Steph & Co. Has $169,000 Stock Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Steph & Co. boosted its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 87.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 791 shares of the technology company’s stock after buying an additional 370 shares during the quarter. Steph & Co.’s holdings in Aspen Technology were worth $169,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AZPN. Dimensional Fund Advisors LP lifted its holdings in shares of Aspen Technology by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 313,105 shares of the technology company’s stock worth $68,931,000 after buying an additional 16,649 shares during the last quarter. Alaska Permanent Fund Corp acquired a new position in Aspen Technology during the 4th quarter valued at $2,957,000. Toronto Dominion Bank boosted its holdings in Aspen Technology by 79,514.3% in the 3rd quarter. Toronto Dominion Bank now owns 5,573 shares of the technology company’s stock valued at $1,138,000 after purchasing an additional 5,566 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in Aspen Technology by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 415,662 shares of the technology company’s stock worth $91,508,000 after purchasing an additional 8,856 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Aspen Technology by 203.6% during the 4th quarter. Corient Private Wealth LLC now owns 8,094 shares of the technology company’s stock worth $1,782,000 after purchasing an additional 5,428 shares during the period. Institutional investors own 45.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AZPN shares. William Blair upgraded Aspen Technology to a “hold” rating in a research note on Tuesday, May 7th. Berenberg Bank upgraded Aspen Technology from a “hold” rating to a “buy” rating and boosted their price objective for the company from $185.00 to $255.00 in a research report on Friday, May 17th. Piper Sandler cut their target price on Aspen Technology from $196.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $230.00 price target on shares of Aspen Technology in a research note on Friday, June 14th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Aspen Technology has an average rating of “Hold” and a consensus price target of $219.50.

Aspen Technology Price Performance

Aspen Technology stock opened at $200.03 on Tuesday. The business has a 50 day simple moving average of $204.82 and a 200 day simple moving average of $202.90. The company has a market capitalization of $12.67 billion, a PE ratio of -454.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.76. Aspen Technology, Inc. has a one year low of $161.32 and a one year high of $224.77.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.39. Aspen Technology had a positive return on equity of 2.76% and a negative net margin of 2.46%. The company had revenue of $278.11 million during the quarter, compared to analysts’ expectations of $251.65 million. Equities analysts anticipate that Aspen Technology, Inc. will post 5.52 earnings per share for the current fiscal year.

Aspen Technology Company 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.