Crossmark Global Holdings Inc. Purchases 303 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Crossmark Global Holdings Inc. increased its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 16.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,187 shares of the technology company’s stock after acquiring an additional 303 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Aspen Technology were worth $522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tortoise Investment Management LLC lifted its position in shares of Aspen Technology by 77.8% during the second quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company’s stock worth $25,000 after acquiring an additional 56 shares in the last quarter. Mather Group LLC. raised its stake in shares of Aspen Technology by 2,600.0% during 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 period. Crewe Advisors LLC lifted its holdings in Aspen Technology by 313.2% during the 2nd quarter. Crewe Advisors LLC now owns 157 shares of the technology company’s stock worth $31,000 after purchasing an additional 119 shares in the last quarter. GAMMA Investing LLC boosted its stake in Aspen Technology by 65.7% in the 2nd 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. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in Aspen Technology during the 2nd quarter valued at about $37,000. 45.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on AZPN. Robert W. Baird raised their price objective on shares of Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Piper Sandler upped their price target on shares of Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. StockNews.com began coverage on Aspen Technology in a research report on Thursday. They issued a “hold” rating on the stock. Loop Capital upped their target price on 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 lifted their price target on Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a research report 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $253.00.

Insider Buying and Selling

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total transaction of $219,100.00. Following the completion of the sale, the director now directly owns 8,540 shares in the company, valued at $1,871,114. This represents a 10.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Aspen Technology Stock Down 0.1 %

Shares of AZPN stock opened at $246.88 on Friday. The business has a 50-day moving average price of $236.61 and a two-hundred day moving average price of $215.83. Aspen Technology, Inc. has a 12-month low of $171.25 and a 12-month high of $249.91. The firm has a market cap of $15.62 billion, a P/E ratio of -425.66, a price-to-earnings-growth ratio of 2.81 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last issued its earnings results 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 during 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%. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. As a group, research analysts expect that Aspen Technology, Inc. will post 6.68 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.