Alpine Associates Management Inc. purchased a new position in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 59,700 shares of the technology company's stock, valued at approximately $14,903,000. Alpine Associates Management Inc. owned about 0.09% of Aspen Technology at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Aspen Technology in the fourth quarter worth about $26,000. Jones Financial Companies Lllp boosted its holdings in shares of Aspen Technology by 965.0% in the fourth quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company's stock worth $53,000 after buying an additional 193 shares during the last quarter. Blue Trust Inc. grew its position in Aspen Technology by 5,700.0% during the fourth quarter. Blue Trust Inc. now owns 232 shares of the technology company's stock valued at $58,000 after buying an additional 228 shares during the period. GAMMA Investing LLC grew its position in Aspen Technology by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company's stock valued at $63,000 after buying an additional 58 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Aspen Technology by 126.9% during 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 during the last quarter. Institutional investors own 45.66% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on AZPN shares. StockNews.com assumed coverage on Aspen Technology in a research note on Thursday, March 6th. They issued a "hold" rating for the company. 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. Piper Sandler lifted their price objective 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 raised shares of Aspen Technology from a "hold" rating to a "buy" rating and increased their target price for the stock from $265.00 to $315.00 in a report on Monday, February 10th. Finally, Baird R W cut shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 27th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $272.00.
Read Our Latest Stock Report on AZPN
Aspen Technology Stock Performance
Shares of NASDAQ:AZPN remained flat at $264.33 during trading on Thursday. The firm's 50 day moving average price is $260.52 and its two-hundred day moving average price is $247.22. The company has a market cap of $16.73 billion, a P/E ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a 52-week low of $171.25 and a 52-week high of $277.37.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $1.88 EPS 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%. Equities research analysts forecast that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.
Aspen Technology Profile
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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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