Asset Management One Co. Ltd. Has $2.64 Million Stock Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Asset Management One Co. Ltd. lessened its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,518 shares of the technology company’s stock after selling 96 shares during the period. Asset Management One Co. Ltd.’s holdings in Aspen Technology were worth $2,641,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AZPN. GAMMA Investing LLC raised its holdings in Aspen Technology by 30.1% during the 4th 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 last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Aspen Technology by 126.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 270 shares of the technology company’s stock worth $68,000 after purchasing an additional 151 shares in the last quarter. Blue Trust Inc. raised its stake in Aspen Technology by 7,575.0% in the 4th quarter. Blue Trust Inc. now owns 307 shares of the technology company’s stock valued at $73,000 after acquiring an additional 303 shares during the period. Anchor Investment Management LLC bought a new stake in Aspen Technology in the 3rd quarter valued at $77,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Aspen Technology during the 3rd quarter worth $116,000. Institutional investors and hedge funds own 45.66% of the company’s stock.

Aspen Technology Stock Down 0.1 %

Aspen Technology stock opened at $264.59 on Thursday. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $277.37. The business has a 50-day simple moving average of $256.14 and a 200 day simple moving average of $241.29. The stock has a market cap of $16.75 billion, a price-to-earnings ratio of 3,307.79, a PEG ratio of 3.01 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data 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%. On average, research analysts anticipate that Aspen Technology, Inc. will post 6.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AZPN has been the topic of several analyst reports. StockNews.com assumed coverage on Aspen Technology in a report on Tuesday. They set a “hold” rating on the stock. Piper Sandler lifted their target price on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Berenberg Bank cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Robert W. Baird reaffirmed a “neutral” rating and set a $265.00 target price (down previously from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Finally, Baird R W cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.