Aspen Technology, Inc. (NASDAQ:AZPN) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 64.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,800 shares of the technology company’s stock after purchasing an additional 2,653 shares during the quarter. SG Americas Securities LLC’s holdings in Aspen Technology were worth $1,624,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Aspen Technology during the second quarter valued at approximately $1,168,000. Sanctuary Advisors LLC bought a new stake in shares of Aspen Technology in the 2nd quarter valued at approximately $2,290,000. Cetera Investment Advisers raised its position in shares of Aspen Technology by 1.5% during the 2nd quarter. Cetera Investment Advisers now owns 5,476 shares of the technology company’s stock valued at $1,088,000 after acquiring an additional 81 shares in the last quarter. Scientech Research LLC bought a new position in Aspen Technology during the second quarter worth $548,000. Finally, Lighthouse Investment Partners LLC acquired a new position in Aspen Technology in the second quarter worth $993,000. Institutional investors own 45.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on AZPN shares. Piper Sandler increased their target price on shares of Aspen Technology from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. Bank of America increased their price objective on shares of 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 lifted their target price 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, Robert W. Baird increased their price target on Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $248.40.

Insider Transactions at Aspen Technology

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were 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 owns 8,540 shares of the company’s stock, valued at $1,871,114. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Aspen Technology Stock Down 0.6 %

Aspen Technology stock opened at $236.46 on Wednesday. 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 $14.97 billion, a price-to-earnings ratio of -537.41, a PEG ratio of 2.73 and a beta of 0.76. The firm has a 50-day moving average price of $220.96 and a two-hundred day moving average price of $209.22.

Aspen Technology (NASDAQ:AZPN) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $319.10 million. During the same quarter in the previous year, the company posted $1.87 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts expect that Aspen Technology, Inc. will post 6.53 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.