Amundi Acquires 110,838 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Amundi lifted its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 345.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 142,897 shares of the technology company's stock after acquiring an additional 110,838 shares during the period. Amundi owned approximately 0.23% of Aspen Technology worth $35,874,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Machina Capital S.A.S. bought a new position in shares of Aspen Technology during the 4th quarter worth about $519,000. Callan Family Office LLC acquired a new stake in shares of Aspen Technology during the 4th quarter worth about $457,000. Vestmark Advisory Solutions Inc. increased its position in shares of Aspen Technology by 2.4% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 27,292 shares of the technology company's stock worth $6,813,000 after purchasing an additional 643 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Aspen Technology during the 4th quarter worth about $66,680,000. Finally, Arizona State Retirement System increased its position in shares of Aspen Technology by 1.2% during the 4th quarter. Arizona State Retirement System now owns 8,259 shares of the technology company's stock worth $2,062,000 after purchasing an additional 94 shares in the last quarter. 45.66% of the stock is owned by institutional investors.

Aspen Technology Price Performance

Shares of NASDAQ:AZPN remained flat at $264.33 during midday trading on Friday. Aspen Technology, Inc. has a 1-year low of $171.25 and a 1-year high of $277.37. The company has a market capitalization 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. The business's 50-day moving average is $261.08 and its 200 day moving average is $247.92.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AZPN shares. Baird R W cut shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 27th. Robert W. Baird reissued a "neutral" rating and issued a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. StockNews.com began coverage on Aspen Technology in a report on Friday. They set a "hold" rating on the stock. Piper Sandler increased 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. Finally, Loop Capital upgraded Aspen Technology from a "hold" rating to a "buy" rating and increased their price objective for the company from $265.00 to $315.00 in a research report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Aspen Technology presently has a consensus rating of "Hold" and an average target price 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.