Jefferies Group LLC lessened its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 65.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,064 shares of the technology company’s stock after selling 11,513 shares during the quarter. Jefferies Group LLC’s holdings in Aspen Technology were worth $691,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Aspen Technology by 34.5% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 5,535 shares of the technology company’s stock valued at $630,000 after buying an additional 1,421 shares during the last quarter. Invictus RG acquired a new stake in shares of Aspen Technology in the 3rd quarter valued at approximately $383,000. Renaissance Technologies LLC boosted its holdings in shares of Aspen Technology by 3.6% in the 3rd quarter. Renaissance Technologies LLC now owns 4,002,003 shares of the technology company’s stock valued at $455,868,000 after buying an additional 139,203 shares during the last quarter. Riverhead Capital Management LLC acquired a new stake in shares of Aspen Technology in the 3rd quarter valued at approximately $1,120,000. Finally, Kepos Capital LP boosted its holdings in shares of Aspen Technology by 180.5% in the 3rd quarter. Kepos Capital LP now owns 37,247 shares of the technology company’s stock valued at $4,243,000 after buying an additional 23,969 shares during the last quarter. 97.26% of the stock is owned by institutional investors.
Shares of Aspen Technology stock opened at $83.19 on Friday. Aspen Technology, Inc. has a 1 year low of $65.03 and a 1 year high of $118.86. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 1.64 and a beta of 1.52.
Several research firms have recently commented on AZPN. BidaskClub raised Aspen Technology from a “sell” rating to a “hold” rating in a report on Thursday. Berenberg Bank cut their price objective on Aspen Technology from $127.00 to $98.00 and set a “buy” rating for the company in a report on Tuesday, August 21st. Zacks Investment Research downgraded Aspen Technology from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Canaccord Genuity raised Aspen Technology from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Wednesday, November 28th. Finally, TheStreet raised Aspen Technology from a “d-” rating to a “b” rating in a report on Friday, October 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $102.00.
In other Aspen Technology news, CEO Antonio J. Pietri sold 7,095 shares of the firm’s stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $77.49, for a total transaction of $549,791.55. Following the completion of the sale, the chief executive officer now owns 251,780 shares of the company’s stock, valued at approximately $19,510,432.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karl E. Johnsen sold 2,387 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $80.69, for a total value of $192,607.03. Following the sale, the insider now directly owns 35,058 shares of the company’s stock, valued at approximately $2,828,830.02. The disclosure for this sale can be found here. Insiders have sold a total of 9,582 shares of company stock valued at $750,274 in the last ninety days. Insiders own 0.90% of the company’s stock.
About Aspen Technology
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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