Nordea Investment Management AB Has $220.36 Million Stock Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Nordea Investment Management AB cut its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 882,192 shares of the technology company's stock after selling 34,924 shares during the period. Nordea Investment Management AB owned 1.39% of Aspen Technology worth $220,363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AZPN. Quent Capital LLC raised its position in shares of Aspen Technology by 364.9% in the third quarter. Quent Capital LLC now owns 172 shares of the technology company's stock valued at $41,000 after purchasing an additional 135 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Aspen Technology in the 3rd quarter valued at about $48,000. GAMMA Investing LLC lifted its position in Aspen Technology by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company's stock worth $63,000 after acquiring an additional 58 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Aspen Technology by 71.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 386 shares of the technology company's stock worth $77,000 after acquiring an additional 161 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new stake in shares of Aspen Technology during the third quarter worth approximately $77,000. 45.66% of the stock is owned by institutional investors.

Aspen Technology Stock Up 0.1 %

Shares of AZPN traded up $0.18 during trading hours on Tuesday, hitting $253.08. 341,373 shares of the company were exchanged, compared to its average volume of 369,868. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $254.44. The company has a market cap of $16.01 billion, a price-to-earnings ratio of -436.34, a P/E/G ratio of 2.89 and a beta of 0.76. The firm's fifty day moving average is $248.16 and its 200 day moving average is $227.13.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.54). The firm had revenue of $215.90 million for the quarter, compared to analyst estimates of $265.04 million. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The company's quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 earnings per share. Analysts anticipate that Aspen Technology, Inc. will post 6.68 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com started coverage on Aspen Technology in a research note on Wednesday, January 1st. They set a "hold" rating on the stock. Piper Sandler increased their price objective on Aspen Technology from $217.00 to $240.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Berenberg Bank cut shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Loop Capital raised their price target 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, Bank of America lifted their price objective on shares of Aspen Technology from $225.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, September 18th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $258.00.

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.