Sandia Holdings LLC held its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,293 shares of the technology company’s stock at the close of the second quarter. Aspen Technology comprises approximately 2.5% of Sandia Holdings LLC’s holdings, making the stock its 17th largest position. Sandia Holdings LLC owned about 0.13% of Aspen Technology worth $5,266,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of AZPN. Paradigm Asset Management Co. LLC bought a new position in shares of Aspen Technology in the 2nd quarter worth about $138,000. Pacad Investment Ltd. bought a new position in shares of Aspen Technology in the 2nd quarter worth about $166,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Aspen Technology by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,312 shares of the technology company’s stock worth $183,000 after acquiring an additional 357 shares in the last quarter. TrimTabs Asset Management LLC raised its position in shares of Aspen Technology by 85.3% in the 2nd quarter. TrimTabs Asset Management LLC now owns 4,192 shares of the technology company’s stock worth $232,000 after acquiring an additional 1,930 shares in the last quarter. Finally, HL Financial Services LLC raised its position in shares of Aspen Technology by 0.8% in the 1st quarter. HL Financial Services LLC now owns 4,257 shares of the technology company’s stock worth $251,000 after acquiring an additional 33 shares in the last quarter.
AZPN has been the subject of several research analyst reports. Zacks Investment Research lowered Aspen Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Berenberg Bank initiated coverage on Aspen Technology in a research report on Wednesday, August 23rd. They issued a “buy” rating and a $70.00 price objective for the company. Canaccord Genuity reissued a “hold” rating and issued a $60.00 price objective on shares of Aspen Technology in a research report on Friday, June 9th. BidaskClub raised Aspen Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Finally, Wedbush reissued a “neutral” rating and issued a $59.00 price objective on shares of Aspen Technology in a research report on Wednesday, June 28th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $61.75.
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Shares of Aspen Technology, Inc. (AZPN) traded down 0.27% during mid-day trading on Friday, reaching $63.49. The company had a trading volume of 233,871 shares. Aspen Technology, Inc. has a 12-month low of $44.60 and a 12-month high of $64.34. The firm has a 50-day moving average of $59.35 and a 200-day moving average of $58.61. The company has a market capitalization of $4.64 billion, a P/E ratio of 30.09 and a beta of 1.26.
Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Thursday, August 10th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.29. Aspen Technology had a net margin of 33.58% and a negative return on equity of 73.17%. The company had revenue of $123.68 million during the quarter, compared to the consensus estimate of $119.55 million. During the same period in the prior year, the firm earned $0.44 earnings per share. Aspen Technology’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts anticipate that Aspen Technology, Inc. will post $1.99 earnings per share for the current fiscal year.
In related news, VP F G. Hammond sold 3,388 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $60.60, for a total value of $205,312.80. Following the completion of the transaction, the vice president now directly owns 20,733 shares of the company’s stock, valued at $1,256,419.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Karl E. Johnsen sold 1,969 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $59.14, for a total transaction of $116,446.66. Following the completion of the transaction, the insider now directly owns 28,530 shares of the company’s stock, valued at $1,687,264.20. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate 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.
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