Howland Capital Management LLC reduced its stake in Aspen Technology Inc. (NASDAQ:AZPN) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208,580 shares of the company’s stock after selling 470 shares during the period. Howland Capital Management LLC’s holdings in Aspen Technology were worth $9,759,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Seven Eight Capital LLC acquired a new stake in Aspen Technology during the first quarter valued at about $137,000. BlueMountain Capital Management LLC raised its stake in Aspen Technology by 108.0% in the first quarter. BlueMountain Capital Management LLC now owns 15,674 shares of the company’s stock valued at $566,000 after buying an additional 8,139 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Aspen Technology by 5,010.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,271 shares of the company’s stock valued at $132,000 after buying an additional 3,207 shares during the last quarter. Atria Investments LLC acquired a new stake in Aspen Technology during the second quarter valued at about $213,000. Finally, Verde Servicos Internacionais S.A. acquired a new stake in Aspen Technology during the second quarter valued at about $6,316,000.
Aspen Technology Inc. (NASDAQ:AZPN) traded down 0.19% during mid-day trading on Monday, hitting $52.79. 482,242 shares of the stock were exchanged. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 31.44 and a beta of 1.00. The company’s 50-day moving average price is $48.81 and its 200 day moving average price is $43.84. Aspen Technology Inc. has a 52 week low of $29.25 and a 52 week high of $53.17.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The company had revenue of $120.10 million for the quarter, compared to the consensus estimate of $116.48 million. Aspen Technology had a net margin of 29.27% and a negative return on equity of 181.66%. Aspen Technology’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. Equities research analysts expect that Aspen Technology Inc. will post $1.83 EPS for the current year.
AZPN has been the subject of several analyst reports. Zacks Investment Research lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 12th. Avondale Partners lowered shares of Aspen Technology from a “market perform” rating to an “underperform” rating and upped their price target for the company from $39.00 to $42.00 in a research report on Friday, August 12th. Canaccord Genuity restated a “hold” rating and set a $46.00 price target on shares of Aspen Technology in a research report on Friday, October 28th. Finally, Pacific Crest upped their price target 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $45.00.
In other news, CEO Antonio J. Pietri sold 4,400 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $51.47, for a total value of $226,468.00. Following the sale, the chief executive officer now directly owns 218,049 shares in the company, valued at approximately $11,222,982.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jr. Robert M. Whelan sold 2,000 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $48.34, for a total transaction of $96,680.00. Following the completion of the sale, the director now owns 10,717 shares in the company, valued at $518,059.78. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.
About Aspen Technology
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.