Atria Investments Inc cut its holdings in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 6.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,824 shares of the technology company's stock after selling 1,037 shares during the period. Atria Investments Inc's holdings in Aspen Technology were worth $3,950,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in AZPN. Charles Schwab Investment Management Inc. increased its holdings in shares of Aspen Technology by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 170,350 shares of the technology company's stock valued at $42,524,000 after purchasing an additional 2,518 shares during the period. SBI Securities Co. Ltd. acquired a new position in Aspen Technology during the fourth quarter worth about $26,000. Jones Financial Companies Lllp raised its position in Aspen Technology by 965.0% in the fourth quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company's stock worth $53,000 after acquiring an additional 193 shares in the last quarter. Bailard Inc. lifted its stake in Aspen Technology by 0.9% during the fourth quarter. Bailard Inc. now owns 4,541 shares of the technology company's stock valued at $1,134,000 after purchasing an additional 41 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Aspen Technology during the fourth quarter worth approximately $3,801,000. 45.66% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
AZPN has been the subject of a number of recent analyst reports. Loop Capital upgraded Aspen Technology from a "hold" rating to a "buy" rating and increased their price target for the company from $265.00 to $315.00 in a research report on Monday, February 10th. Robert W. Baird reaffirmed a "neutral" rating and set a $265.00 price objective (down from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. StockNews.com assumed coverage on Aspen Technology in a report on Thursday, March 6th. They set a "hold" rating for the company. Baird R W cut shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 27th. Finally, Piper Sandler increased their price objective on Aspen Technology from $240.00 to $265.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $272.00.
Read Our Latest Stock Analysis on AZPN
Aspen Technology Trading Up 0.0 %
Shares of NASDAQ:AZPN traded up $0.03 during mid-day trading on Tuesday, reaching $264.33. The stock had a trading volume of 4,235,642 shares, compared to its average volume of 766,961. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $277.37. The firm has a market cap of $16.73 billion, a PE ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. The firm has a 50 day simple moving average of $259.93 and a two-hundred day simple moving average of $246.76.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. On average, equities analysts anticipate that Aspen Technology, Inc. will post 6.7 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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