F G. Hammond Sells 3,311 Shares of Aspen Technology, Inc. (AZPN) Stock
Aspen Technology, Inc. (NASDAQ:AZPN) VP F G. Hammond sold 3,311 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $107.51, for a total transaction of $355,965.61. Following the sale, the vice president now directly owns 21,029 shares in the company, valued at approximately $2,260,827.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of NASDAQ AZPN opened at $107.68 on Friday. The company has a market capitalization of $7.70 billion, a PE ratio of 52.27, a PEG ratio of 4.11 and a beta of 1.14. Aspen Technology, Inc. has a 52-week low of $58.02 and a 52-week high of $109.05.
Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Wednesday, August 8th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. The firm had revenue of $125.96 million for the quarter, compared to the consensus estimate of $125.60 million. Aspen Technology had a net margin of 29.77% and a negative return on equity of 53.91%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. research analysts forecast that Aspen Technology, Inc. will post 2.6 EPS for the current year.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Aspen Technology from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research note on Tuesday. Wedbush boosted their price objective on shares of Aspen Technology from $80.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. Robert W. Baird boosted their price objective on shares of Aspen Technology from $90.00 to $114.00 and gave the stock an “outperform” rating in a research note on Thursday, August 9th. KeyCorp boosted their price objective on shares of Aspen Technology from $100.00 to $112.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. Finally, BidaskClub upgraded shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $94.25.
About Aspen Technology
Aspen Technology, Inc, together with its subsidiaries, provides software and services in the United States, Europe, and internationally. It 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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