Proficio Capital Partners LLC bought a new stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 15,227 shares of the technology company’s stock, valued at approximately $3,801,000.
A number of other hedge funds have also made changes to their positions in AZPN. Assenagon Asset Management S.A. increased its holdings in Aspen Technology by 37,990.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock valued at $158,318,000 after buying an additional 632,545 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Aspen Technology by 89.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock worth $86,799,000 after buying an additional 171,351 shares during the last quarter. American Capital Management Inc. boosted its holdings in shares of Aspen Technology by 116.9% in the 3rd quarter. American Capital Management Inc. now owns 195,271 shares of the technology company’s stock valued at $46,635,000 after buying an additional 105,254 shares during the period. Point72 Asset Management L.P. bought a new position in Aspen Technology in the third quarter worth about $19,928,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Aspen Technology during the 3rd quarter worth approximately $11,217,000. Institutional investors and hedge funds own 45.66% of the company’s stock.
Aspen Technology Stock Performance
Shares of NASDAQ AZPN opened at $264.33 on Tuesday. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $277.37. The firm has a market cap of $16.73 billion, a P/E ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73. The stock has a fifty day moving average price of $261.31 and a two-hundred day moving average price of $248.36.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and boosted their price target for the company from $265.00 to $315.00 in a report on Monday, February 10th. Robert W. Baird reissued a “neutral” rating and issued a $265.00 price objective (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Baird R W downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Piper Sandler increased 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. Finally, StockNews.com started coverage on Aspen Technology in a report on Friday. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Aspen Technology has an average rating of “Hold” and an average price target of $272.00.
Check Out Our Latest Report on Aspen Technology
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.
Further Reading
- Five stocks we like better than Aspen Technology
- What is MarketRankā¢? How to Use it
- Can TikTok Stock Picks Really Make You Rich?
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- The “Quality” Rotation: Back to Basics Investing
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Occidental Petroleum: 4 Reasons to Love These Prices
Want to see what other hedge funds are holding AZPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aspen Technology, Inc. (NASDAQ:AZPN – Free Report).
Receive News & Ratings for Aspen Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Technology and related companies with MarketBeat.com's FREE daily email newsletter.