FourThought Financial Partners LLC Reduces Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

FourThought Financial Partners LLC lowered its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 2.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,238 shares of the technology company’s stock after selling 73 shares during the quarter. FourThought Financial Partners LLC’s holdings in Aspen Technology were worth $713,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. grew its stake in Aspen Technology by 1.2% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 23,758 shares of the technology company’s stock valued at $5,230,000 after buying an additional 288 shares in the last quarter. Sapient Capital LLC purchased a new position in shares of Aspen Technology in the fourth quarter valued at $668,000. M&T Bank Corp grew its position in shares of Aspen Technology by 158.2% in the fourth quarter. M&T Bank Corp now owns 11,910 shares of the technology company’s stock valued at $2,622,000 after purchasing an additional 7,298 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of Aspen Technology by 7.6% during the 4th quarter. Natixis Advisors L.P. now owns 69,847 shares of the technology company’s stock valued at $15,377,000 after purchasing an additional 4,931 shares during the period. Finally, Heritage Wealth Management LLC purchased a new stake in Aspen Technology during the 4th quarter worth about $435,000. 45.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AZPN shares. Piper Sandler reiterated a “neutral” rating and set a $196.00 price target on shares of Aspen Technology in a research 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $203.67.

Aspen Technology Stock Performance

Shares of NASDAQ:AZPN traded up $0.73 on Friday, hitting $202.10. The company’s stock had a trading volume of 276,688 shares, compared to its average volume of 166,374. The company has a 50-day simple moving average of $202.15 and a 200 day simple moving average of $196.30. Aspen Technology, Inc. has a 1 year low of $161.32 and a 1 year high of $224.77.

Aspen Technology (NASDAQ:AZPN) last posted 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). Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. The company had revenue of $257.16 million during the quarter, compared to the consensus estimate of $259.70 million. As a group, equities analysts predict that Aspen Technology, Inc. will post 5.82 EPS for the current fiscal year.

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.