Millennium Management LLC Grows Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Millennium Management LLC grew its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 803.8% in the third quarter, HoldingsChannel reports. The fund owned 179,458 shares of the technology company’s stock after acquiring an additional 159,601 shares during the quarter. Millennium Management LLC’s holdings in Aspen Technology were worth $22,087,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Summit Global Investments boosted its position in Aspen Technology by 0.3% during the second quarter. Summit Global Investments now owns 27,030 shares of the technology company’s stock worth $3,359,000 after purchasing an additional 89 shares in the last quarter. AGF Investments LLC lifted its position in shares of Aspen Technology by 1.5% during the 2nd quarter. AGF Investments LLC now owns 6,427 shares of the technology company’s stock valued at $799,000 after buying an additional 96 shares in the last quarter. First Allied Advisory Services Inc. grew its stake in Aspen Technology by 4.0% in the 3rd quarter. First Allied Advisory Services Inc. now owns 3,158 shares of the technology company’s stock valued at $390,000 after acquiring an additional 122 shares during the period. Zacks Investment Management grew its stake in Aspen Technology by 0.6% in the 2nd quarter. Zacks Investment Management now owns 23,563 shares of the technology company’s stock valued at $2,928,000 after acquiring an additional 149 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Aspen Technology by 4.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,749 shares of the technology company’s stock valued at $585,000 after acquiring an additional 187 shares during the period. Institutional investors and hedge funds own 97.11% of the company’s stock.

A number of research firms have weighed in on AZPN. BidaskClub upgraded shares of Aspen Technology from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 28th. Benchmark reiterated a “buy” rating and issued a $152.00 target price (up previously from $133.00) on shares of Aspen Technology in a research report on Monday, August 12th. KeyCorp lifted their target price on shares of Aspen Technology from $124.00 to $141.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on shares of Aspen Technology from $131.00 to $123.00 and set an “underweight” rating for the company in a research note on Wednesday, September 11th. Finally, ValuEngine upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Aspen Technology has a consensus rating of “Hold” and a consensus target price of $134.57.

In other news, CFO Karl E. Johnsen sold 2,310 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $116.82, for a total transaction of $269,854.20. Following the completion of the sale, the chief financial officer now owns 28,667 shares of the company’s stock, valued at $3,348,878.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Shares of NASDAQ:AZPN opened at $122.49 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.98 and a quick ratio of 0.98. Aspen Technology, Inc. has a 1 year low of $75.01 and a 1 year high of $142.15. The firm has a market capitalization of $8.55 billion, a PE ratio of 32.49 and a beta of 1.56. The business’s 50 day moving average price is $118.58 and its 200-day moving average price is $124.62.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.30. The firm had revenue of $134.09 million during the quarter, compared to the consensus estimate of $119.49 million. Aspen Technology had a return on equity of 67.12% and a net margin of 43.83%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. As a group, analysts expect that Aspen Technology, Inc. will post 3.32 earnings per share for the current year.

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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