2 weeks Ago By Defense World Staff
Cerity Partners LLC trimmed its holdings in Aspen Technology, Inc. (NASDAQ:AZPN – Free Report) by 18.6% in the 4th quarter, according to its most recent filing with the SEC.
The institutional investor 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. A number of other hedge funds have also bought and sold shares of the business.
SBI Securities Co. Ltd. bought a new stake in shares of Aspen Technology in the fourth quarter worth approximately $26,000.
Atala Financial Inc purchased a new stake in Aspen Technology in the fourth quarter worth approximately $44,000. Jones Financial Companies Lllp grew its position in Aspen Technology by 965.0% in the 4th quarter.
Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock worth $53,000 after purchasing an additional 193 shares during the period. Blue Trust Inc. raised its stake in Aspen Technology by 5,700.
0% during the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock valued at $58,000 after buying an additional 228 shares during the last quarter.
Finally, GAMMA Investing LLC lifted its holdings in shares of Aspen Technology by 30.1% during the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after buying an additional 58 shares during the period.
Hedge funds and other institutional investors own 45.66% of the company’s stock. Aspen Technology Stock PerformanceNASDAQ AZPN opened at $264.
33 on Friday. Aspen Technology, Inc. has a 12 month low of $171.
25 and a 12 month high of $277.37. The stock has a market cap of $16.
73 billion, a price-to-earnings ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.
73. The company’s 50 day moving average is $264.38 and its two-hundred day moving average is $254.
72. Aspen Technology (NASDAQ:AZPN – Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.
88 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%.
Sell-side analysts forecast that Aspen Technology, Inc. will post 6.7 EPS for the current year.
Analysts Set New Price TargetsA number of analysts recently commented on AZPN shares. Piper Sandler upped their price objective on Aspen Technology from $240.00 to $265.
00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. StockNews.
com initiated coverage on shares of Aspen Technology in a report on Wednesday. They issued a “hold” rating on the stock. Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and upped their target price for the company from $265.
00 to $315.00 in a report on Monday, February 10th. Finally, Robert W.
Baird reiterated a “neutral” rating and issued a $265.00 price target (down from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th.
Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Aspen Technology presently has an average rating of “Hold” and an average target price of $272.00.
View Our Latest Report on Aspen TechnologyAspen 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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