Aspen Technology, Inc. (NASDAQ:AZPN) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 10.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,614 shares of the technology company’s stock after purchasing an additional 1,017 shares during the period. Asset Management One Co. Ltd.’s holdings in Aspen Technology were worth $2,535,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AZPN. Tortoise Investment Management LLC increased its holdings in Aspen Technology by 77.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company’s stock valued at $25,000 after purchasing an additional 56 shares during the last quarter. Mather Group LLC. increased its holdings in Aspen Technology by 2,600.0% in the 2nd quarter. Mather Group LLC. now owns 135 shares of the technology company’s stock valued at $29,000 after purchasing an additional 130 shares during the last quarter. Crewe Advisors LLC increased its holdings in Aspen Technology by 313.2% in the 2nd quarter. Crewe Advisors LLC now owns 157 shares of the technology company’s stock valued at $31,000 after purchasing an additional 119 shares during the last quarter. GAMMA Investing LLC increased its holdings in Aspen Technology by 65.7% in the 2nd quarter. GAMMA Investing LLC now owns 174 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in Aspen Technology in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 45.66% of the company’s stock.

Insider Activity at Aspen Technology

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the business’s 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 sale, the director now directly owns 8,540 shares of the company’s stock, valued at $1,871,114. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AZPN. Berenberg Bank downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday. Robert W. Baird boosted their price target on shares of Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Piper Sandler boosted their price target on shares of Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Loop Capital boosted their price target on shares of Aspen Technology from $204.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Bank of America boosted their price target on shares of Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Aspen Technology has an average rating of “Hold” and a consensus price target of $253.00.

Aspen Technology Trading Down 0.4 %

Aspen Technology stock opened at $245.00 on Friday. The stock has a market cap of $15.50 billion, a P/E ratio of -422.41, a price-to-earnings-growth ratio of 2.85 and a beta of 0.76. The company has a fifty day simple moving average of $234.74 and a 200-day simple moving average of $214.12. Aspen Technology, Inc. has a 12-month low of $162.26 and a 12-month high of $249.00.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.54). The firm had revenue of $215.90 million for the quarter, compared to analysts’ expectations of $265.04 million. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. Aspen Technology’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same period last year, the firm posted $0.96 earnings per share. As a group, sell-side analysts forecast that Aspen Technology, Inc. will post 6.53 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.