Aspen Technology, Inc. (NASDAQ:AZPN) Shares Sold by Howland Capital Management LLC

Howland Capital Management LLC lowered its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,751 shares of the technology company’s stock after selling 669 shares during the period. Howland Capital Management LLC’s holdings in Aspen Technology were worth $7,838,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Aspen Technology by 276.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 674 shares of the technology company’s stock worth $144,000 after acquiring an additional 495 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Aspen Technology by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 32,627 shares of the technology company’s stock worth $6,959,000 after acquiring an additional 340 shares in the last quarter. Hartline Investment Corp acquired a new stake in shares of Aspen Technology in the first quarter worth $262,000. Norden Group LLC increased its position in shares of Aspen Technology by 53.1% in the first quarter. Norden Group LLC now owns 2,375 shares of the technology company’s stock worth $507,000 after acquiring an additional 824 shares in the last quarter. Finally, Argent Capital Management LLC increased its position in shares of Aspen Technology by 0.7% in the first quarter. Argent Capital Management LLC now owns 12,051 shares of the technology company’s stock worth $2,570,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

Aspen Technology Trading Up 2.1 %

NASDAQ AZPN traded up $3.85 during trading hours on Thursday, reaching $190.75. 203,588 shares of the company traded hands, compared to its average volume of 205,239. Aspen Technology, Inc. has a 12 month low of $162.26 and a 12 month high of $224.77. The stock has a market capitalization of $12.08 billion, a PE ratio of -433.51, a PEG ratio of 2.47 and a beta of 0.73. The company has a 50 day moving average of $204.11 and a two-hundred day moving average of $201.81.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.39. Aspen Technology had a negative net margin of 2.46% and a positive return on equity of 2.76%. The firm had revenue of $278.11 million for the quarter, compared to the consensus estimate of $251.65 million. On average, equities research analysts anticipate that Aspen Technology, Inc. will post 5.52 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. William Blair raised shares of Aspen Technology to a “hold” rating in a research report on Tuesday, May 7th. Piper Sandler decreased their target price on shares of Aspen Technology from $196.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Berenberg Bank upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and upped their target price for the company from $185.00 to $255.00 in a research note on Friday, May 17th. Finally, Robert W. Baird restated an “outperform” rating and issued a $230.00 target price on shares of Aspen Technology in a research note on Friday, June 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $219.50.

Aspen Technology Company Profile

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.