Proficio Capital Partners LLC purchased a new stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 15,227 shares of the technology company's stock, valued at approximately $3,801,000.
Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Aspen Technology by 5,700.0% in the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company's stock worth $58,000 after acquiring an additional 228 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Aspen Technology by 30.1% in the 4th 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. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Aspen Technology by 126.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 270 shares of the technology company's stock worth $68,000 after acquiring an additional 151 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of Aspen Technology during the third quarter valued at $77,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Aspen Technology during the third quarter valued at $116,000. 45.66% of the stock is currently owned by institutional investors and hedge funds.
Aspen Technology Price Performance
AZPN traded up $0.24 during trading on Friday, reaching $265.25. 673,308 shares of the stock traded hands, compared to its average volume of 631,907. The stock has a market cap of $16.79 billion, a price-to-earnings ratio of 3,316.04, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $277.37. The stock's 50-day simple moving average is $259.62 and its two-hundred day simple moving average is $246.02.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. Research analysts anticipate that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on AZPN shares. Loop Capital upgraded Aspen Technology from a "hold" rating to a "buy" rating and lifted their price target for the company from $265.00 to $315.00 in a report on Monday, February 10th. StockNews.com started coverage on Aspen Technology in a report on Thursday. They set a "hold" rating on the stock. Baird R W downgraded Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 27th. Piper Sandler lifted their price target on Aspen Technology from $240.00 to $265.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Aspen Technology presently has a consensus rating of "Hold" and an average target price of $272.00.
Read Our Latest Stock Report on Aspen Technology
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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