Linden Thomas Advisory Services LLC Purchases 70 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Linden Thomas Advisory Services LLC grew its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,064 shares of the technology company’s stock after buying an additional 70 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Aspen Technology were worth $2,762,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AZPN. JPMorgan Chase & Co. boosted its stake in Aspen Technology by 89.2% during the third quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock worth $86,799,000 after acquiring an additional 171,351 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Aspen Technology by 31.0% during the third quarter. Brown Brothers Harriman & Co. now owns 166,352 shares of the technology company’s stock valued at $39,728,000 after purchasing an additional 39,396 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Aspen Technology by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 167,832 shares of the technology company’s stock worth $40,082,000 after purchasing an additional 10,327 shares in the last quarter. Citigroup Inc. grew its stake in shares of Aspen Technology by 15.9% in the 3rd quarter. Citigroup Inc. now owns 23,240 shares of the technology company’s stock worth $5,550,000 after buying an additional 3,186 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Aspen Technology by 5.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 582,682 shares of the technology company’s stock valued at $139,156,000 after buying an additional 28,820 shares in the last quarter. 45.66% of the stock is owned by hedge funds and other institutional investors.

Aspen Technology Stock Performance

Shares of NASDAQ:AZPN opened at $255.16 on Friday. The business has a 50-day simple moving average of $250.59 and a two-hundred day simple moving average of $231.65. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of -439.93, a price-to-earnings-growth ratio of 2.94 and a beta of 0.76. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $259.85.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.54). Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The company had revenue of $215.90 million for the quarter, compared to the consensus estimate of $265.04 million. During the same quarter last year, the company earned $0.96 EPS. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. As a group, research analysts predict that Aspen Technology, Inc. will post 6.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AZPN shares. StockNews.com initiated coverage on Aspen Technology in a research note on Saturday. They issued a “hold” rating on the stock. Berenberg Bank downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Piper Sandler lifted their target price on shares of Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird upped their target price on shares of Aspen Technology from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Aspen Technology has a consensus rating of “Hold” and a consensus price target of $258.00.

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.