Aspen Technology, Inc. (NASDAQ:AZPN) Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP grew its holdings in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 78.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,410 shares of the technology company's stock after acquiring an additional 5,908 shares during the period. Mirabella Financial Services LLP's holdings in Aspen Technology were worth $3,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AZPN. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Aspen Technology by 38.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 553,862 shares of the technology company's stock worth $110,014,000 after acquiring an additional 153,897 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Aspen Technology in the third quarter valued at approximately $290,880,000. Dimensional Fund Advisors LP increased its holdings in Aspen Technology by 26.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 524,604 shares of the technology company's stock worth $104,199,000 after purchasing an additional 109,783 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Aspen Technology by 1.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,090,314 shares of the technology company's stock worth $812,459,000 after buying an additional 65,143 shares during the period. Finally, Vontobel Holding Ltd. bought a new position in shares of Aspen Technology during the 3rd quarter worth $14,322,000. 45.66% of the stock is currently owned by institutional investors.

Aspen Technology Stock Performance

AZPN traded up $0.09 during trading on Monday, hitting $250.94. The stock had a trading volume of 775,634 shares, compared to its average volume of 236,629. The stock has a 50 day simple moving average of $238.78 and a two-hundred day simple moving average of $217.74. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $251.44. The company has a market capitalization of $15.87 billion, a PE ratio of -432.50, a PEG ratio of 2.86 and a beta of 0.76.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on AZPN shares. Loop Capital lifted their price objective on Aspen Technology from $204.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Bank of America boosted their price target on shares of Aspen Technology from $225.00 to $260.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Robert W. Baird increased their price objective on shares of Aspen Technology from $230.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. Berenberg Bank downgraded shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, StockNews.com started coverage on Aspen Technology in a report on Friday. They set a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Aspen Technology presently has a consensus rating of "Hold" and an average price target of $253.00.

Insider Activity

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the company's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total value of $219,100.00. Following the transaction, the director now directly owns 8,540 shares of the company's stock, valued at $1,871,114. This represents a 10.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company's stock.

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.