917 Shares in Aspen Technology, Inc. (NASDAQ:AZPN) Acquired by Austin Private Wealth LLC

Austin Private Wealth LLC acquired a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 917 shares of the technology company’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Aspen Technology during the 1st quarter worth approximately $29,000. Compass Wealth Management LLC acquired a new stake in shares of Aspen Technology in the 4th quarter valued at $29,000. Belpointe Asset Management LLC increased its stake in shares of Aspen Technology by 88.0% in the 1st quarter. Belpointe Asset Management LLC now owns 141 shares of the technology company’s stock valued at $32,000 after purchasing an additional 66 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Aspen Technology during the 2nd quarter worth $34,000. Finally, CWM LLC lifted its position in shares of Aspen Technology by 43.9% during the 3rd quarter. CWM LLC now owns 226 shares of the technology company’s stock worth $46,000 after buying an additional 69 shares during the last quarter. 45.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AZPN has been the subject of several research reports. StockNews.com raised shares of Aspen Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and increased their price target for the company from $180.00 to $213.00 in a research note on Friday, December 1st. Finally, Piper Sandler restated a “neutral” rating and set a $196.00 price objective on shares of Aspen Technology in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $210.25.

Aspen Technology Stock Performance

Shares of NASDAQ:AZPN traded up $5.37 during midday trading on Thursday, reaching $213.28. The company’s stock had a trading volume of 203,346 shares, compared to its average volume of 203,271. Aspen Technology, Inc. has a fifty-two week low of $161.32 and a fifty-two week high of $247.96. The firm has a 50 day moving average price of $195.18 and a two-hundred day moving average price of $195.56. The firm has a market capitalization of $13.55 billion, a price-to-earnings ratio of -157.98, a PEG ratio of 2.04 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.06). The company had revenue of $257.16 million for the quarter, compared to analyst estimates of $259.70 million. Aspen Technology had a negative net margin of 8.17% and a positive return on equity of 2.38%. As a group, research analysts anticipate that Aspen Technology, Inc. will post 5.82 earnings per share 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.