Engineers Gate Manager LP Buys Shares of 43,493 Aspen Technology, Inc. (AZPN)

Engineers Gate Manager LP acquired a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,493 shares of the technology company’s stock, valued at approximately $2,732,000. Engineers Gate Manager LP owned 0.06% of Aspen Technology as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Koch Industries Inc. raised its position in shares of Aspen Technology by 8,875.5% during the second quarter. Koch Industries Inc. now owns 1,184,948 shares of the technology company’s stock worth $1,164,000 after purchasing an additional 1,171,746 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Aspen Technology by 15.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,984,783 shares of the technology company’s stock worth $250,285,000 after purchasing an additional 543,592 shares during the period. Renaissance Technologies LLC raised its position in shares of Aspen Technology by 20.9% during the second quarter. Renaissance Technologies LLC now owns 2,360,500 shares of the technology company’s stock worth $130,441,000 after purchasing an additional 408,200 shares during the period. Old Mutual Global Investors UK Ltd. raised its position in shares of Aspen Technology by 304.8% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 416,171 shares of the technology company’s stock worth $22,997,000 after purchasing an additional 313,372 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of Aspen Technology during the second quarter worth $15,288,000.

Aspen Technology, Inc. (AZPN) traded down $0.17 during trading hours on Friday, reaching $66.20. The company had a trading volume of 285,903 shares, compared to its average volume of 302,022. The firm has a market capitalization of $4,814.18, a price-to-earnings ratio of 30.79 and a beta of 1.23. Aspen Technology, Inc. has a 52-week low of $52.23 and a 52-week high of $69.38.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The firm had revenue of $122.80 million for the quarter, compared to analyst estimates of $121.73 million. Aspen Technology had a negative return on equity of 66.74% and a net margin of 33.35%. Aspen Technology’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. sell-side analysts predict that Aspen Technology, Inc. will post 1.77 EPS for the current year.

In related news, Director Jr. Robert M. Whelan sold 10,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $66.01, for a total transaction of $660,100.00. Following the transaction, the director now directly owns 25,559 shares of the company’s stock, valued at $1,687,149.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karl E. Johnsen sold 2,619 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $64.41, for a total value of $168,689.79. Following the completion of the transaction, the insider now directly owns 40,063 shares in the company, valued at $2,580,457.83. The disclosure for this sale can be found here. Insiders have sold 14,197 shares of company stock worth $931,360 over the last three months. 0.60% of the stock is owned by insiders.

AZPN has been the topic of a number of recent analyst reports. Robert W. Baird set a $63.00 target price on Aspen Technology and gave the stock a “hold” rating in a research report on Friday, October 6th. Canaccord Genuity boosted their target price on Aspen Technology from $62.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research raised Aspen Technology from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Tuesday, October 31st. Bank of America initiated coverage on Aspen Technology in a research report on Monday, November 6th. They set a “neutral” rating and a $67.00 target price on the stock. Finally, BidaskClub lowered Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $63.63.

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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.

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

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