Point72 DIFC Ltd bought a new stake in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,169 shares of the technology company's stock, valued at approximately $518,000.
Several other large investors have also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Aspen Technology by 1.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,090,314 shares of the technology company's stock worth $812,459,000 after buying an additional 65,143 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 valued at $139,156,000 after acquiring an additional 28,820 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Aspen Technology by 38.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 553,862 shares of the technology company's stock valued at $110,014,000 after acquiring an additional 153,897 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Aspen Technology by 26.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 524,604 shares of the technology company's stock valued at $104,199,000 after purchasing an additional 109,783 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in shares of Aspen Technology by 3.8% in the 2nd quarter. Fiera Capital Corp now owns 340,166 shares of the technology company's stock worth $67,567,000 after purchasing an additional 12,500 shares during the last quarter. 45.66% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
AZPN has been the subject of several recent research reports. Piper Sandler increased their target price on shares of Aspen Technology from $217.00 to $240.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. StockNews.com began coverage on Aspen Technology in a report on Saturday, November 30th. They issued a "hold" rating on the stock. Berenberg Bank lowered Aspen Technology from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Bank of America increased their price target on Aspen Technology from $225.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday, September 18th. Finally, Loop Capital raised their target price on shares of Aspen Technology from $204.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $253.00.
View Our Latest Stock Analysis on Aspen Technology
Aspen Technology Stock Up 0.6 %
Aspen Technology stock traded up $1.50 during mid-day trading on Friday, hitting $251.43. The company's stock had a trading volume of 558,993 shares, compared to its average volume of 510,064. Aspen Technology, Inc. has a 52-week low of $171.25 and a 52-week high of $254.04. The firm's 50 day moving average is $242.00 and its 200 day moving average is $220.20.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last released its earnings results 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 company had revenue of $215.90 million for the quarter, compared to analyst estimates of $265.04 million. Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The firm's revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 EPS. As a group, analysts expect that Aspen Technology, Inc. will post 6.68 EPS for the current fiscal year.
Aspen Technology Company Profile
(
Free Report)
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.
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