Fox Run Management L.L.C. grew its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 77.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 15,287 shares of the technology company’s stock after buying an additional 6,687 shares during the period. Fox Run Management L.L.C.’s holdings in Aspen Technology were worth $1,012,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. First Manhattan Co. purchased a new stake in shares of Aspen Technology in the third quarter valued at about $125,000. Advisor Group Inc. raised its holdings in shares of Aspen Technology by 69.9% in the second quarter. Advisor Group Inc. now owns 3,149 shares of the technology company’s stock valued at $173,000 after buying an additional 1,296 shares during the last quarter. Parametrica Management Ltd purchased a new stake in shares of Aspen Technology in the third quarter valued at about $203,000. Moneta Group Investment Advisors LLC purchased a new stake in shares of Aspen Technology in the third quarter valued at about $226,000. Finally, FDx Advisors Inc. purchased a new stake in shares of Aspen Technology in the third quarter valued at about $259,000.
In other news, Director Jr. Robert M. Whelan sold 10,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were 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 in the company, valued at $1,687,149.59. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Karl E. Johnsen sold 2,619 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $64.41, for a total transaction of $168,689.79. Following the transaction, the insider now owns 40,063 shares in the company, valued at $2,580,457.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,197 shares of company stock worth $931,360. Company insiders own 0.60% of the company’s stock.
Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. Aspen Technology had a net margin of 33.35% and a negative return on equity of 66.74%. The business had revenue of $122.80 million for the quarter, compared to analyst estimates of $121.73 million. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. research analysts expect that Aspen Technology, Inc. will post 1.83 EPS for the current fiscal year.
A number of brokerages have recently commented on AZPN. Zacks Investment Research cut shares of Aspen Technology from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Bank of America began coverage on shares of Aspen Technology in a report on Monday, November 6th. They issued a “neutral” rating and a $67.00 target price for the company. BidaskClub cut shares of Aspen Technology from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. JPMorgan Chase & Co. upped their target price on shares of Aspen Technology to $65.00 and gave the company an “underweight” rating in a report on Wednesday, January 3rd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $83.00 target price (up from $73.00) on shares of Aspen Technology in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $66.60.
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Aspen Technology Profile
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.
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