Aspen Technology, Inc. (NASDAQ:AZPN) – Analysts at William Blair issued their FY2020 earnings estimates for Aspen Technology in a research report issued on Wednesday, according to Zacks Investment Research. William Blair analyst M. Pfau anticipates that the technology company will post earnings per share of $2.56 for the year.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. The business had revenue of $124.90 million for the quarter, compared to analyst estimates of $121.81 million. Aspen Technology had a net margin of 33.23% and a negative return on equity of 61.97%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS.
Shares of Aspen Technology (NASDAQ:AZPN) traded up $2.22 during mid-day trading on Monday, hitting $75.25. 1,244,800 shares of the stock traded hands, compared to its average volume of 461,750. The stock has a market cap of $5,420.00, a price-to-earnings ratio of 34.36, a P/E/G ratio of 21.81 and a beta of 1.29. Aspen Technology has a 1-year low of $53.51 and a 1-year high of $84.40.
A number of large investors have recently modified their holdings of the business. Amalgamated Bank grew its position in Aspen Technology by 0.7% in the second quarter. Amalgamated Bank now owns 9,635 shares of the technology company’s stock valued at $532,000 after acquiring an additional 69 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Aspen Technology by 2.8% during the 2nd quarter. M&T Bank Corp now owns 5,834 shares of the technology company’s stock valued at $322,000 after buying an additional 159 shares during the last quarter. QS Investors LLC boosted its stake in shares of Aspen Technology by 0.4% during the 2nd quarter. QS Investors LLC now owns 81,019 shares of the technology company’s stock valued at $4,477,000 after buying an additional 288 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Aspen Technology by 0.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 51,326 shares of the technology company’s stock valued at $2,836,000 after buying an additional 293 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Aspen Technology by 0.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 92,443 shares of the technology company’s stock valued at $5,108,000 after buying an additional 807 shares during the last quarter.
In other Aspen Technology news, insider Karl E. Johnsen sold 2,304 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $75.00, for a total value of $172,800.00. Following the completion of the sale, the insider now owns 36,180 shares of the company’s stock, valued at $2,713,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jr. Robert M. Whelan sold 2,172 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $72.28, for a total transaction of $156,992.16. Following the completion of the sale, the director now directly owns 15,159 shares of the company’s stock, valued at approximately $1,095,692.52. The disclosure for this sale can be found here. Insiders sold 19,116 shares of company stock valued at $1,407,642 in the last ninety days. 0.60% of the stock is owned by corporate insiders.
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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.
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