Robeco Institutional Asset Management B.V. Has $3.96 Million Stake in Aspen Technology, Inc. (NASDAQ:AZPN)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 20.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,566 shares of the technology company's stock after selling 4,133 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Aspen Technology were worth $3,956,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norden Group LLC grew its holdings in Aspen Technology by 53.1% during the 1st quarter. Norden Group LLC now owns 2,375 shares of the technology company's stock worth $507,000 after acquiring an additional 824 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Aspen Technology by 276.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 674 shares of the technology company's stock valued at $144,000 after acquiring an additional 495 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of Aspen Technology by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 24,472 shares of the technology company's stock worth $5,219,000 after acquiring an additional 260 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Aspen Technology by 3.7% in the first quarter. Empowered Funds LLC now owns 4,108 shares of the technology company's stock valued at $876,000 after purchasing an additional 146 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Aspen Technology in the 1st quarter valued at $211,000. Hedge funds and other institutional investors own 45.66% of the company's stock.

Insiders Place Their Bets

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,000 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total transaction of $219,100.00. Following the completion of the sale, the director now directly owns 8,540 shares of the company's stock, valued at approximately $1,871,114. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company's stock.

Aspen Technology Stock Down 0.4 %

Shares of AZPN traded down $0.97 during mid-day trading on Friday, reaching $245.00. The company's stock had a trading volume of 883,949 shares, compared to its average volume of 223,227. Aspen Technology, Inc. has a 1 year low of $162.26 and a 1 year high of $249.00. The company has a market cap of $15.50 billion, a price-to-earnings ratio of -422.41, a price-to-earnings-growth ratio of 2.77 and a beta of 0.76. The business has a fifty day moving average of $234.74 and a 200 day moving average of $214.01.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 negative net margin of 3.26% and a positive return on equity of 2.81%. The firm's quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share. On average, analysts predict that Aspen Technology, Inc. will post 6.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AZPN has been the subject of several analyst reports. Robert W. Baird boosted their price target on shares of Aspen Technology from $230.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Loop Capital lifted their price objective on Aspen Technology from $204.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Berenberg Bank lowered shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Thursday. Piper Sandler lifted their price objective on shares of Aspen Technology from $217.00 to $240.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Bank of America increased their target price on Aspen Technology from $225.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, September 18th. Four investment 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 company presently has a consensus rating of "Hold" and a consensus price target of $253.00.

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.