AGF Management Ltd. Has $2.54 Million Stock Position in Aspen Technology, Inc. (NASDAQ:AZPN)

AGF Management Ltd. decreased its holdings in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 28.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,170 shares of the technology company's stock after selling 3,976 shares during the period. AGF Management Ltd.'s holdings in Aspen Technology were worth $2,539,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in Aspen Technology by 28.5% during the third quarter. Van ECK Associates Corp now owns 698 shares of the technology company's stock worth $162,000 after acquiring an additional 155 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Aspen Technology by 16.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,187 shares of the technology company's stock worth $522,000 after purchasing an additional 303 shares in the last quarter. Aigen Investment Management LP bought a new position in Aspen Technology in the 3rd quarter valued at approximately $362,000. Victory Capital Management Inc. boosted its position in Aspen Technology by 10.4% in the third quarter. Victory Capital Management Inc. now owns 10,652 shares of the technology company's stock valued at $2,544,000 after buying an additional 1,000 shares in the last quarter. Finally, KBC Group NV boosted its position in Aspen Technology by 3.9% in the third quarter. KBC Group NV now owns 40,966 shares of the technology company's stock valued at $9,784,000 after buying an additional 1,535 shares in the last quarter. Institutional investors and hedge funds own 45.66% of the company's stock.

Remove Ads

Aspen Technology Price Performance

Shares of Aspen Technology stock remained flat at $264.33 during midday trading on Monday. The stock has a 50 day simple moving average of $261.08 and a 200 day simple moving average of $248.12. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $277.37. The company has a market capitalization of $16.73 billion, a P/E ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts expect that Aspen Technology, Inc. will post 6.7 EPS for the current year.

Analyst Ratings Changes

AZPN has been the subject of a number of research reports. Baird R W cut Aspen Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 27th. Piper Sandler increased their target price on Aspen Technology from $240.00 to $265.00 and gave the company 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 boosted their price target for the stock from $265.00 to $315.00 in a report on Monday, February 10th. Robert W. Baird reiterated a "neutral" rating and issued a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Finally, StockNews.com started coverage on shares of Aspen Technology in a report on Friday. They set a "hold" rating on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $272.00.

Aspen Technology Profile

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.