Advisor OS LLC lowered its position in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 48.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,645 shares of the technology company's stock after selling 1,549 shares during the period. Advisor OS LLC's holdings in Aspen Technology were worth $411,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Aspen Technology by 2.0% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,250 shares of the technology company's stock valued at $3,807,000 after purchasing an additional 300 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Aspen Technology by 4.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,415 shares of the technology company's stock worth $353,000 after buying an additional 65 shares during the period. CIBC Asset Management Inc lifted its position in shares of Aspen Technology by 9.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,219 shares of the technology company's stock worth $554,000 after purchasing an additional 187 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Aspen Technology during the 4th quarter worth about $2,991,000. Finally, Blue Trust Inc. raised its position in shares of Aspen Technology by 5,700.0% during the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company's stock worth $58,000 after acquiring an additional 228 shares in the last quarter. 45.66% of the stock is currently owned by hedge funds and other institutional investors.
Aspen Technology Trading Down 0.1 %
AZPN traded down $0.25 during trading hours on Monday, hitting $265.00. The company's stock had a trading volume of 497,911 shares, compared to its average volume of 634,575. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $277.37. The firm has a market capitalization of $16.78 billion, a PE ratio of 3,312.91, a PEG ratio of 3.00 and a beta of 0.76. The company has a 50-day simple moving average of $258.18 and a 200 day simple moving average of $244.64.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
AZPN has been the subject of several research analyst reports. Berenberg Bank downgraded shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Piper Sandler upped their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Loop Capital upgraded Aspen Technology from a "hold" rating to a "buy" rating and upped their price target for the stock from $265.00 to $315.00 in a report on Monday, February 10th. Robert W. Baird restated a "neutral" rating and issued a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Finally, Baird R W lowered Aspen Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 27th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $272.00.
Read Our Latest Analysis on Aspen Technology
Aspen Technology Profile
(
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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