Aspen Technology, Inc. (NASDAQ:AZPN) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,831,209 shares of the technology company’s stock after acquiring an additional 36,497 shares during the period. Vanguard Group Inc.’s holdings in Aspen Technology were worth $706,755,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Bailard Inc. raised its holdings in shares of Aspen Technology by 0.9% in the 4th quarter. Bailard Inc. now owns 4,541 shares of the technology company’s stock worth $1,134,000 after purchasing an additional 41 shares in the last quarter. Net Worth Advisory Group lifted its position in shares of Aspen Technology by 1.0% during the 4th quarter. Net Worth Advisory Group now owns 4,197 shares of the technology company’s stock valued at $1,048,000 after acquiring an additional 41 shares during the last quarter. Heritage Family Offices LLP boosted its stake in shares of Aspen Technology by 2.8% during the 4th quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock worth $431,000 after acquiring an additional 47 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Aspen Technology by 30.1% in the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after acquiring an additional 58 shares during the last quarter. Finally, MML Investors Services LLC raised its position in shares of Aspen Technology by 2.2% during the third quarter. MML Investors Services LLC now owns 2,838 shares of the technology company’s stock worth $678,000 after purchasing an additional 62 shares during the period. Institutional investors own 45.66% of the company’s stock.

Aspen Technology Stock Performance

AZPN stock opened at $264.33 on Monday. The firm has a 50 day simple moving average of $263.75 and a 200 day simple moving average of $250.66. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $277.37. The stock has a market cap of $16.73 billion, a P/E ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results 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 predict that Aspen Technology, Inc. will post 6.7 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Baird R W lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Robert W. Baird reiterated a “neutral” rating and issued a $265.00 target price (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. StockNews.com assumed coverage on shares of Aspen Technology in a report on Sunday. They set a “hold” rating on the stock. Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and raised their price objective for the stock from $265.00 to $315.00 in a research note on Monday, February 10th. Finally, Piper Sandler boosted their target price on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Aspen Technology has a consensus rating of “Hold” and a consensus price target of $272.00.

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.