SBI Securities Co. Ltd. Takes Position in Aspen Technology, Inc. (NASDAQ:AZPN)

SBI Securities Co. Ltd. bought a new stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 106 shares of the technology company’s stock, valued at approximately $26,000.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in shares of Aspen Technology by 965.0% during the 4th quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock valued at $53,000 after acquiring an additional 193 shares during the period. Blue Trust Inc. grew its position in shares of Aspen Technology by 5,700.0% during the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock valued at $58,000 after acquiring an additional 228 shares during the period. GAMMA Investing LLC grew its position in shares of Aspen Technology by 30.1% during the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after acquiring an additional 58 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Aspen Technology by 126.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 270 shares of the technology company’s stock worth $68,000 after buying an additional 151 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in Aspen Technology in the 3rd quarter worth about $77,000. 45.66% of the stock is currently owned by institutional investors and hedge funds.

Aspen Technology Price Performance

Shares of Aspen Technology stock opened at $264.33 on Friday. The stock has a market cap of $16.73 billion, a P/E ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73. The stock’s 50 day simple moving average is $260.81 and its 200-day simple moving average is $247.34. Aspen Technology, Inc. has a 1-year low of $171.25 and a 1-year high of $277.37.

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 net margin of 0.54% and a return on equity of 3.17%. As a group, research analysts expect that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AZPN shares. Robert W. Baird reiterated 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. StockNews.com started coverage on Aspen Technology in a report on Friday. They issued a “hold” rating on the stock. Baird R W cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $265.00 to $315.00 in a report on Monday, February 10th. Finally, Piper Sandler lifted their price objective on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.