Janney Montgomery Scott LLC Sells 1,045 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Janney Montgomery Scott LLC lessened its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,420 shares of the technology company’s stock after selling 1,045 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Aspen Technology were worth $7,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AZPN. Quent Capital LLC grew its holdings in Aspen Technology by 364.9% during the third quarter. Quent Capital LLC now owns 172 shares of the technology company’s stock valued at $41,000 after purchasing an additional 135 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Aspen Technology during the 3rd quarter valued at $48,000. GAMMA Investing LLC grew its stake in shares of Aspen Technology by 30.1% during the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after acquiring an additional 58 shares during the period. Anchor Investment Management LLC purchased a new stake in Aspen Technology in the 3rd quarter worth about $77,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Aspen Technology in the 3rd quarter valued at about $116,000. 45.66% of the stock is owned by hedge funds and other institutional investors.

Aspen Technology Stock Up 0.2 %

Aspen Technology stock opened at $264.00 on Wednesday. The business has a 50-day simple moving average of $251.28 and a 200 day simple moving average of $233.27. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $264.43. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of -455.17, a PEG ratio of 2.94 and a beta of 0.76.

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

Wall Street Analyst Weigh In

AZPN has been the topic of several research reports. Robert W. Baird reissued a “neutral” rating and issued a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a research report on Monday. Berenberg Bank downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Piper Sandler raised their price target on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday. Finally, StockNews.com started coverage on Aspen Technology in a research note on Saturday. They set a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $261.00.

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.