Aspen Technology Inc /de/ (AZPN) Files Form 4 Insider Selling : Jr. Robert M. Whelan, Sells 4,041 Shares

Aspen Technology Inc /de/ (AZPN): Jr. Robert M. Whelan, , director of Aspen Technology Inc /de/ sold 4,041 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $37.63 per share for a total value of $152,056.36 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 26, 2015, Mark P. Sullivan (Executive VP & CFO) sold 7,812 shares at $36.89 per share price.On Jun 4, 2015, F G Hammond (Senior VP & General Counsel) sold 2,442 shares at $43.50 per share price.Also, On Jun 4, 2015, Antonio J Pietri (President & CEO) sold 1,068 shares at $43.25 per share price.On Jun 3, 2015, Manolis E Kotzabasakis (CTO and Executive VP of R&D) sold 24,878 shares at $43.18 per share price.

Shares of Aspen Technology (AZPN) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.04 points or -0.11% at $37.31 with 9,43,264 shares getting traded. Post opening the session at $37.09, the shares hit an intraday low of $36.7 and an intraday high of $37.61 and the price vacillated in this range throughout the day. The company has a market cap of $3,054 M and the number of outstanding shares has been calculated to be 8,18,67,428 shares. The 52-week high of Aspen Technology is $46.76 and the 52-week low is $29.2533.

Aspen Technology Money Flow Index Chart

Company has been under the radar of several Street Analysts.Aspen Technology is Resumed by JP Morgan to Underweight and the brokerage firm has set the Price Target at $36. The Rating was issued on Apr 29, 2016.

Aspen Technology Inc. is a global provider of process optimization software solutions which are 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. The Company has developed its applications to design and optimize processes across three principal business areas: engineering manufacturing and supply chain. The Company has three operating segments: license; software maintenance and support (SMS) training and other and professional services. The Company provides integrated process optimization software solutions designed and developed specifically for the process industries.

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