Raymond James & Associates Has $67.34 Million Stock Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Raymond James & Associates grew its holdings in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 5.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 281,961 shares of the technology company's stock after purchasing an additional 15,744 shares during the period. Raymond James & Associates owned about 0.45% of Aspen Technology worth $67,338,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC lifted its position in Aspen Technology by 77.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company's stock worth $25,000 after buying an additional 56 shares in the last quarter. Mather Group LLC. raised its holdings in Aspen Technology by 2,600.0% during the second quarter. Mather Group LLC. now owns 135 shares of the technology company's stock worth $29,000 after acquiring an additional 130 shares in the last quarter. Crewe Advisors LLC raised its holdings in Aspen Technology by 313.2% during the second quarter. Crewe Advisors LLC now owns 157 shares of the technology company's stock worth $31,000 after acquiring an additional 119 shares in the last quarter. GAMMA Investing LLC boosted its position in Aspen Technology by 65.7% during the second quarter. GAMMA Investing LLC now owns 174 shares of the technology company's stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Aspen Technology in the second quarter valued at approximately $37,000. Institutional investors own 45.66% of the company's stock.

Aspen Technology Price Performance

AZPN stock traded down $0.24 during midday trading on Tuesday, reaching $237.25. 141,976 shares of the company were exchanged, compared to its average volume of 204,485. Aspen Technology, Inc. has a one year low of $162.26 and a one year high of $240.82. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of -539.20, a price-to-earnings-growth ratio of 2.75 and a beta of 0.76. The business has a 50-day moving average price of $229.21 and a two-hundred day moving average price of $211.00.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.49. The firm 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%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $1.87 earnings per share. As a group, analysts anticipate that Aspen Technology, Inc. will post 6.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at Aspen Technology

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,000 shares of the firm's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total transaction of $219,100.00. Following the transaction, the director now owns 8,540 shares in the company, valued at $1,871,114. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company's stock.

About Aspen Technology

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.