UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 48,554 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 16.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 251,413 shares of the technology company's stock after selling 48,554 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.40% of Aspen Technology worth $60,042,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its stake in shares of Aspen Technology by 77.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company's stock valued at $25,000 after purchasing an additional 56 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Aspen Technology by 2,600.0% during the second quarter. Mather Group LLC. now owns 135 shares of the technology company's stock worth $29,000 after buying an additional 130 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of Aspen Technology by 313.2% in the second quarter. Crewe Advisors LLC now owns 157 shares of the technology company's stock valued at $31,000 after acquiring an additional 119 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Aspen Technology by 65.7% in the 2nd quarter. GAMMA Investing LLC now owns 174 shares of the technology company's stock worth $35,000 after acquiring an additional 69 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Aspen Technology during the 2nd quarter worth approximately $37,000. Institutional investors own 45.66% of the company's stock.

Aspen Technology Stock Performance

Shares of AZPN stock traded up $0.25 during trading on Tuesday, reaching $248.59. The company's stock had a trading volume of 712,830 shares, compared to its average volume of 626,887. Aspen Technology, Inc. has a one year low of $171.25 and a one year high of $254.04. The business has a fifty day moving average price of $240.69 and a 200-day moving average price of $219.38.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its quarterly earnings data 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). Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The company had revenue of $215.90 million for the quarter, compared to the consensus estimate of $265.04 million. During the same quarter in the prior year, the company earned $0.96 EPS. The company's revenue for the quarter was down 13.4% on a year-over-year basis. Equities research analysts expect that Aspen Technology, Inc. will post 6.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AZPN. 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. Loop Capital raised their price objective on shares of Aspen Technology from $204.00 to $260.00 and gave the company 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 research report on Thursday, November 7th. StockNews.com assumed coverage on shares of Aspen Technology in a report on Saturday. They issued a "hold" rating for the company. Finally, Robert W. Baird upped their price objective on Aspen Technology from $230.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Aspen Technology currently has a consensus rating of "Hold" and a consensus target price 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.