Fmr LLC lessened its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,654,717 shares of the technology company’s stock after selling 551,622 shares during the quarter. Fmr LLC owned approximately 4.91% of Aspen Technology worth $201,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in AZPN. Jennison Associates LLC increased its position in shares of Aspen Technology by 354.1% during the second quarter. Jennison Associates LLC now owns 31,854 shares of the technology company’s stock valued at $1,760,000 after purchasing an additional 24,839 shares during the period. ClariVest Asset Management LLC acquired a new position in shares of Aspen Technology in the first quarter valued at $1,540,000. MARSHALL WACE ASIA Ltd acquired a new position in shares of Aspen Technology in the first quarter valued at $314,000. Credit Suisse AG raised its stake in shares of Aspen Technology by 37.2% in the first quarter. Credit Suisse AG now owns 109,284 shares of the technology company’s stock valued at $6,439,000 after purchasing an additional 29,605 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in shares of Aspen Technology in the first quarter valued at $300,000.

In other Aspen Technology news, insider Karl E. Johnsen sold 1,969 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $59.14, for a total value of $116,446.66. Following the completion of the sale, the insider now owns 28,530 shares of the company’s stock, valued at approximately $1,687,264.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP F G. Hammond sold 3,388 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $60.60, for a total transaction of $205,312.80. Following the transaction, the vice president now owns 20,733 shares in the company, valued at approximately $1,256,419.80. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

A number of research firms have weighed in on AZPN. Berenberg Bank began coverage on shares of Aspen Technology in a research note on Wednesday, August 23rd. They set a “buy” rating and a $70.00 price target on the stock. Zacks Investment Research lowered shares of Aspen Technology from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Canaccord Genuity restated a “hold” rating and issued a $60.00 price objective on shares of Aspen Technology in a research note on Friday, June 9th. BidaskClub upgraded shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Finally, Wedbush reaffirmed a “neutral” rating and set a $59.00 price objective on shares of Aspen Technology in a report on Wednesday, June 28th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Aspen Technology has an average rating of “Buy” and an average target price of $61.75.

Shares of Aspen Technology, Inc. (NASDAQ AZPN) opened at 63.92 on Wednesday. The company has a 50-day moving average price of $62.38 and a 200 day moving average price of $59.22. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 30.29 and a beta of 1.24. Aspen Technology, Inc. has a 52 week low of $45.47 and a 52 week high of $64.87.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Thursday, August 10th. The technology company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.29. Aspen Technology had a net margin of 33.58% and a negative return on equity of 73.17%. The business had revenue of $123.68 million for the quarter, compared to the consensus estimate of $119.55 million. During the same period in the prior year, the company posted $0.44 earnings per share. Aspen Technology’s revenue was up 8.8% compared to the same quarter last year. Analysts expect that Aspen Technology, Inc. will post $1.99 EPS for the current fiscal year.

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Aspen Technology Company Profile

Aspen Technology, Inc is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries.

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

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