Swiss National Bank lowered its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,500 shares of the technology company's stock after selling 4,200 shares during the quarter. Swiss National Bank owned about 0.13% of Aspen Technology worth $20,095,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its position in Aspen Technology by 37,990.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company's stock worth $158,318,000 after purchasing an additional 632,545 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Aspen Technology during the 4th quarter worth approximately $66,680,000. JPMorgan Chase & Co. increased its position in Aspen Technology by 89.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company's stock worth $86,799,000 after purchasing an additional 171,351 shares in the last quarter. Amundi increased its position in Aspen Technology by 345.7% during the 4th quarter. Amundi now owns 142,897 shares of the technology company's stock worth $35,874,000 after purchasing an additional 110,838 shares in the last quarter. Finally, American Capital Management Inc. increased its position in Aspen Technology by 116.9% during the 3rd quarter. American Capital Management Inc. now owns 195,271 shares of the technology company's stock worth $46,635,000 after purchasing an additional 105,254 shares in the last quarter. Institutional investors and hedge funds own 45.66% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Baird R W cut Aspen Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, January 27th. Robert W. Baird restated a "neutral" rating and issued a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Piper Sandler upped their price target on Aspen Technology from $240.00 to $265.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Loop Capital upgraded Aspen Technology from a "hold" rating to a "buy" rating and upped their price target for the stock from $265.00 to $315.00 in a report on Monday, February 10th. Finally, StockNews.com assumed coverage on Aspen Technology in a report on Saturday. They issued a "hold" rating for the company. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $272.00.
Check Out Our Latest Report on AZPN
Aspen Technology Stock Performance
Shares of Aspen Technology stock remained flat at $264.33 on Friday. The company has a market cap of $16.73 billion, a price-to-earnings ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73. The firm's 50-day moving average price is $262.36 and its two-hundred day moving average price is $249.01. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $277.37.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. On average, analysts expect that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.
About Aspen Technology
(
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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