Charles Schwab Investment Management Inc. Has $42.52 Million Stock Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Charles Schwab Investment Management Inc. grew its holdings in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,350 shares of the technology company's stock after acquiring an additional 2,518 shares during the period. Charles Schwab Investment Management Inc. owned 0.27% of Aspen Technology worth $42,524,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AZPN. Assenagon Asset Management S.A. grew its position in Aspen Technology by 37,990.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company's stock worth $158,318,000 after acquiring an additional 632,545 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Aspen Technology by 89.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company's stock worth $86,799,000 after buying an additional 171,351 shares during the period. American Capital Management Inc. boosted its holdings in shares of Aspen Technology by 116.9% during the 3rd 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 during the period. Point72 Asset Management L.P. bought a new stake in shares of Aspen Technology during the 3rd quarter worth $19,928,000. Finally, Paloma Partners Management Co bought a new stake in shares of Aspen Technology during the 3rd quarter worth $11,217,000. 45.66% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several analysts recently issued reports on AZPN shares. StockNews.com initiated coverage on shares of Aspen Technology in a report on Friday. They set a "hold" rating for the company. Loop Capital raised shares of 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 report on Monday, February 10th. Robert W. Baird reissued a "neutral" rating and issued a $265.00 price target (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Piper Sandler increased their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Finally, Baird R W downgraded shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $272.00.

Aspen Technology Stock Performance

NASDAQ AZPN remained flat at $264.33 on Tuesday. The company has a market capitalization of $16.73 billion, a PE ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73. The business has a 50 day moving average of $261.31 and a two-hundred day moving average of $248.36. Aspen Technology, Inc. has a 12-month low of $171.25 and a 12-month high of $277.37.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. As a group, research analysts forecast that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal 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.