Aigen Investment Management LP Has $923,000 Stock Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Aigen Investment Management LP grew its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 144.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,699 shares of the technology company's stock after buying an additional 2,183 shares during the period. Aigen Investment Management LP's holdings in Aspen Technology were worth $923,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Aspen Technology by 89.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company's stock worth $86,799,000 after buying an additional 171,351 shares during the period. Brown Brothers Harriman & Co. increased its position in Aspen Technology by 31.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 166,352 shares of the technology company's stock worth $39,728,000 after buying an additional 39,396 shares during the period. Charles Schwab Investment Management Inc. increased its position in Aspen Technology by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 167,832 shares of the technology company's stock worth $40,082,000 after buying an additional 10,327 shares during the period. Citigroup Inc. increased its position in Aspen Technology by 15.9% during the 3rd quarter. Citigroup Inc. now owns 23,240 shares of the technology company's stock worth $5,550,000 after buying an additional 3,186 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Aspen Technology by 37,990.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company's stock worth $158,318,000 after purchasing an additional 632,545 shares during the period. Institutional investors own 45.66% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently commented on AZPN. Baird R W cut Aspen Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 27th. Loop Capital upgraded Aspen Technology from a "hold" rating to a "buy" rating and raised their price target for the stock from $265.00 to $315.00 in a research 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. StockNews.com began coverage on Aspen Technology in a research report on Thursday. They issued a "hold" rating on the stock. Finally, 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. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Aspen Technology currently has a consensus rating of "Hold" and a consensus target price of $272.00.

Aspen Technology Price Performance

NASDAQ:AZPN traded up $0.24 during trading hours on Friday, hitting $265.25. The company's stock had a trading volume of 673,308 shares, compared to its average volume of 631,907. The stock has a fifty day simple moving average of $259.62 and a 200-day simple moving average of $246.24. The company has a market capitalization of $16.79 billion, a P/E ratio of 3,316.04, a PEG ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $277.37.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. On average, equities analysts predict that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.

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.