F M Investments LLC Invests $1.34 Million in Aspen Technology, Inc. (NASDAQ:AZPN)

F M Investments LLC purchased a new position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,102 shares of the technology company’s stock, valued at approximately $1,343,000.

Other large investors have also modified their holdings of the company. CWM LLC raised its stake in shares of Aspen Technology by 43.9% during the third quarter. CWM LLC now owns 226 shares of the technology company’s stock worth $46,000 after purchasing an additional 69 shares during the last quarter. Fifth Third Bancorp raised 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 raised its position in Aspen Technology by 152.3% in the third quarter. Signaturefd LLC now owns 497 shares of the technology company’s stock worth $102,000 after acquiring an additional 300 shares in the last quarter. Steph & Co. raised its position in Aspen Technology by 49.2% in the third quarter. Steph & Co. now owns 861 shares of the technology company’s stock worth $176,000 after acquiring an additional 284 shares in the last quarter. Finally, Quantum Private Wealth LLC purchased a new position in Aspen Technology in the third quarter worth $202,000. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Aspen Technology Trading Up 0.6 %

Shares of AZPN stock traded up $1.11 during mid-day trading on Tuesday, reaching $198.19. The stock had a trading volume of 136,813 shares, compared to its average volume of 197,823. Aspen Technology, Inc. has a 12-month low of $161.32 and a 12-month high of $235.45. The company has a market cap of $12.59 billion, a P/E ratio of -146.81, a price-to-earnings-growth ratio of 2.01 and a beta of 0.77. The business has a 50-day simple moving average of $199.22 and a 200 day simple moving average of $196.39.

Aspen Technology (NASDAQ:AZPN) last announced 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). Aspen Technology had a negative net margin of 8.17% and a positive return on equity of 2.38%. The firm had revenue of $257.16 million during the quarter, compared to analysts’ expectations of $259.70 million. Research analysts anticipate that Aspen Technology, Inc. will post 5.82 EPS for the current year.

Analyst Ratings Changes

AZPN has been the subject of several research analyst reports. StockNews.com upgraded Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Piper Sandler reiterated a “neutral” rating and issued a $196.00 price objective on shares of Aspen Technology in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Aspen Technology presently has a consensus rating of “Hold” and an average price target of $210.25.

Aspen Technology 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.