Vanguard Personalized Indexing Management LLC Has $361,000 Stock Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Vanguard Personalized Indexing Management LLC lowered its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,915 shares of the technology company’s stock after selling 172 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Aspen Technology were worth $361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Aspen Technology during the fourth quarter worth approximately $31,630,000. Corient Private Wealth LLC increased its position in Aspen Technology by 203.6% during the fourth quarter. Corient Private Wealth LLC now owns 8,094 shares of the technology company’s stock worth $1,782,000 after buying an additional 5,428 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Aspen Technology by 17.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 7,553 shares of the technology company’s stock worth $1,663,000 after buying an additional 1,100 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in Aspen Technology during the fourth quarter worth approximately $252,000. Finally, Bank of Nova Scotia increased its position in Aspen Technology by 20.5% during the fourth quarter. Bank of Nova Scotia now owns 3,555 shares of the technology company’s stock worth $783,000 after buying an additional 606 shares during the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AZPN shares. Loop Capital upped their target price on Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Piper Sandler upped their target price on Aspen Technology from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Bank of America upped their target price on Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, Robert W. Baird upped their target price on Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.40.

Aspen Technology Trading Up 0.6 %

Shares of Aspen Technology stock opened at $237.22 on Friday. The business has a 50-day moving average price of $214.45 and a two-hundred day moving average price of $207.28. Aspen Technology, Inc. has a 1-year low of $162.26 and a 1-year high of $240.82. The company has a market cap of $15.02 billion, a P/E ratio of -539.14, a PEG ratio of 2.73 and a beta of 0.75.

Aspen Technology (NASDAQ:AZPN) last issued its 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. Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. The company had revenue of $342.91 million during the quarter, compared to the consensus estimate of $319.10 million. During the same period last year, the business posted $1.87 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Aspen Technology, Inc. will post 6.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jr. Robert M. Whelan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were 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 owns 8,540 shares in the company, valued at approximately $1,871,114. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

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.