Aspen Technology, Inc. (NASDAQ:AZPN) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 218.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,513 shares of the technology company's stock after acquiring an additional 12,017 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Aspen Technology were worth $4,372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Crossmark Global Holdings Inc. lifted its holdings in Aspen Technology by 16.1% in the third quarter. Crossmark Global Holdings Inc. now owns 2,187 shares of the technology company's stock worth $522,000 after purchasing an additional 303 shares during the period. Aigen Investment Management LP bought a new position in shares of Aspen Technology in the third quarter valued at approximately $362,000. Victory Capital Management Inc. increased its stake in shares of Aspen Technology by 10.4% during the third quarter. Victory Capital Management Inc. now owns 10,652 shares of the technology company's stock valued at $2,544,000 after acquiring an additional 1,000 shares during the period. KBC Group NV increased its stake in shares of Aspen Technology by 3.9% during the third quarter. KBC Group NV now owns 40,966 shares of the technology company's stock valued at $9,784,000 after acquiring an additional 1,535 shares during the period. Finally, Curi RMB Capital LLC raised its holdings in Aspen Technology by 0.4% during the third quarter. Curi RMB Capital LLC now owns 21,286 shares of the technology company's stock worth $5,084,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 45.66% of the company's stock.

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Wall Street Analyst Weigh In

AZPN has been the topic of several research analyst reports. 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 research report on Monday, February 10th. Robert W. Baird reaffirmed a "neutral" rating and set a $265.00 target price (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Piper Sandler boosted their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. StockNews.com assumed coverage on shares of Aspen Technology in a research report on Friday. They set a "hold" rating for the company. Finally, Baird R W downgraded shares of Aspen Technology from a "strong-buy" rating to a "hold" rating 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.com, the company has an average rating of "Hold" and a consensus price target of $272.00.

Aspen Technology Stock Performance

AZPN remained flat at $264.33 during trading on Tuesday. The business has a 50 day moving average price of $261.31 and a 200 day moving average price of $248.36. The company has a market cap of $16.73 billion, a P/E ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a 12-month low of $171.25 and a 12-month high of $277.37.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. Analysts expect that Aspen Technology, Inc. will post 6.7 earnings per share for the current year.

Aspen Technology Profile

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.