Blue Trust Inc. Has $73,000 Stake in Aspen Technology, Inc. (NASDAQ:AZPN)

Blue Trust Inc. boosted its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 7,575.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307 shares of the technology company’s stock after buying an additional 303 shares during the period. Blue Trust Inc.’s holdings in Aspen Technology were worth $73,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Aspen Technology during the 3rd quarter valued at about $48,000. GAMMA Investing LLC lifted its stake 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 purchasing an additional 58 shares during the period. Anchor Investment Management LLC acquired a new stake in Aspen Technology during the third quarter valued at approximately $77,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Aspen Technology in the 3rd quarter valued at approximately $116,000. Finally, Covestor Ltd raised its holdings in shares of Aspen Technology by 47.7% in the 3rd quarter. Covestor Ltd now owns 542 shares of the technology company’s stock worth $130,000 after buying an additional 175 shares in the last quarter. Institutional investors own 45.66% of the company’s stock.

Wall Street Analyst Weigh In

AZPN has been the topic of several recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Piper Sandler boosted their target price on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Berenberg Bank cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. StockNews.com began coverage on shares of Aspen Technology in a research report on Sunday, February 2nd. They issued a “hold” rating on the stock. Finally, Loop Capital lowered shares of Aspen Technology from a “buy” rating to a “hold” rating and raised their price objective for the stock from $260.00 to $265.00 in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $262.00.

Aspen Technology Stock Up 3.5 %

Shares of NASDAQ:AZPN opened at $274.80 on Friday. The firm has a market cap of $17.38 billion, a P/E ratio of -473.79, a P/E/G ratio of 3.00 and a beta of 0.76. Aspen Technology, Inc. has a 12 month low of $171.25 and a 12 month high of $277.37. The company’s 50-day moving average price is $253.38 and its two-hundred day moving average price is $236.06.

Aspen Technology (NASDAQ:AZPN) last released its quarterly 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%. As a group, equities analysts predict that Aspen Technology, Inc. will post 6.68 earnings per share for the current fiscal year.

Aspen Technology Company 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.