Public Employees Retirement Association of Colorado Sells 131 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Public Employees Retirement Association of Colorado lessened its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 0.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 73,906 shares of the technology company’s stock after selling 131 shares during the period. Public Employees Retirement Association of Colorado owned 0.12% of Aspen Technology worth $14,680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Aspen Technology by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 313,105 shares of the technology company’s stock worth $68,931,000 after purchasing an additional 16,649 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Aspen Technology by 2.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 31,634 shares of the technology company’s stock valued at $70,000 after buying an additional 735 shares in the last quarter. Norges Bank bought a new stake in shares of Aspen Technology during the fourth quarter valued at approximately $31,630,000. Corient Private Wealth LLC lifted its holdings in shares of Aspen Technology by 203.6% in the fourth quarter. Corient Private Wealth LLC now owns 8,094 shares of the technology company’s stock worth $1,782,000 after buying an additional 5,428 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Aspen Technology by 10.0% during the fourth quarter. Assetmark Inc. now owns 2,237 shares of the technology company’s stock worth $492,000 after acquiring an additional 204 shares during the last quarter. 45.66% of the stock is owned by institutional investors.

Insider Buying and Selling at Aspen Technology

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of Aspen Technology stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total transaction of $219,100.00. Following the completion of the transaction, the director now directly owns 8,540 shares of the company’s stock, valued at approximately $1,871,114. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Aspen Technology Trading Down 1.5 %

Shares of NASDAQ:AZPN opened at $235.56 on Friday. The company has a market cap of $14.92 billion, a price-to-earnings ratio of -535.36, a PEG ratio of 2.63 and a beta of 0.75. Aspen Technology, Inc. has a 12 month low of $162.26 and a 12 month high of $240.82. The company has a 50-day moving average price of $210.72 and a 200 day moving average price of $206.16.

Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Tuesday, August 6th. The technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.49. The firm had revenue of $342.91 million during the quarter, compared to analysts’ expectations of $319.10 million. Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 EPS. As a group, equities analysts forecast that Aspen Technology, Inc. will post 6.53 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on AZPN. Robert W. Baird lifted their price target on shares of Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Piper Sandler lifted their target price on Aspen Technology from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America increased their price target on Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Loop Capital lifted their price objective on Aspen Technology from $204.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $248.40.

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.