Dakota Wealth Management Takes Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Dakota Wealth Management acquired a new stake in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,051 shares of the technology company's stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quent Capital LLC lifted its position in shares of Aspen Technology by 364.9% in the 3rd quarter. Quent Capital LLC now owns 172 shares of the technology company's stock worth $41,000 after acquiring an additional 135 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Aspen Technology in the third quarter valued at $48,000. GAMMA Investing LLC lifted its position in Aspen Technology by 30.1% in the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company's stock worth $63,000 after purchasing an additional 58 shares during the period. Anchor Investment Management LLC acquired a new stake in Aspen Technology during the third quarter worth $77,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Aspen Technology in the 3rd quarter valued at $116,000. Institutional investors and hedge funds own 45.66% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Robert W. Baird reiterated a "neutral" rating and issued a $265.00 price objective (down from $275.00) on shares of Aspen Technology in a research note on Monday. StockNews.com began coverage on Aspen Technology in a report on Saturday. They set a "hold" rating for the company. Berenberg Bank lowered shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Piper Sandler increased their target price on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a "neutral" rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $261.00.

Aspen Technology Trading Up 3.3 %

Shares of Aspen Technology stock traded up $8.34 during trading on Monday, reaching $263.50. The company's stock had a trading volume of 2,979,412 shares, compared to its average volume of 585,457. The stock has a 50-day moving average price of $250.59 and a two-hundred day moving average price of $232.27. The stock has a market capitalization of $16.67 billion, a P/E ratio of -454.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.76. Aspen Technology, Inc. has a one year low of $171.25 and a one year high of $263.96.

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). The company had revenue of $215.90 million for the quarter, compared to analyst estimates of $265.04 million. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. Aspen Technology's revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share. As a group, sell-side analysts anticipate that Aspen Technology, Inc. will post 6.68 EPS for the current fiscal 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.