142,217 Shares in Aspen Technology, Inc. (NASDAQ:AZPN) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in Aspen Technology, Inc. (NASDAQ:AZPN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 142,217 shares of the technology company’s stock, valued at approximately $31,309,000. International Assets Investment Management LLC owned approximately 0.22% of Aspen Technology at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CWM LLC grew its stake in Aspen Technology by 43.9% in the 3rd quarter. CWM LLC now owns 226 shares of the technology company’s stock worth $46,000 after buying an additional 69 shares in the last quarter. Fifth Third Bancorp grew its position in Aspen Technology by 94.4% in the third quarter. Fifth Third Bancorp now owns 350 shares of the technology company’s stock worth $71,000 after acquiring an additional 170 shares in the last quarter. Signaturefd LLC increased its stake in Aspen Technology by 152.3% in the third quarter. Signaturefd LLC now owns 497 shares of the technology company’s stock valued at $102,000 after acquiring an additional 300 shares during the last quarter. Steph & Co. raised its position in Aspen Technology by 49.2% during the third quarter. Steph & Co. now owns 861 shares of the technology company’s stock valued at $176,000 after purchasing an additional 284 shares in the last quarter. Finally, Quantum Private Wealth LLC bought a new stake in Aspen Technology during the third quarter worth about $202,000. 45.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Piper Sandler reissued a “neutral” rating and set a $196.00 price objective on shares of Aspen Technology in a report on Wednesday, February 7th. StockNews.com raised shares of Aspen Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Three 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 stock currently has an average rating of “Hold” and an average price target of $203.67.

Aspen Technology Price Performance

AZPN opened at $202.10 on Friday. The stock’s 50 day simple moving average is $202.15 and its 200 day simple moving average is $196.31. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of -149.70, a PEG ratio of 1.98 and a beta of 0.76. Aspen Technology, Inc. has a 1 year low of $161.32 and a 1 year high of $224.77.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data 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). Aspen Technology had a negative net margin of 8.17% and a positive return on equity of 2.38%. The company had revenue of $257.16 million for the quarter, compared to analysts’ expectations of $259.70 million. As a group, sell-side analysts anticipate that Aspen Technology, Inc. will post 5.82 EPS for the current year.

About Aspen Technology

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.