DekaBank Deutsche Girozentrale Increases Stock Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

DekaBank Deutsche Girozentrale lifted its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,840 shares of the technology company’s stock after buying an additional 395 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of Aspen Technology worth $7,660,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. LRI Investments LLC boosted its stake in Aspen Technology by 6.7% in the second quarter. LRI Investments LLC now owns 862 shares of the technology company’s stock valued at $171,000 after acquiring an additional 54 shares in the last quarter. Tortoise Investment Management LLC raised its position in Aspen Technology by 77.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company’s stock valued at $25,000 after purchasing an additional 56 shares during the last quarter. OFI Invest Asset Management boosted its stake in Aspen Technology by 7.4% during the 2nd quarter. OFI Invest Asset Management now owns 872 shares of the technology company’s stock worth $162,000 after purchasing an additional 60 shares during the period. Assenagon Asset Management S.A. increased its stake in Aspen Technology by 4.1% in the second quarter. Assenagon Asset Management S.A. now owns 1,536 shares of the technology company’s stock valued at $305,000 after purchasing an additional 60 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC increased its stake in Aspen Technology by 2.5% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 2,654 shares of the technology company’s stock valued at $527,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 45.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird raised their price target on Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $224.50.

Aspen Technology Stock Performance

AZPN stock opened at $226.10 on Tuesday. The stock has a market capitalization of $14.32 billion, a PE ratio of -513.86, a price-to-earnings-growth ratio of 2.63 and a beta of 0.75. The company has a fifty day moving average of $207.06 and a 200-day moving average of $205.20. Aspen Technology, Inc. has a one year low of $162.26 and a one year high of $235.10.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.49. The firm had revenue of $342.91 million during the quarter, compared to the consensus estimate of $319.10 million. Aspen Technology had a negative net margin of 0.87% and a positive return on equity of 2.96%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.87 earnings per share. Equities analysts forecast that Aspen Technology, Inc. will post 6.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Aspen Technology

In other news, Director Jr. Robert M. Whelan sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total transaction of $219,100.00. Following the transaction, the director now directly owns 8,540 shares of the company’s stock, valued at approximately $1,871,114. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

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.