Strs Ohio bought a new stake in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,988 shares of the technology company's stock, valued at approximately $1,098,000.
Several other hedge funds have also recently added to or reduced their stakes in AZPN. CWM LLC grew its stake in shares of Aspen Technology by 43.9% in the third quarter. CWM LLC now owns 226 shares of the technology company's stock worth $46,000 after purchasing an additional 69 shares in the last quarter. Fifth Third Bancorp grew its position in Aspen Technology by 94.4% in the 3rd quarter. Fifth Third Bancorp now owns 350 shares of the technology company's stock valued at $71,000 after buying an additional 170 shares in the last quarter. Signaturefd LLC increased its stake in Aspen Technology by 152.3% during the 3rd quarter. Signaturefd LLC now owns 497 shares of the technology company's stock valued at $102,000 after buying an additional 300 shares during the period. Steph & Co. raised its position in shares of Aspen Technology by 49.2% during the 3rd quarter. Steph & Co. now owns 861 shares of the technology company's stock worth $176,000 after buying an additional 284 shares in the last quarter. Finally, Quantum Private Wealth LLC acquired a new stake in shares of Aspen Technology in the 3rd quarter worth approximately $202,000. Institutional investors own 45.66% of the company's stock.
Aspen Technology Trading Up 0.6 %
NASDAQ:AZPN opened at $198.19 on Wednesday. Aspen Technology, Inc. has a 1-year low of $161.32 and a 1-year high of $235.45. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of -146.81, a PEG ratio of 2.01 and a beta of 0.77. The business's fifty day moving average price is $199.22 and its 200 day moving average price is $196.39.
Aspen Technology (NASDAQ:AZPN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.06). The company had revenue of $257.16 million during the quarter, compared to analyst estimates of $259.70 million. Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. Equities analysts forecast that Aspen Technology, Inc. will post 5.82 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Piper Sandler reissued a "neutral" rating and set a $196.00 target price on shares of Aspen Technology in a research note on Wednesday, February 7th. StockNews.com upgraded Aspen Technology from a "sell" rating to a "hold" rating in a report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $210.25.
Get Our Latest Analysis on Aspen Technology
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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