US Bancorp DE reduced its position in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,698 shares of the technology company's stock after selling 997 shares during the period. US Bancorp DE's holdings in Aspen Technology were worth $3,170,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Aspen Technology during the 4th quarter valued at approximately $3,801,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Aspen Technology by 2.0% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,250 shares of the technology company's stock valued at $3,807,000 after purchasing an additional 300 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Aspen Technology by 4.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,415 shares of the technology company's stock worth $353,000 after buying an additional 65 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Aspen Technology by 9.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,219 shares of the technology company's stock valued at $554,000 after buying an additional 187 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of Aspen Technology in the 4th quarter valued at about $2,991,000. 45.66% of the stock is owned by institutional investors.
Analysts Set New Price Targets
AZPN has been the topic of several analyst reports. StockNews.com began coverage on Aspen Technology in a research report on Thursday. They set a "hold" rating on the stock. Baird R W downgraded shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 27th. Piper Sandler raised their price objective on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Robert W. Baird reaffirmed a "neutral" rating and set a $265.00 target price (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Finally, Loop Capital raised Aspen Technology from a "hold" rating to a "buy" rating and raised their price target for the stock from $265.00 to $315.00 in a research note on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Aspen Technology has a consensus rating of "Hold" and a consensus price target of $272.00.
View Our Latest Stock Report on Aspen Technology
Aspen Technology Stock Performance
AZPN traded down $0.95 during trading on Monday, hitting $264.30. The stock had a trading volume of 3,272,488 shares, compared to its average volume of 690,593. The stock has a 50 day simple moving average of $259.62 and a two-hundred day simple moving average of $246.43. The company has a market capitalization of $16.73 billion, a PE ratio of 3,304.16, a PEG ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $277.37.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share 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%. On average, equities research analysts anticipate that Aspen Technology, Inc. will post 6.7 EPS for the current 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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