Impact Capital Partners LLC Takes $1.01 Million Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Impact Capital Partners LLC purchased a new stake in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,043 shares of the technology company's stock, valued at approximately $1,009,000.

A number of other hedge funds have also recently bought and sold shares of AZPN. SBI Securities Co. Ltd. acquired a new stake in shares of Aspen Technology in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its position in shares of Aspen Technology by 965.0% in the fourth quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company's stock valued at $53,000 after buying an additional 193 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Aspen Technology by 5,700.0% in the fourth quarter. Blue Trust Inc. now owns 232 shares of the technology company's stock valued at $58,000 after buying an additional 228 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Aspen Technology by 30.1% in the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company's stock valued at $63,000 after buying an additional 58 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of Aspen Technology by 75.9% in the fourth quarter. Tortoise Investment Management LLC now owns 255 shares of the technology company's stock valued at $64,000 after buying an additional 110 shares during the last quarter. 45.66% of the stock is currently owned by institutional investors.

Aspen Technology Price Performance

Aspen Technology stock remained flat at $264.33 during mid-day trading on Monday. The firm's fifty day moving average is $261.08 and its 200 day moving average is $248.12. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $277.37. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73.

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Aspen Technology (NASDAQ:AZPN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, topping 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 expect that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AZPN shares. Baird R W cut Aspen Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 27th. Robert W. Baird reissued a "neutral" rating and set a $265.00 price target (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Piper Sandler lifted their price target on Aspen Technology from $240.00 to $265.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. StockNews.com started coverage on Aspen Technology in a report on Friday. They set a "hold" rating for the company. Finally, Loop Capital raised Aspen Technology from a "hold" rating to a "buy" rating and lifted their price target for the stock from $265.00 to $315.00 in a report on Monday, February 10th. 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.