Aspen Technology, Inc. (NASDAQ:AZPN) Stock Holdings Raised by Commerce Bank

Commerce Bank lifted its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,550 shares of the technology company’s stock after purchasing an additional 47 shares during the period. Commerce Bank’s holdings in Aspen Technology were worth $370,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of AZPN. Bayesian Capital Management LP bought a new position in Aspen Technology during the 1st quarter worth approximately $357,000. Janus Henderson Group PLC lifted its stake in Aspen Technology by 2.2% during the first quarter. Janus Henderson Group PLC now owns 231,525 shares of the technology company’s stock worth $49,380,000 after purchasing an additional 4,955 shares during the last quarter. Dynasty Wealth Management LLC acquired a new position in Aspen Technology in the first quarter worth $323,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Aspen Technology by 89.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,114 shares of the technology company’s stock worth $432,000 after purchasing an additional 998 shares during the period. Finally, Tidal Investments LLC lifted its position in shares of Aspen Technology by 53.4% in the 1st quarter. Tidal Investments LLC now owns 1,691 shares of the technology company’s stock worth $361,000 after buying an additional 589 shares during the last quarter. 45.66% of the stock is currently owned by institutional investors and hedge funds.

Aspen Technology Stock Performance

Shares of AZPN opened at $250.40 on Wednesday. The firm has a market capitalization of $15.84 billion, a price-to-earnings ratio of -432.66, a price-to-earnings-growth ratio of 2.86 and a beta of 0.76. The stock’s fifty day moving average is $239.28 and its 200-day moving average is $218.05. Aspen Technology, Inc. has a one year low of $171.25 and a one year high of $254.04.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.54). The company had revenue of $215.90 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.96 earnings per share. Analysts forecast that Aspen Technology, Inc. will post 6.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AZPN has been the topic of several research reports. Piper Sandler increased their price objective 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. Robert W. Baird increased their price target on Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Berenberg Bank lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. StockNews.com assumed coverage on Aspen Technology in a research report on Friday, November 22nd. They issued a “hold” rating on the stock. Finally, Bank of America upped their price target on shares of Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $253.00.

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.