Aspen Technology, Inc. (AZPN) Director Jr. Robert M. Whelan Sells 2,172 Shares

Aspen Technology, Inc. (NASDAQ:AZPN) Director Jr. Robert M. Whelan sold 2,172 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $72.28, for a total value of $156,992.16. Following the transaction, the director now owns 15,159 shares in the company, valued at approximately $1,095,692.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Aspen Technology, Inc. (NASDAQ:AZPN) traded up $2.22 during mid-day trading on Wednesday, hitting $75.25. The stock had a trading volume of 1,244,881 shares, compared to its average volume of 476,316. Aspen Technology, Inc. has a 12-month low of $53.51 and a 12-month high of $84.40. The firm has a market capitalization of $5,211.26, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 21.63 and a beta of 1.30.

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

Several hedge funds have recently made changes to their positions in AZPN. Advisor Group Inc. boosted its stake in shares of Aspen Technology by 69.9% during the second quarter. Advisor Group Inc. now owns 3,149 shares of the technology company’s stock valued at $173,000 after purchasing an additional 1,296 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Aspen Technology by 0.9% during the second quarter. Parametric Portfolio Associates LLC now owns 92,443 shares of the technology company’s stock valued at $5,108,000 after purchasing an additional 807 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Aspen Technology during the second quarter valued at about $15,288,000. State Street Corp boosted its stake in shares of Aspen Technology by 1.7% during the second quarter. State Street Corp now owns 1,599,490 shares of the technology company’s stock valued at $88,389,000 after purchasing an additional 27,307 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Aspen Technology during the second quarter valued at about $530,000.

Several research analysts have weighed in on the company. Canaccord Genuity increased their price objective on Aspen Technology from $65.00 to $73.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Berenberg Bank reiterated a “buy” rating and set a $88.00 price objective (up previously from $77.00) on shares of Aspen Technology in a research report on Thursday, January 25th. Robert W. Baird reiterated a “hold” rating on shares of Aspen Technology in a research report on Wednesday, January 24th. Wedbush reiterated a “neutral” rating and set a $74.00 price objective (up previously from $65.00) on shares of Aspen Technology in a research report on Thursday, January 25th. Finally, KeyCorp raised their price target on Aspen Technology from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Aspen Technology currently has an average rating of “Hold” and a consensus target price of $72.67.

COPYRIGHT VIOLATION NOTICE: “Aspen Technology, Inc. (AZPN) Director Jr. Robert M. Whelan Sells 2,172 Shares” was originally posted by Markets Daily and is the property of of Markets Daily. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2018/02/15/aspen-technology-inc-azpn-director-jr-robert-m-whelan-sells-2172-shares.html.

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.

Insider Buying and Selling by Quarter for Aspen Technology (NASDAQ:AZPN)

Receive News & Ratings for Aspen Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply