Zurcher Kantonalbank Zurich Cantonalbank Has $1.09 Million Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 6.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,496 shares of the technology company’s stock after acquiring an additional 310 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Aspen Technology were worth $1,092,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. LRI Investments LLC boosted its stake in shares of Aspen Technology by 6.7% during the second quarter. LRI Investments LLC now owns 862 shares of the technology company’s stock valued at $171,000 after purchasing an additional 54 shares in the last quarter. OFI Invest Asset Management raised its holdings in Aspen Technology by 7.4% in the 2nd quarter. OFI Invest Asset Management now owns 872 shares of the technology company’s stock valued at $162,000 after buying an additional 60 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Aspen Technology by 4.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,536 shares of the technology company’s stock worth $305,000 after acquiring an additional 60 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in Aspen Technology by 2.5% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 2,654 shares of the technology company’s stock valued at $527,000 after acquiring an additional 65 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Aspen Technology by 65.7% during the second quarter. GAMMA Investing LLC now owns 174 shares of the technology company’s stock worth $35,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 45.66% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on AZPN shares. Piper Sandler cut their target price on Aspen Technology from $196.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Robert W. Baird lifted their price objective on Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Berenberg Bank raised shares of Aspen Technology from a “hold” rating to a “buy” rating and increased their target price for the company from $185.00 to $255.00 in a research report on Friday, May 17th. Finally, William Blair upgraded shares of Aspen Technology to a “hold” rating in a research report on Tuesday, May 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Aspen Technology has a consensus rating of “Moderate Buy” and a consensus target price of $224.50.

Insider Buying and Selling

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total transaction of $219,100.00. Following the transaction, the director now owns 8,540 shares in the company, valued at $1,871,114. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by company insiders.

Aspen Technology Stock Performance

Shares of AZPN opened at $224.87 on Wednesday. The firm has a market cap of $14.24 billion, a PE ratio of -511.07, a price-to-earnings-growth ratio of 2.73 and a beta of 0.73. Aspen Technology, Inc. has a 52-week low of $162.26 and a 52-week high of $235.10. The business’s 50 day moving average price is $201.84 and its two-hundred day moving average price is $202.53.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.49. Aspen Technology had a negative net margin of 0.87% and a positive return on equity of 2.96%. The firm had revenue of $342.91 million for the quarter, compared to analyst estimates of $319.10 million. During the same quarter in the prior year, the business earned $1.87 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts predict that Aspen Technology, Inc. will post 6.53 EPS for the current fiscal year.

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.