Nisa Investment Advisors LLC Decreases Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Nisa Investment Advisors LLC lowered its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 65.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107 shares of the technology company’s stock after selling 200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Aspen Technology were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Quent Capital LLC boosted its stake in shares of Aspen Technology by 364.9% in the 3rd quarter. Quent Capital LLC now owns 172 shares of the technology company’s stock valued at $41,000 after purchasing an additional 135 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Aspen Technology during the third quarter valued at about $48,000. GAMMA Investing LLC grew its stake in shares of Aspen Technology by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after buying an additional 58 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of Aspen Technology in the third quarter worth about $77,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Aspen Technology in the 3rd quarter valued at about $116,000. 45.66% of the stock is currently owned by institutional investors.

Aspen Technology Trading Down 0.4 %

Shares of NASDAQ AZPN opened at $263.55 on Friday. The firm has a fifty day simple moving average of $252.23 and a two-hundred day simple moving average of $234.16. Aspen Technology, Inc. has a 12 month low of $171.25 and a 12 month high of $265.05. The firm has a market capitalization of $16.67 billion, a PE ratio of -454.40, a price-to-earnings-growth ratio of 3.01 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) 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 positive return on equity of 2.81% and a negative net margin of 3.26%. Aspen Technology’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. On average, sell-side analysts predict that Aspen Technology, Inc. will post 6.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

AZPN has been the topic of a number of analyst reports. Piper Sandler lifted their price target on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Berenberg Bank lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. StockNews.com began coverage on shares of Aspen Technology in a research report on Saturday, January 25th. They issued a “hold” rating on the stock. Finally, Robert W. Baird reiterated a “neutral” rating and set a $265.00 target price (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Aspen Technology presently has an average rating of “Hold” and an average price target of $261.00.

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.