Bank of Montreal Can Reduces Holdings in Aspen Technology, Inc. (AZPN)

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Bank of Montreal Can decreased its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,862 shares of the technology company’s stock after selling 178 shares during the quarter. Bank of Montreal Can’s holdings in Aspen Technology were worth $611,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Squarepoint Ops LLC grew its holdings in shares of Aspen Technology by 8.5% during the fourth quarter. Squarepoint Ops LLC now owns 2,900 shares of the technology company’s stock worth $238,000 after purchasing an additional 227 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Aspen Technology by 11.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,244 shares of the technology company’s stock worth $184,000 after purchasing an additional 229 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of Aspen Technology by 2.7% during the fourth quarter. Synovus Financial Corp now owns 10,000 shares of the technology company’s stock worth $819,000 after purchasing an additional 266 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Aspen Technology by 4.4% during the fourth quarter. Stephens Inc. AR now owns 7,524 shares of the technology company’s stock worth $618,000 after purchasing an additional 319 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Aspen Technology by 0.4% during the fourth quarter. Stifel Financial Corp now owns 107,233 shares of the technology company’s stock worth $8,828,000 after purchasing an additional 396 shares during the last quarter. 96.65% of the stock is currently owned by institutional investors.

Shares of AZPN opened at $114.77 on Monday. Aspen Technology, Inc. has a fifty-two week low of $74.84 and a fifty-two week high of $124.96. The stock has a market cap of $7.91 billion, a PE ratio of 55.71 and a beta of 1.61.

Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. Aspen Technology had a net margin of 37.25% and a return on equity of 76.36%. The business had revenue of $148.00 million during the quarter, compared to the consensus estimate of $136.38 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Research analysts expect that Aspen Technology, Inc. will post 3.26 EPS for the current fiscal year.

Several brokerages have issued reports on AZPN. Wedbush reaffirmed an “outperform” rating and set a $131.00 price objective on shares of Aspen Technology in a report on Wednesday, May 15th. Benchmark reaffirmed a “buy” rating and set a $133.00 price objective (up previously from $113.00) on shares of Aspen Technology in a report on Wednesday, May 8th. Zacks Investment Research lowered Aspen Technology from a “buy” rating to a “hold” rating in a report on Monday, May 6th. BidaskClub upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Bank of America upgraded shares of Aspen Technology from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $88.00 to $116.00 in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Aspen Technology has an average rating of “Buy” and a consensus target price of $117.25.

In other news, CEO Antonio J. Pietri sold 5,900 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $118.81, for a total transaction of $700,979.00. Following the completion of the sale, the chief executive officer now owns 207,497 shares in the company, valued at $24,652,718.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Karl E. Johnsen sold 3,037 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $121.38, for a total transaction of $368,631.06. Following the completion of the sale, the insider now owns 26,453 shares of the company’s stock, valued at approximately $3,210,865.14. The disclosure for this sale can be found here. Insiders have sold 71,597 shares of company stock valued at $8,580,241 in the last quarter. Insiders own 0.90% of the company’s stock.

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Aspen Technology Profile

Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company 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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