Aspen Technology, Inc. (NASDAQ:AZPN) Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. increased its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,758 shares of the technology company’s stock after buying an additional 288 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Aspen Technology were worth $5,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AZPN. CWM LLC grew its holdings in shares of Aspen Technology by 43.9% during the third quarter. CWM LLC now owns 226 shares of the technology company’s stock valued at $46,000 after buying an additional 69 shares during the last quarter. Fifth Third Bancorp grew its stake in Aspen Technology by 94.4% during the 3rd quarter. Fifth Third Bancorp now owns 350 shares of the technology company’s stock valued at $71,000 after purchasing an additional 170 shares during the last quarter. Signaturefd LLC increased its holdings in shares of 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 purchasing an additional 300 shares during the period. Steph & Co. raised its stake in shares of 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 purchasing an additional 284 shares during the last quarter. Finally, Quantum Private Wealth LLC acquired a new stake in shares of Aspen Technology during the third quarter worth about $202,000. 45.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on AZPN shares. Piper Sandler reiterated a “neutral” rating and issued a $196.00 price target 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 report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $203.67.

Aspen Technology Trading Up 0.4 %

Aspen Technology stock traded up $0.73 during mid-day trading on Friday, hitting $202.10. The company had a trading volume of 276,688 shares, compared to its average volume of 166,374. Aspen Technology, Inc. has a 12-month low of $161.32 and a 12-month high of $224.77. The company’s fifty day moving average is $202.15 and its 200-day moving average is $196.31.

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

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.