Jones Financial Companies Lllp Increases Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Jones Financial Companies Lllp grew its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 965.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213 shares of the technology company’s stock after acquiring an additional 193 shares during the period. Jones Financial Companies Lllp’s holdings in Aspen Technology were worth $53,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Bailard Inc. grew its stake in shares of Aspen Technology by 0.9% in the fourth quarter. Bailard Inc. now owns 4,541 shares of the technology company’s stock worth $1,134,000 after acquiring an additional 41 shares in the last quarter. Commerce Bank grew its stake in shares of Aspen Technology by 3.1% in the third quarter. Commerce Bank now owns 1,550 shares of the technology company’s stock worth $370,000 after acquiring an additional 47 shares in the last quarter. Heritage Family Offices LLP grew its stake in shares of Aspen Technology by 2.8% in the fourth quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock worth $431,000 after acquiring an additional 47 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Aspen Technology by 30.1% in the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after acquiring an additional 58 shares in the last quarter. Finally, Kolinsky Wealth Management LLC grew its stake in shares of Aspen Technology by 4.7% in the third quarter. Kolinsky Wealth Management LLC now owns 1,329 shares of the technology company’s stock worth $317,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

Aspen Technology Stock Performance

Shares of AZPN stock opened at $264.33 on Tuesday. Aspen Technology, Inc. has a 12 month low of $171.25 and a 12 month high of $277.37. The company has a market cap of $16.73 billion, a P/E ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73. The firm has a fifty day moving average price of $261.31 and a 200 day moving average price of $248.36.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. On average, equities analysts forecast that Aspen Technology, Inc. will post 6.7 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Piper Sandler boosted their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and boosted their target price for the stock from $265.00 to $315.00 in a research note on Monday, February 10th. Robert W. Baird reiterated a “neutral” rating and set a $265.00 target price (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Baird R W downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Finally, StockNews.com started coverage on shares of Aspen Technology in a research note on Friday. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $272.00.

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.