Bamco Inc. NY Sells 51,452 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Bamco Inc. NY decreased its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 468,011 shares of the technology company's stock after selling 51,452 shares during the period. Bamco Inc. NY owned about 0.74% of Aspen Technology worth $111,770,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted 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 acquiring an additional 65,143 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Aspen Technology by 5.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 582,682 shares of the technology company's stock worth $139,156,000 after acquiring an additional 28,820 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in 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 buying an additional 153,897 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Aspen Technology by 26.5% during the second quarter. Dimensional Fund Advisors LP now owns 524,604 shares of the technology company's stock valued at $104,199,000 after acquiring an additional 109,783 shares during the period. Finally, Fiera Capital Corp boosted its stake in shares of Aspen Technology by 3.8% in the 2nd quarter. Fiera Capital Corp now owns 340,166 shares of the technology company's stock valued at $67,567,000 after purchasing an additional 12,500 shares during the last quarter. Institutional investors and hedge funds own 45.66% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Piper Sandler increased their price target on Aspen Technology from $217.00 to $240.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. StockNews.com assumed coverage on shares of Aspen Technology in a report on Saturday. They issued a "hold" rating for the company. Loop Capital lifted their target price on Aspen Technology from $204.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Berenberg Bank downgraded shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Bank of America upped their price objective on Aspen Technology from $225.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, September 18th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Aspen Technology has an average rating of "Hold" and a consensus price target of $253.00.

Aspen Technology Stock Down 0.6 %

Shares of NASDAQ AZPN traded down $1.49 during mid-day trading on Monday, reaching $248.51. 308,730 shares of the company were exchanged, compared to its average volume of 237,382. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $254.04. The stock has a market capitalization of $15.72 billion, a P/E ratio of -433.52, a P/E/G ratio of 2.85 and a beta of 0.76. The company's 50-day simple moving average is $240.40 and its 200-day simple moving average is $219.14.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $265.04 million. During the same quarter in the previous year, the company earned $0.96 EPS. The business's revenue for the quarter was down 13.4% on a year-over-year basis. As a group, equities research analysts expect that Aspen Technology, Inc. will post 6.68 EPS for the current year.

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.