Clean Energy Transition LLP Acquires 1,533 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Clean Energy Transition LLP grew its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,200 shares of the technology company’s stock after purchasing an additional 1,533 shares during the period. Aspen Technology comprises 1.1% of Clean Energy Transition LLP’s portfolio, making the stock its 10th largest holding. Clean Energy Transition LLP owned about 0.17% of Aspen Technology worth $20,896,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AZPN. Pacer Advisors Inc. increased its holdings in Aspen Technology by 51.3% in the second quarter. Pacer Advisors Inc. now owns 11,187 shares of the technology company’s stock worth $2,222,000 after buying an additional 3,792 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Aspen Technology by 8.5% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 9,099 shares of the technology company’s stock valued at $1,807,000 after acquiring an additional 712 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Aspen Technology by 71.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 386 shares of the technology company’s stock valued at $77,000 after acquiring an additional 161 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Aspen Technology by 26.5% in the second quarter. Dimensional Fund Advisors LP now owns 524,604 shares of the technology company’s stock valued at $104,199,000 after acquiring an additional 109,783 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Aspen Technology by 18.3% in the second quarter. Brown Brothers Harriman & Co. now owns 126,956 shares of the technology company’s stock valued at $25,217,000 after acquiring an additional 19,637 shares during the period. Institutional investors and hedge funds own 45.66% of the company’s stock.

Analysts Set New Price Targets

AZPN has been the subject of several research reports. Robert W. Baird increased their price objective on Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Piper Sandler raised their target price on Aspen Technology from $200.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday. Loop Capital raised their target price on Aspen Technology from $204.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Bank of America raised their target price on Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.40.

Insider Activity

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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Aspen Technology Price Performance

Aspen Technology stock opened at $235.56 on Friday. The stock has a fifty day moving average price of $210.72 and a two-hundred day moving average price of $206.16. Aspen Technology, Inc. has a 52-week low of $162.26 and a 52-week high of $240.82. The firm has a market capitalization of $14.92 billion, a P/E ratio of -535.36, a P/E/G ratio of 2.63 and a beta of 0.75.

Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Tuesday, August 6th. The technology company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.49. Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. The company had revenue of $342.91 million during the quarter, compared to analyst estimates of $319.10 million. During the same period last year, the company posted $1.87 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts predict that Aspen Technology, Inc. will post 6.53 EPS for the current fiscal year.

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.