Barclays PLC Grows Stake in Aspen Technology, Inc. (NASDAQ:AZPN)

Barclays PLC raised its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 23.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,418 shares of the technology company's stock after acquiring an additional 15,176 shares during the period. Barclays PLC owned approximately 0.13% of Aspen Technology worth $18,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AZPN. Tortoise Investment Management LLC grew its position in Aspen Technology by 77.8% in the second quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company's stock worth $25,000 after acquiring an additional 56 shares in the last quarter. Crewe Advisors LLC boosted its holdings in shares of 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 purchasing an additional 119 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Aspen Technology during the 2nd quarter valued at approximately $37,000. Quent Capital LLC increased its position in shares of Aspen Technology by 364.9% during the 3rd quarter. Quent Capital LLC now owns 172 shares of the technology company's stock valued at $41,000 after purchasing an additional 135 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Aspen Technology during the 3rd quarter valued at $48,000. 45.66% of the stock is currently owned by institutional investors.

Aspen Technology Trading Down 0.9 %

Shares of NASDAQ AZPN traded down $2.17 during trading hours on Friday, reaching $248.80. The stock had a trading volume of 595,101 shares, compared to its average volume of 250,960. Aspen Technology, Inc. has a 52-week low of $171.25 and a 52-week high of $254.44. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of -428.97, a P/E/G ratio of 2.89 and a beta of 0.76. The business's fifty day moving average price is $243.53 and its two-hundred day moving average price is $221.36.

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

Analyst Ratings Changes

A number of research firms have weighed in on AZPN. Loop Capital boosted their price objective on shares of Aspen Technology from $204.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Piper Sandler upped their price target on shares of Aspen Technology from $217.00 to $240.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Bank of America raised their price objective on shares of Aspen Technology from $225.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, September 18th. Robert W. Baird upped their target price on Aspen Technology from $250.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Berenberg Bank downgraded Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $258.00.

Aspen Technology Company 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.