Aspen Technology Inc. (NASDAQ:AZPN) released its quarterly earnings data on Thursday. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. The company earned $120.10 million during the quarter, compared to the consensus estimate of $116.48 million. Aspen Technology had a net margin of 29.63% and a negative return on equity of 297.67%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS.

Shares of Aspen Technology (NASDAQ:AZPN) traded down 1.08% during midday trading on Thursday, hitting $46.79. The firm’s 50-day moving average price is $46.54 and its 200 day moving average price is $41.92. Aspen Technology has a 52-week low of $29.25 and a 52-week high of $48.25. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 27.85 and a beta of 1.06.

Earnings History for Aspen Technology (NASDAQ:AZPN)

In other news, CEO Antonio J. Pietri sold 4,500 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $45.03, for a total value of $202,635.00. Following the completion of the sale, the chief executive officer now owns 152,750 shares of the company’s stock, valued at $6,878,332.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP William Griffin sold 1,902 shares of the business’s stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $47.09, for a total transaction of $89,565.18. Following the completion of the sale, the executive vice president now directly owns 53,102 shares of the company’s stock, valued at approximately $2,500,573.18. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Aspen Technology by 8.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,027,366 shares of the company’s stock valued at $121,821,000 after buying an additional 233,394 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Aspen Technology by 26.9% in the second quarter. Neuberger Berman Group LLC now owns 2,581,804 shares of the company’s stock valued at $103,892,000 after buying an additional 547,691 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Aspen Technology by 2.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,371,372 shares of the company’s stock valued at $95,424,000 after buying an additional 62,371 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in Aspen Technology by 45.6% in the second quarter. Manning & Napier Advisors LLC now owns 1,872,621 shares of the company’s stock valued at $75,353,000 after buying an additional 586,340 shares in the last quarter. Finally, State Street Corp boosted its stake in Aspen Technology by 2.8% in the first quarter. State Street Corp now owns 1,667,966 shares of the company’s stock valued at $60,261,000 after buying an additional 45,732 shares in the last quarter.

AZPN has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Wednesday, August 17th. Avondale Partners downgraded shares of Aspen Technology from a “market perform” rating to an “underperform” rating and raised their price objective for the stock from $39.00 to $42.00 in a report on Friday, August 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $40.71.

Aspen Technology Company Profile

Aspen Technology, Inc provides process optimization software solutions designed to manage and optimize plant and process design, operational performance and supply chain planning. The Company operates through two segments: subscription and software, and services. Its subscription and software segment is engaged in the licensing of process optimization software solutions and associated support services.

5 Day Chart for NASDAQ:AZPN

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