Machina Capital S.A.S. acquired a new position in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,081 shares of the technology company's stock, valued at approximately $519,000.
Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Aspen Technology during the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp boosted its position in Aspen Technology by 965.0% during the fourth quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company's stock worth $53,000 after purchasing an additional 193 shares in the last quarter. Blue Trust Inc. grew its holdings in Aspen Technology by 5,700.0% in the fourth quarter. Blue Trust Inc. now owns 232 shares of the technology company's stock valued at $58,000 after purchasing an additional 228 shares during the last quarter. GAMMA Investing LLC grew its holdings in Aspen Technology by 30.1% in the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company's stock valued at $63,000 after purchasing an additional 58 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Aspen Technology by 126.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 270 shares of the technology company's stock valued at $68,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 45.66% of the company's stock.
Wall Street Analyst Weigh In
AZPN has been the subject of several recent research reports. Robert W. Baird restated a "neutral" rating and set a $265.00 target price (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. StockNews.com assumed coverage on Aspen Technology in a report on Thursday, March 6th. They set a "hold" rating on the stock. Piper Sandler raised their price target on Aspen Technology from $240.00 to $265.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Loop Capital upgraded Aspen Technology from a "hold" rating to a "buy" rating and upped their price objective for the company from $265.00 to $315.00 in a research report on Monday, February 10th. Finally, Baird R W downgraded shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $272.00.
Check Out Our Latest Analysis on Aspen Technology
Aspen Technology Stock Performance
NASDAQ AZPN traded up $0.36 during trading hours on Wednesday, hitting $264.66. 4,245,000 shares of the company's stock were exchanged, compared to its average volume of 767,861. The business's 50 day moving average is $260.22 and its 200-day moving average is $247.09. Aspen Technology, Inc. has a 12-month low of $171.25 and a 12-month high of $277.37. The firm has a market capitalization of $16.76 billion, a P/E ratio of 3,308.71, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. As a group, equities research analysts anticipate that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.
About Aspen Technology
(
Free Report)
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.
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