1,700 Shares in Aspen Technology, Inc. (NASDAQ:AZPN) Acquired by Avanza Fonder AB

Avanza Fonder AB acquired a new stake in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,700 shares of the technology company's stock, valued at approximately $424,000.

Several other large investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in Aspen Technology by 37,990.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company's stock worth $158,318,000 after purchasing an additional 632,545 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Aspen Technology by 89.2% during the third quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company's stock worth $86,799,000 after purchasing an additional 171,351 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Aspen Technology in the third quarter valued at approximately $290,880,000. Dimensional Fund Advisors LP boosted its stake in shares of Aspen Technology by 26.5% in the second quarter. Dimensional Fund Advisors LP now owns 524,604 shares of the technology company's stock valued at $104,199,000 after buying an additional 109,783 shares during the period. Finally, American Capital Management Inc. grew its position in Aspen Technology by 116.9% during the third quarter. American Capital Management Inc. now owns 195,271 shares of the technology company's stock worth $46,635,000 after buying an additional 105,254 shares in the last quarter. 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. Piper Sandler upped their target price on Aspen Technology from $217.00 to $240.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Berenberg Bank lowered shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. StockNews.com started coverage on shares of Aspen Technology in a report on Friday. They set a "hold" rating for the company. Finally, Robert W. Baird lifted their price objective on shares of Aspen Technology from $250.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $258.00.

Aspen Technology Stock Up 0.2 %

Shares of NASDAQ:AZPN traded up $0.56 during trading on Monday, hitting $251.52. 193,724 shares of the company were exchanged, compared to its average volume of 373,667. Aspen Technology, Inc. has a 1-year low of $171.25 and a 1-year high of $254.44. The company has a market capitalization of $15.91 billion, a P/E ratio of -433.66, a price-to-earnings-growth ratio of 2.84 and a beta of 0.76. The business's 50 day moving average is $249.82 and its 200-day moving average is $230.50.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $215.90 million for the quarter, compared to analyst estimates of $265.04 million. Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The business's revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 earnings per share. As a group, sell-side analysts anticipate that Aspen Technology, Inc. will post 6.68 earnings per share for the current year.

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.