Nichols & Pratt Advisers LLP MA Has $5.75 Million Stock Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Nichols & Pratt Advisers LLP MA lowered its position in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 22.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,036 shares of the technology company's stock after selling 6,740 shares during the quarter. Nichols & Pratt Advisers LLP MA's holdings in Aspen Technology were worth $5,750,000 at the end of the most recent quarter.

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

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Aspen Technology Stock Performance

Shares of NASDAQ:AZPN traded up $0.36 on Wednesday, hitting $264.96. The stock had a trading volume of 568,721 shares, compared to its average volume of 632,925. The company has a market capitalization of $16.77 billion, a price-to-earnings ratio of 3,312.41, a price-to-earnings-growth ratio of 3.00 and a beta of 0.76. The firm's 50 day moving average price is $258.76 and its 200-day moving average price is $245.39. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $277.37.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that Aspen Technology, Inc. will post 6.7 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on AZPN. Berenberg Bank cut shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Robert W. Baird reaffirmed a "neutral" rating and set a $265.00 target price (down previously from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. StockNews.com started coverage on shares of Aspen Technology in a report on Wednesday, February 26th. They issued a "hold" rating for the company. Piper Sandler boosted their price objective 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. Finally, Baird R W lowered Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $272.00.

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.