Ramsey Quantitative Systems Has $514,000 Holdings in Aspen Technology, Inc. (AZPN)

Ramsey Quantitative Systems cut its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 26.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,486 shares of the technology company’s stock after selling 3,065 shares during the period. Aspen Technology comprises 0.5% of Ramsey Quantitative Systems’ holdings, making the stock its 20th largest position. Ramsey Quantitative Systems’ holdings in Aspen Technology were worth $514,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its stake in Aspen Technology by 59.5% during the third quarter. BNP Paribas Arbitrage SA now owns 15,373 shares of the technology company’s stock valued at $966,000 after buying an additional 5,737 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Aspen Technology during the third quarter valued at about $2,732,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in 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 valued at $250,285,000 after buying an additional 543,592 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in Aspen Technology by 2.3% during the third quarter. Mawer Investment Management Ltd. now owns 325,758 shares of the technology company’s stock valued at $20,461,000 after buying an additional 7,270 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Aspen Technology by 1.7% during the third quarter. Rhumbline Advisers now owns 100,760 shares of the technology company’s stock valued at $6,329,000 after buying an additional 1,646 shares in the last quarter.

In related news, VP F G. Hammond sold 6,292 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $73.47, for a total value of $462,273.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Antonio J. Pietri sold 26,900 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $76.56, for a total value of $2,059,464.00. Following the completion of the transaction, the chief executive officer now owns 250,416 shares in the company, valued at approximately $19,171,848.96. The disclosure for this sale can be found here. Insiders sold 52,308 shares of company stock worth $3,929,379 in the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

A number of brokerages have recently weighed in on AZPN. Bank of America downgraded Aspen Technology from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. They noted that the move was a valuation call. Canaccord Genuity upped their target price on Aspen Technology from $62.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 27th. KeyCorp upped their target price on Aspen Technology from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Berenberg Bank reiterated a “buy” rating and issued a $88.00 target price (up previously from $77.00) on shares of Aspen Technology in a report on Thursday, January 25th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Aspen Technology in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $72.67.

Aspen Technology, Inc. (NASDAQ AZPN) opened at $77.56 on Thursday. The firm has a market capitalization of $5,590.00, a PE ratio of 35.42, a PEG ratio of 3.76 and a beta of 1.29. Aspen Technology, Inc. has a twelve month low of $53.51 and a twelve month high of $84.40.

Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.09. The company had revenue of $124.90 million for the quarter, compared to the consensus estimate of $121.81 million. Aspen Technology had a negative return on equity of 61.97% and a net margin of 33.23%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. equities research analysts expect that Aspen Technology, Inc. will post 1.97 earnings per share for the current year.

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

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