Crossmark Global Holdings Inc. Has $426,000 Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Crossmark Global Holdings Inc. trimmed its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 22.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,706 shares of the technology company’s stock after selling 481 shares during the period. Crossmark Global Holdings Inc.’s holdings in Aspen Technology were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in AZPN. Mitchell & Pahl Private Wealth LLC raised its position in Aspen Technology by 6.4% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 2,964 shares of the technology company’s stock valued at $740,000 after acquiring an additional 179 shares in the last quarter. Avanza Fonder AB acquired a new position in Aspen Technology during the 4th quarter valued at $424,000. Heritage Family Offices LLP grew its position in Aspen Technology by 2.8% during the fourth quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock worth $431,000 after buying an additional 47 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Aspen Technology by 37,990.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock worth $158,318,000 after purchasing an additional 632,545 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of Aspen Technology in the 4th quarter valued at $228,000. Institutional investors and hedge funds own 45.66% of the company’s stock.

Aspen Technology Stock Down 0.2 %

NASDAQ:AZPN opened at $255.16 on Monday. The business has a 50 day moving average price of $250.59 and a two-hundred day moving average price of $232.27. The company has a market cap of $16.14 billion, a P/E ratio of -439.93, a price-to-earnings-growth ratio of 2.94 and a beta of 0.76. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $259.85.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.54). The company had revenue of $215.90 million during the quarter, compared to the consensus estimate of $265.04 million. Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, analysts anticipate that Aspen Technology, Inc. will post 6.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AZPN. Robert W. Baird upped their price target on Aspen Technology from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Piper Sandler lifted their price objective on Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Berenberg Bank lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, StockNews.com began coverage on shares of Aspen Technology in a research report on Saturday. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $258.00.

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.