Fisher Asset Management LLC boosted its position in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 5.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 187,109 shares of the technology company's stock after acquiring an additional 10,325 shares during the period. Fisher Asset Management LLC owned about 0.30% of Aspen Technology worth $44,685,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its holdings in Aspen Technology by 77.8% in the second quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company's stock valued at $25,000 after buying an additional 56 shares during the last quarter. Mather Group LLC. grew its holdings in Aspen Technology by 2,600.0% in the 2nd quarter. Mather Group LLC. now owns 135 shares of the technology company's stock worth $29,000 after buying an additional 130 shares in the last quarter. Crewe Advisors LLC grew its holdings in Aspen Technology by 313.2% in the 2nd quarter. Crewe Advisors LLC now owns 157 shares of the technology company's stock worth $31,000 after buying an additional 119 shares in the last quarter. GAMMA Investing LLC grew its holdings in Aspen Technology by 65.7% in the 2nd quarter. GAMMA Investing LLC now owns 174 shares of the technology company's stock worth $35,000 after buying an additional 69 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Aspen Technology in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 45.66% of the company's stock.
Wall Street Analysts Forecast Growth
AZPN has been the subject of a number of recent analyst reports. Robert W. Baird increased their price objective on Aspen Technology from $230.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Loop Capital upped their target price on Aspen Technology from $204.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Berenberg Bank downgraded Aspen Technology from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Piper Sandler increased their price objective on Aspen Technology from $217.00 to $240.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Finally, StockNews.com assumed coverage on Aspen Technology in a research report on Friday, November 22nd. They set a "hold" rating for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $253.00.
Read Our Latest Stock Analysis on AZPN
Aspen Technology Price Performance
Shares of AZPN traded up $0.07 during mid-day trading on Wednesday, reaching $250.47. The company's stock had a trading volume of 79,876 shares, compared to its average volume of 237,281. The business has a fifty day moving average of $239.62 and a 200 day moving average of $218.34. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $254.04.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.54). The business had revenue of $215.90 million for the quarter, compared to analyst estimates of $265.04 million. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The company's revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 earnings per share. Equities analysts forecast that Aspen Technology, Inc. will post 6.68 EPS for the current fiscal year.
About Aspen Technology
(
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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