Truist Financial Corp increased its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN – Get Rating) by 11.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 41,347 shares of the technology company’s stock after purchasing an additional 4,225 shares during the period. Truist Financial Corp’s holdings in Aspen Technology were worth $6,838,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Epoch Investment Partners Inc. lifted its holdings in shares of Aspen Technology by 296.1% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,058,435 shares of the technology company’s stock worth $161,094,000 after purchasing an additional 791,211 shares during the period. Standard Investments LLC grew its holdings in Aspen Technology by 22.2% in the 4th quarter. Standard Investments LLC now owns 2,439,000 shares of the technology company’s stock valued at $371,216,000 after buying an additional 443,000 shares in the last quarter. Alpine Associates Management Inc. acquired a new position in shares of Aspen Technology in the 4th quarter valued at $29,556,000. Goldman Sachs Group Inc. lifted its stake in shares of Aspen Technology by 124.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 305,547 shares of the technology company’s stock valued at $46,504,000 after purchasing an additional 169,290 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Aspen Technology by 14.7% in the 4th quarter. Bessemer Group Inc. now owns 1,161,734 shares of the technology company’s stock valued at $176,817,000 after purchasing an additional 148,910 shares during the last quarter. Institutional investors own 96.49% of the company’s stock.
NASDAQ:AZPN opened at $178.65 on Thursday. The firm has a market capitalization of $11.58 billion, a PE ratio of 44.55, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21. The stock has a 50 day moving average of $187.43 and a 200-day moving average of $163.77. Aspen Technology, Inc. has a 52 week low of $122.29 and a 52 week high of $210.60. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.33.
Aspen Technology (NASDAQ:AZPN – Get Rating) last released its earnings results on Wednesday, April 27th. The technology company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The firm had revenue of $187.75 million during the quarter, compared to the consensus estimate of $190.61 million. Aspen Technology had a return on equity of 40.86% and a net margin of 39.22%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 earnings per share. As a group, analysts predict that Aspen Technology, Inc. will post 5.08 EPS for the current fiscal year.
In other news, Director Jr. Robert M. Whelan sold 4,010 shares of the company’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $159.07, for a total value of $637,870.70. Following the transaction, the director now directly owns 12,865 shares of the company’s stock, valued at $2,046,435.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.
A number of equities research analysts have issued reports on AZPN shares. Robert W. Baird lowered Aspen Technology from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $170.00 to $162.00 in a research report on Thursday, July 7th. StockNews.com upgraded Aspen Technology from a “sell” rating to a “hold” rating in a research note on Tuesday. Piper Sandler increased their price objective on Aspen Technology from $159.00 to $189.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 28th. TheStreet cut Aspen Technology from a “b” rating to a “c+” rating in a report on Tuesday, May 17th. Finally, Loop Capital raised their price target on Aspen Technology from $175.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $193.33.
Aspen Technology Company Profile (Get Rating)
Aspen Technology, Inc provides enterprise asset performance management, asset performance monitoring, and asset optimization solutions worldwide. The company’s solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. It serves bulk chemicals, consumer packaged goods, downstream, food and beverage, metals and mining, midstream and LNG, pharmaceuticals, polymers, pulp and paper, specialty chemicals, transportation, upstream, and water and wastewater industries; power generation, transmission, and distribution industries; and engineering, procurement, and construction industries.
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Source: defenseworld.net
