Vontobel Holding Ltd. Invests $14.32 Million in Aspen Technology, Inc. (NASDAQ:AZPN)

Vontobel Holding Ltd. acquired a new position in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 59,971 shares of the technology company's stock, valued at approximately $14,322,000. Vontobel Holding Ltd. owned 0.09% of Aspen Technology as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Aspen Technology by 7.9% during the 4th quarter. Wellington Management Group LLP now owns 612,024 shares of the technology company's stock valued at $134,737,000 after purchasing an additional 44,824 shares during the last quarter. Alaska Permanent Fund Corp lifted its holdings in Aspen Technology by 5.9% during the 1st quarter. Alaska Permanent Fund Corp now owns 14,232 shares of the technology company's stock valued at $3,035,000 after purchasing an additional 798 shares during the last quarter. MJP Associates Inc. ADV lifted its holdings in Aspen Technology by 20.9% during the 1st quarter. MJP Associates Inc. ADV now owns 1,349 shares of the technology company's stock valued at $288,000 after purchasing an additional 233 shares during the last quarter. Steph & Co. lifted its holdings in Aspen Technology by 87.9% during the 1st quarter. Steph & Co. now owns 791 shares of the technology company's stock valued at $169,000 after purchasing an additional 370 shares during the last quarter. Finally, Wallace Advisory Group LLC lifted its holdings in Aspen Technology by 14.4% during the 1st quarter. Wallace Advisory Group LLC now owns 1,250 shares of the technology company's stock valued at $275,000 after purchasing an additional 157 shares during the last quarter. 45.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total transaction of $219,100.00. Following the completion of the sale, the director now directly owns 8,540 shares of the company's stock, valued at $1,871,114. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

Aspen Technology Price Performance

Shares of AZPN stock traded down $0.61 during trading hours on Thursday, reaching $236.92. 84,644 shares of the company were exchanged, compared to its average volume of 205,962. Aspen Technology, Inc. has a fifty-two week low of $162.26 and a fifty-two week high of $240.82. The stock's fifty day moving average is $227.61 and its two-hundred day moving average is $210.57. The company has a market cap of $15.00 billion, a price-to-earnings ratio of -538.45, a P/E/G ratio of 2.75 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported $2.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.88 by $0.49. The business had revenue of $342.91 million during the quarter, compared to the consensus estimate of $319.10 million. Aspen Technology had a negative net margin of 0.87% and a positive return on equity of 2.96%. Aspen Technology's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.87 earnings per share. On average, research analysts anticipate that Aspen Technology, Inc. will post 6.53 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Aspen Technology from $225.00 to $260.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Robert W. Baird upped their target price on shares of Aspen Technology from $230.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Loop Capital upped their target price on shares of Aspen Technology from $204.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Finally, Piper Sandler upped their target price on shares of Aspen Technology from $200.00 to $217.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $248.40.

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.