Capstone Investment Advisors LLC purchased a new position in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,090 shares of the technology company's stock, valued at approximately $977,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Commerce Bank lifted its stake in shares of Aspen Technology by 3.1% in the third quarter. Commerce Bank now owns 1,550 shares of the technology company's stock worth $370,000 after buying an additional 47 shares in the last quarter. US Bancorp DE boosted its stake in Aspen Technology by 0.4% during the 3rd quarter. US Bancorp DE now owns 13,695 shares of the technology company's stock valued at $3,271,000 after purchasing an additional 50 shares during the last quarter. LRI Investments LLC increased its holdings in shares of Aspen Technology by 6.7% in the 2nd quarter. LRI Investments LLC now owns 862 shares of the technology company's stock worth $171,000 after purchasing an additional 54 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Aspen Technology by 1.8% in the third quarter. State of Alaska Department of Revenue now owns 3,084 shares of the technology company's stock worth $736,000 after purchasing an additional 55 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Aspen Technology by 77.8% during the second quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company's stock valued at $25,000 after purchasing an additional 56 shares in the last quarter. 45.66% of the stock is currently owned by hedge funds and other institutional investors.
Aspen Technology Stock Performance
NASDAQ AZPN remained flat at $250.00 on Friday. The company had a trading volume of 133,408 shares, compared to its average volume of 237,248. The business has a 50-day simple moving average of $240.11 and a 200 day simple moving average of $218.78. Aspen Technology, Inc. has a 12 month low of $171.25 and a 12 month high of $254.04.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last issued its earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.54). The firm had revenue of $215.90 million during the quarter, compared to the consensus estimate of $265.04 million. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The company's quarterly revenue was down 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. On average, sell-side analysts forecast that Aspen Technology, Inc. will post 6.68 EPS for the current year.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Piper Sandler raised their price target on shares of Aspen Technology from $217.00 to $240.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Robert W. Baird boosted their target price on shares of Aspen Technology from $230.00 to $250.00 and gave the company an "outperform" rating in a research note on Wednesday, August 7th. Bank of America increased their price target on Aspen Technology from $225.00 to $260.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Berenberg Bank lowered Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Loop Capital increased their price objective on shares of Aspen Technology from $204.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $253.00.
Check Out Our Latest Report on Aspen Technology
Aspen Technology Profile
(
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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