2 weeks Ago By ABMN Staff
Cerity Partners LLC lowered its stake in Aspen Technology, Inc. ( NASDAQ:AZPN – Free Report ) by 18.6% during the 4th quarter, Holdings Channel reports.
The firm owned 911 shares of the technology company’s stock after selling 208 shares during the quarter. Cerity Partners LLC’s holdings in Aspen Technology were worth $218,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also made changes to their positions in AZPN.
Franklin Resources Inc. increased its holdings in shares of Aspen Technology by 2,272.7% in the fourth quarter.
Franklin Resources Inc. now owns 690,940 shares of the technology company’s stock worth $172,479,000 after purchasing an additional 661,820 shares during the last quarter. Assenagon Asset Management S.
A. raised its holdings in shares of Aspen Technology by 37,990.7% during the 4th quarter.
Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock worth $158,318,000 after acquiring an additional 632,545 shares in the last quarter.
Norges Bank bought a new position in shares of Aspen Technology during the 4th quarter valued at approximately $70,813,000. Raymond James Financial Inc. purchased a new position in shares of Aspen Technology in the fourth quarter valued at $66,680,000.
Finally, JPMorgan Chase & Co. increased its position in Aspen Technology by 89.2% in the third quarter.
JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock worth $86,799,000 after purchasing an additional 171,351 shares during the last quarter. Institutional investors own 45.
66% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts have commented on AZPN shares. Robert W.
Baird reiterated a “neutral” rating and set a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th.
Baird R W lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and upped their price objective for the company from $265.00 to $315.
00 in a research report on Monday, February 10th. Piper Sandler raised their price objective on Aspen Technology from $240.00 to $265.
00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, StockNews.com started coverage on Aspen Technology in a research report on Wednesday.
They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.
com, the company has an average rating of “Hold” and a consensus price target of $272.00. Aspen Technology Stock Performance AZPN opened at $264.
33 on Friday. The stock’s 50 day moving average price is $264.38 and its 200-day moving average price is $254.
72. Aspen Technology, Inc. has a one year low of $171.
25 and a one year high of $277.37. The stock has a market cap of $16.
73 billion, a price-to-earnings ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.
73. Aspen Technology ( NASDAQ:AZPN – Get Free Report ) last released its earnings results on Tuesday, February 4th. The technology company reported $1.
88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03.
Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%.
As a group, analysts predict that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal year.
Aspen Technology Company Profile ( Free Report ) 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.
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