Callan Family Office LLC Buys Shares of 1,832 Aspen Technology, Inc. (NASDAQ:AZPN)

Callan Family Office LLC bought a new stake in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,832 shares of the technology company's stock, valued at approximately $457,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in shares of 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 valued at $158,318,000 after acquiring an additional 632,545 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in 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 valued at $139,156,000 after purchasing an additional 28,820 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Aspen Technology by 89.2% in the third quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company's stock valued at $86,799,000 after purchasing an additional 171,351 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Aspen Technology during the 4th quarter worth approximately $66,680,000. Finally, American Capital Management Inc. boosted its holdings in shares of Aspen Technology by 116.9% in the 3rd quarter. American Capital Management Inc. now owns 195,271 shares of the technology company's stock valued at $46,635,000 after buying an additional 105,254 shares during the last quarter. 45.66% of the stock is currently owned by institutional investors and hedge funds.

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Aspen Technology Price Performance

Shares of NASDAQ:AZPN remained flat at $264.33 during midday trading on Thursday. The stock has a market cap of $16.73 billion, a PE ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73. The stock's 50-day simple moving average is $260.52 and its 200-day simple moving average is $247.22. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $277.37.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last released 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 predict that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on AZPN shares. 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. Loop Capital raised Aspen Technology from a "hold" rating to a "buy" rating and boosted their price target for the stock from $265.00 to $315.00 in a research report on Monday, February 10th. Robert W. Baird reaffirmed a "neutral" rating and issued a $265.00 price objective (down from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Piper Sandler increased their price target on Aspen Technology from $240.00 to $265.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Finally, StockNews.com assumed coverage on shares of Aspen Technology in a report on Thursday, March 6th. They issued a "hold" rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Aspen Technology presently has an average rating of "Hold" and an average target price of $272.00.

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.