BB&T Corp Has $1.39 Million Position in Aspen Technology, Inc. (AZPN)
BB&T Corp reduced its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,177 shares of the technology company’s stock after selling 814 shares during the quarter. BB&T Corp’s holdings in Aspen Technology were worth $1,392,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Koch Industries Inc. lifted its stake in shares of Aspen Technology by 8,875.5% during the 2nd quarter. Koch Industries Inc. now owns 1,184,948 shares of the technology company’s stock worth $1,164,000 after purchasing an additional 1,171,746 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Aspen Technology by 354.1% during the 2nd quarter. Jennison Associates LLC now owns 31,854 shares of the technology company’s stock worth $1,760,000 after purchasing an additional 24,839 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Aspen Technology during the 1st quarter worth $314,000. Credit Suisse AG lifted its stake in shares of Aspen Technology by 37.2% during the 1st quarter. Credit Suisse AG now owns 109,284 shares of the technology company’s stock worth $6,439,000 after purchasing an additional 29,605 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Aspen Technology by 444.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,636 shares of the technology company’s stock worth $532,000 after purchasing an additional 7,865 shares during the last quarter.
A number of brokerages recently weighed in on AZPN. Canaccord Genuity upped their price objective on Aspen Technology from $62.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday. Robert W. Baird set a $63.00 price objective on Aspen Technology and gave the stock a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research cut Aspen Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Berenberg Bank began coverage on Aspen Technology in a research note on Wednesday, August 23rd. They set a “buy” rating and a $70.00 price objective for the company. Finally, BidaskClub upgraded Aspen Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $61.88.
In other Aspen Technology news, VP F G. Hammond sold 3,388 shares of Aspen Technology stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $60.60, for a total transaction of $205,312.80. Following the completion of the sale, the vice president now directly owns 20,733 shares of the company’s stock, valued at approximately $1,256,419.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karl E. Johnsen sold 1,969 shares of Aspen Technology stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $59.14, for a total value of $116,446.66. Following the sale, the insider now directly owns 28,530 shares of the company’s stock, valued at $1,687,264.20. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.
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Aspen Technology, Inc. (AZPN) opened at 64.19 on Tuesday. Aspen Technology, Inc. has a 12 month low of $47.82 and a 12 month high of $68.32. The company’s 50-day moving average price is $64.45 and its 200 day moving average price is $60.19. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 30.42 and a beta of 1.24.
Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. The company had revenue of $122.80 million during the quarter, compared to the consensus estimate of $121.73 million. Aspen Technology had a negative return on equity of 66.74% and a net margin of 33.35%. Aspen Technology’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS. Analysts predict that Aspen Technology, Inc. will post $2.01 EPS for the current year.
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.
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