 after buying an additional 10,400 shares during the period. BlackRock Inc. increased its position in Aspen Technology by 235.7% in the first quarter. BlackRock Inc. now owns 14,211 shares of the company’s stock valued at $513,000 after buying an additional 9,978 shares during the period. Finally, BlackRock Group LTD increased its position in Aspen Technology by 27.7% in the first quarter. BlackRock Group LTD now owns 93,755 shares of the company’s stock valued at $3,387,000 after buying an additional 20,343 shares during the period.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday, August 17th. Avondale Partners lowered shares of Aspen Technology from a “market perform” rating to an “underperform” rating and boosted their target price for the company from $39.00 to $42.00 in a report on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.71.
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