Commonwealth Equity Services LLC Has $297,000 Stock Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Commonwealth Equity Services LLC decreased its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 12.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,493 shares of the technology company’s stock after selling 213 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Aspen Technology were worth $297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. raised its stake in Aspen Technology by 2,600.0% in the second quarter. Mather Group LLC. now owns 135 shares of the technology company’s stock valued at $29,000 after buying an additional 130 shares during the period. Crewe Advisors LLC lifted its holdings in Aspen Technology by 313.2% during the 2nd quarter. Crewe Advisors LLC now owns 157 shares of the technology company’s stock valued at $31,000 after purchasing an additional 119 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Aspen Technology by 65.7% during the 2nd quarter. GAMMA Investing LLC now owns 174 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Aspen Technology during the second quarter worth $37,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Aspen Technology by 561.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 225 shares of the technology company’s stock valued at $48,000 after purchasing an additional 191 shares during the last quarter. Institutional investors own 45.66% of the company’s stock.

Aspen Technology Price Performance

Shares of Aspen Technology stock opened at $233.69 on Tuesday. The company’s 50 day moving average price is $211.45 and its two-hundred day moving average price is $206.50. The firm has a market capitalization of $14.80 billion, a P/E ratio of -531.11, a P/E/G ratio of 2.63 and a beta of 0.75. Aspen Technology, Inc. has a fifty-two week low of $162.26 and a fifty-two week high of $240.82.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data 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 business had revenue of $342.91 million during the quarter, compared to the consensus estimate of $319.10 million. During the same period in the prior year, the business posted $1.87 earnings per share. Aspen Technology’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts expect that Aspen Technology, Inc. will post 6.53 earnings per share for the current year.

Insider Transactions at Aspen Technology

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,000 shares of Aspen Technology stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total value of $219,100.00. Following the completion of the sale, the director now directly owns 8,540 shares in the company, valued at $1,871,114. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

AZPN has been the topic of several research analyst reports. Robert W. Baird increased their price target on shares of Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. 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 research note on Wednesday, September 18th. Loop Capital boosted their price target on Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Piper Sandler increased their price objective on Aspen Technology from $200.00 to $217.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.40.

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.