Raymond James Financial Inc. bought a new position in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 267,115 shares of the technology company's stock, valued at approximately $66,680,000. Raymond James Financial Inc. owned 0.42% of Aspen Technology at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bailard Inc. raised its position in shares of Aspen Technology by 0.9% in the 4th quarter. Bailard Inc. now owns 4,541 shares of the technology company's stock valued at $1,134,000 after buying an additional 41 shares in the last quarter. Commerce Bank increased its stake in Aspen Technology by 3.1% in the third quarter. Commerce Bank now owns 1,550 shares of the technology company's stock valued at $370,000 after acquiring an additional 47 shares during the last quarter. Heritage Family Offices LLP raised its position in Aspen Technology by 2.8% during the fourth quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company's stock valued at $431,000 after purchasing an additional 47 shares in the last quarter. GAMMA Investing LLC lifted its stake 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 purchasing an additional 58 shares during the last quarter. Finally, Kolinsky Wealth Management LLC boosted its holdings in shares of Aspen Technology by 4.7% in the 3rd quarter. Kolinsky Wealth Management LLC now owns 1,329 shares of the technology company's stock valued at $317,000 after purchasing an additional 60 shares in the last quarter. 45.66% of the stock is currently owned by institutional investors and hedge funds.
Aspen Technology Price Performance
Shares of Aspen Technology stock remained flat at $264.33 during trading hours on Friday. The firm has a market cap of $16.73 billion, a price-to-earnings ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. The stock has a fifty day moving average of $260.81 and a two-hundred day moving average of $247.34. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $277.37.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) 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%. On average, equities research analysts predict 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 issued reports on AZPN shares. Loop Capital upgraded Aspen Technology from a "hold" rating to a "buy" rating and lifted their target price for the company from $265.00 to $315.00 in a research report on Monday, February 10th. Baird R W downgraded shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 27th. StockNews.com assumed coverage on shares of Aspen Technology in a research note on Friday. They set a "hold" rating on the stock. Robert W. Baird reissued a "neutral" rating and set a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Finally, Piper Sandler upped their target price on Aspen Technology from $240.00 to $265.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Aspen Technology currently has a consensus rating of "Hold" and a consensus price target of $272.00.
Get Our Latest Analysis on AZPN
Aspen Technology 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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