Aspen Technology, Inc. (NASDAQ:AZPN) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank raised its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,038 shares of the technology company’s stock after acquiring an additional 265 shares during the period. Toronto Dominion Bank’s holdings in Aspen Technology were worth $603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund acquired a new position in shares of Aspen Technology during the first quarter worth about $1,487,000. DekaBank Deutsche Girozentrale boosted its stake in Aspen Technology by 1,034.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 38,445 shares of the technology company’s stock worth $7,895,000 after buying an additional 35,056 shares during the last quarter. Argent Capital Management LLC increased its position in Aspen Technology by 0.9% during the fourth quarter. Argent Capital Management LLC now owns 11,962 shares of the technology company’s stock worth $2,633,000 after purchasing an additional 109 shares during the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Aspen Technology in the 2nd quarter worth $3,042,000. Finally, TimesSquare Capital Management LLC lifted its stake in shares of Aspen Technology by 8.1% in the 1st quarter. TimesSquare Capital Management LLC now owns 208,585 shares of the technology company’s stock valued at $44,487,000 after purchasing an additional 15,685 shares in the last quarter. 45.66% of the stock is owned by institutional investors and hedge funds.

Aspen Technology Stock Performance

Shares of NASDAQ:AZPN opened at $238.82 on Tuesday. The company has a market cap of $15.12 billion, a PE ratio of -542.77, a price-to-earnings-growth ratio of 2.73 and a beta of 0.75. Aspen Technology, Inc. has a 52 week low of $162.26 and a 52 week high of $240.82. The firm has a 50 day simple moving average of $214.45 and a 200 day simple moving average of $207.37.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $1.88 by $0.49. The business 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 firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.87 EPS. On average, equities analysts predict that Aspen Technology, Inc. will post 6.53 earnings per share for the current year.

Analyst Ratings Changes

AZPN has been the topic of several recent research reports. Bank of America boosted their price target on Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Loop Capital lifted their target price on Aspen Technology from $204.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Robert W. Baird increased their price target on Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Piper Sandler upped their price target on Aspen Technology from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.40.

Insider Buying and Selling

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

About Aspen Technology

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.