SG Americas Securities LLC Has $300,000 Stock Position in Aspen Technology, Inc. (NASDAQ:AZPN)

SG Americas Securities LLC cut its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 82.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,202 shares of the technology company’s stock after selling 5,598 shares during the quarter. SG Americas Securities LLC’s holdings in Aspen Technology were worth $300,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AZPN. Commerce Bank raised its stake in Aspen Technology by 3.1% during the 3rd quarter. Commerce Bank now owns 1,550 shares of the technology company’s stock valued at $370,000 after purchasing an additional 47 shares during the last quarter. Heritage Family Offices LLP increased its holdings in shares of Aspen Technology by 2.8% during the 4th quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock worth $431,000 after purchasing an additional 47 shares during the period. US Bancorp DE raised its position in shares of Aspen Technology by 0.4% during the third quarter. US Bancorp DE now owns 13,695 shares of the technology company’s stock valued at $3,271,000 after buying an additional 50 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Aspen Technology by 1.8% in the third quarter. State of Alaska Department of Revenue now owns 3,084 shares of the technology company’s stock valued at $736,000 after buying an additional 55 shares during the period. Finally, GAMMA Investing LLC grew its position in Aspen Technology by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after buying an additional 58 shares in the last quarter. 45.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on AZPN. Berenberg Bank cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Loop Capital lowered Aspen Technology from a “buy” rating to a “hold” rating and upped their target price for the company from $260.00 to $265.00 in a research note on Wednesday. Baird R W downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. StockNews.com assumed coverage on shares of Aspen Technology in a report on Sunday. They issued a “hold” rating on the stock. Finally, Piper Sandler raised their price objective on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $262.00.

Aspen Technology Price Performance

Shares of NASDAQ:AZPN opened at $265.25 on Thursday. The business’s fifty day moving average price is $253.07 and its two-hundred day moving average price is $235.85. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $265.25. The stock has a market capitalization of $16.78 billion, a price-to-earnings ratio of -457.33, a price-to-earnings-growth ratio of 3.00 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.85 by $0.03. Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. Research analysts expect that Aspen Technology, Inc. will post 6.68 EPS for the current fiscal year.

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.