Aspen Technology, Inc. (NASDAQ:AZPN) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 1.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 79,004 shares of the technology company’s stock after selling 1,196 shares during the period. Rhumbline Advisers owned approximately 0.12% of Aspen Technology worth $19,722,000 at the end of the most recent reporting period.

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

Aspen Technology Stock Down 0.2 %

NASDAQ:AZPN opened at $264.00 on Friday. The business’s 50-day moving average price is $256.40 and its 200 day moving average price is $241.45. The firm has a market cap of $16.71 billion, a P/E ratio of 3,300.41, a PEG ratio of 3.02 and a beta of 0.76. Aspen Technology, Inc. has a 52-week low of $171.25 and a 52-week high of $277.37.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. Sell-side analysts expect that Aspen Technology, Inc. will post 6.7 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AZPN shares. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and upped their price target for the company from $265.00 to $315.00 in a research report on Monday, February 10th. Baird R W lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. StockNews.com started coverage on Aspen Technology in a research report on Tuesday. They set a “hold” rating on the stock. Piper Sandler upped their price target on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Finally, Robert W. Baird restated a “neutral” rating and set a $265.00 price objective (down from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $272.00.

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.