New York State Common Retirement Fund Sells 1,001 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

New York State Common Retirement Fund decreased its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,465 shares of the technology company's stock after selling 1,001 shares during the quarter. New York State Common Retirement Fund's holdings in Aspen Technology were worth $3,611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of AZPN. Assenagon Asset Management S.A. boosted its holdings in Aspen Technology by 37,990.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company's stock worth $158,318,000 after purchasing an additional 632,545 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Aspen Technology by 5.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 582,682 shares of the technology company's stock valued at $139,156,000 after purchasing an additional 28,820 shares during the period. JPMorgan Chase & Co. raised its stake in Aspen Technology by 89.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company's stock valued at $86,799,000 after acquiring an additional 171,351 shares during the period. Stephens Investment Management Group LLC lifted its stake in shares of Aspen Technology by 0.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 251,257 shares of the technology company's stock valued at $60,005,000 after buying an additional 677 shares in the last quarter. Finally, American Capital Management Inc. grew its position in shares of Aspen Technology by 116.9% in the third quarter. American Capital Management Inc. now owns 195,271 shares of the technology company's stock valued at $46,635,000 after purchasing an additional 105,254 shares in the last quarter. 45.66% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com began coverage on shares of Aspen Technology in a research report on Wednesday, February 26th. They set a "hold" rating for the company. Robert W. Baird reaffirmed a "neutral" rating and issued a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Baird R W lowered shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 27th. Berenberg Bank cut Aspen Technology from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, Piper Sandler raised their target price on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Six 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, the company has an average rating of "Hold" and a consensus price target of $272.00.

Aspen Technology Trading Down 0.1 %

NASDAQ:AZPN traded down $0.26 during mid-day trading on Tuesday, reaching $264.75. The company's stock had a trading volume of 301,707 shares, compared to its average volume of 626,147. The stock has a market cap of $16.76 billion, a P/E ratio of 3,310.04, a PEG ratio of 3.00 and a beta of 0.76. The firm's fifty day moving average price is $258.49 and its two-hundred day moving average price is $245.01. 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 announced its earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. Analysts predict that Aspen Technology, Inc. will post 6.7 earnings per share 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.