American Capital Management Inc. Purchases 105,254 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

American Capital Management Inc. boosted its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 116.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 195,271 shares of the technology company's stock after acquiring an additional 105,254 shares during the period. Aspen Technology accounts for about 1.5% of American Capital Management Inc.'s investment portfolio, making the stock its 27th largest position. American Capital Management Inc. owned about 0.31% of Aspen Technology worth $46,635,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AZPN. B. Riley Wealth Advisors Inc. raised its position in shares of Aspen Technology by 89.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,114 shares of the technology company's stock valued at $432,000 after purchasing an additional 998 shares during the period. Tidal Investments LLC lifted its position in shares of Aspen Technology by 53.4% in the first quarter. Tidal Investments LLC now owns 1,691 shares of the technology company's stock valued at $361,000 after acquiring an additional 589 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Aspen Technology in the first quarter worth about $262,000. DekaBank Deutsche Girozentrale grew its position in shares of Aspen Technology by 1,034.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 38,445 shares of the technology company's stock worth $7,895,000 after purchasing an additional 35,056 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Aspen Technology by 65.7% during the 2nd quarter. GAMMA Investing LLC now owns 174 shares of the technology company's stock valued at $35,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 45.66% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AZPN. Berenberg Bank lowered shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. StockNews.com began coverage on shares of Aspen Technology in a research note on Saturday. They set a "hold" rating for the company. Piper Sandler boosted their price target on shares of Aspen Technology from $217.00 to $240.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Bank of America raised their price objective on Aspen Technology from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday, September 18th. Finally, Robert W. Baird boosted their target price on Aspen Technology from $230.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $253.00.

Aspen Technology Price Performance

AZPN stock remained flat at $250.00 during trading on Friday. 133,411 shares of the company's stock traded hands, compared to its average volume of 602,349. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $254.04. The firm has a market capitalization of $15.81 billion, a PE ratio of -431.03, a price-to-earnings-growth ratio of 2.85 and a beta of 0.76. The firm has a 50 day simple moving average of $240.40 and a two-hundred day simple moving average of $219.14.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.54). Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The business had revenue of $215.90 million during the quarter, compared to the consensus estimate of $265.04 million. During the same period in the previous year, the business posted $0.96 EPS. The firm's revenue was down 13.4% on a year-over-year basis. As a group, analysts expect that Aspen Technology, Inc. will post 6.68 earnings per share for the current 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.