Aspen Technology, Inc. (AZPN) Shares Bought by Standard Life Aberdeen plc

Standard Life Aberdeen plc boosted its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 51.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 533,864 shares of the technology company’s stock after acquiring an additional 180,847 shares during the period. Standard Life Aberdeen plc’s holdings in Aspen Technology were worth $49,505,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Aspen Technology by 1.0% during the first quarter. BlackRock Inc. now owns 5,338,355 shares of the technology company’s stock valued at $421,144,000 after acquiring an additional 50,380 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Aspen Technology by 6.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,798,683 shares of the technology company’s stock valued at $378,568,000 after acquiring an additional 306,118 shares in the last quarter. Wells Fargo & Company MN grew its stake in Aspen Technology by 9.1% during the first quarter. Wells Fargo & Company MN now owns 1,241,668 shares of the technology company’s stock valued at $97,955,000 after acquiring an additional 103,349 shares in the last quarter. Alkeon Capital Management LLC grew its stake in Aspen Technology by 6.4% during the first quarter. Alkeon Capital Management LLC now owns 626,894 shares of the technology company’s stock valued at $49,455,000 after acquiring an additional 37,500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Aspen Technology by 1.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 574,531 shares of the technology company’s stock valued at $45,325,000 after acquiring an additional 8,238 shares in the last quarter. 98.39% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Aspen Technology from $90.00 to $114.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. BidaskClub lowered shares of Aspen Technology from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 22nd. Wedbush increased their price objective on shares of Aspen Technology from $80.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. ValuEngine upgraded shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 3rd. Finally, Zacks Investment Research lowered shares of Aspen Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $97.63.

AZPN stock opened at $112.11 on Monday. Aspen Technology, Inc. has a 52 week low of $59.68 and a 52 week high of $112.40. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 54.42, a price-to-earnings-growth ratio of 2.39 and a beta of 1.14.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Aspen Technology had a net margin of 29.77% and a negative return on equity of 53.91%. The business had revenue of $125.96 million during the quarter, compared to analyst estimates of $125.60 million. During the same quarter last year, the business earned $0.79 earnings per share. Aspen Technology’s quarterly revenue was up 1.8% compared to the same quarter last year. equities research analysts forecast that Aspen Technology, Inc. will post 2.85 EPS for the current fiscal year.

In other news, Director Gary E. Haroian sold 10,058 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $107.30, for a total value of $1,079,223.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP F G. Hammond sold 3,311 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $107.51, for a total transaction of $355,965.61. Following the completion of the sale, the vice president now owns 21,029 shares of the company’s stock, valued at approximately $2,260,827.79. The disclosure for this sale can be found here. Insiders have sold 33,250 shares of company stock valued at $3,595,936 in the last quarter. 0.80% of the stock is owned by company insiders.

Aspen Technology Company Profile

Aspen Technology, Inc, together with its subsidiaries, provides software and services in the United States, Europe, and internationally. It operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

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

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