Qube Research & Technologies Ltd Acquires 39,402 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Qube Research & Technologies Ltd increased its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPNGet Rating) by 315.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,895 shares of the technology company’s stock after purchasing an additional 39,402 shares during the period. Qube Research & Technologies Ltd owned approximately 0.08% of Aspen Technology worth $7,898,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AZPN. First Horizon Advisors Inc. lifted its holdings in shares of Aspen Technology by 956.3% during the 4th quarter. First Horizon Advisors Inc. now owns 169 shares of the technology company’s stock valued at $25,000 after purchasing an additional 153 shares in the last quarter. Confluence Wealth Services Inc. bought a new stake in Aspen Technology in the 4th quarter valued at approximately $28,000. Parallel Advisors LLC lifted its stake in Aspen Technology by 97.2% in the 4th quarter. Parallel Advisors LLC now owns 213 shares of the technology company’s stock valued at $32,000 after acquiring an additional 105 shares in the last quarter. JFS Wealth Advisors LLC bought a new stake in Aspen Technology in the 4th quarter valued at approximately $33,000. Finally, National Bank of Canada FI bought a new stake in Aspen Technology in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 96.49% of the company’s stock.

In other news, Director Jr. Robert M. Whelan sold 4,010 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Shares of NASDAQ:AZPN opened at $166.30 on Tuesday. Aspen Technology, Inc. has a 52-week low of $122.29 and a 52-week high of $170.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 4.07 and a current ratio of 4.07. The company has a market capitalization of $11.08 billion, a P/E ratio of 41.47, a price-to-earnings-growth ratio of 4.14 and a beta of 1.26. The company has a 50-day simple moving average of $157.43 and a 200 day simple moving average of $151.83.

Aspen Technology (NASDAQ:AZPNGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. Aspen Technology had a return on equity of 40.86% and a net margin of 39.22%. The company had revenue of $187.75 million during the quarter, compared to analysts’ expectations of $190.61 million. During the same period last year, the firm posted $0.94 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. As a group, equities analysts forecast that Aspen Technology, Inc. will post 5.04 earnings per share for the current year.

Several equities research analysts have commented on AZPN shares. StockNews.com upgraded Aspen Technology from a “hold” rating to a “buy” rating in a research note on Friday. Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a research note on Thursday, March 17th. Piper Sandler cut their target price on Aspen Technology from $170.00 to $159.00 in a research note on Tuesday. Finally, Zacks Investment Research upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a research note on Monday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $167.00.

About Aspen Technology (Get Rating)

Aspen Technology, Inc, together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments.

See Also

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

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