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

Vestmark Advisory Solutions Inc. lifted its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 1.2% in the 4th quarter, Holdings Channel.com reports. 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 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Aspen Technology by 3.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,721,956 shares of the technology company’s stock valued at $760,247,000 after purchasing an additional 124,934 shares during the period. Nordea Investment Management AB lifted its holdings in Aspen Technology by 12.9% in the 3rd quarter. Nordea Investment Management AB now owns 1,044,959 shares of the technology company’s stock worth $215,920,000 after buying an additional 119,102 shares in the last quarter. Wellington Management Group LLP boosted its position in Aspen Technology by 116.1% in the 3rd quarter. Wellington Management Group LLP now owns 567,200 shares of the technology company’s stock valued at $115,856,000 after buying an additional 304,712 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Aspen Technology by 2.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 415,662 shares of the technology company’s stock valued at $91,508,000 after acquiring an additional 8,856 shares in the last quarter. Finally, Fiera Capital Corp increased its position in shares of Aspen Technology by 7.0% during the third quarter. Fiera Capital Corp now owns 198,913 shares of the technology company’s stock worth $40,630,000 after acquiring an additional 13,009 shares during the last quarter. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Aspen Technology Stock Performance

Shares of AZPN traded up $0.73 during midday trading on Friday, hitting $202.10. 276,688 shares of the stock traded hands, compared to its average volume of 166,374. The business’s 50 day moving average price is $202.15 and its two-hundred day moving average price is $196.31. Aspen Technology, Inc. has a 1-year low of $161.32 and a 1-year high of $224.77.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). The firm had revenue of $257.16 million during 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, equities analysts anticipate that Aspen Technology, Inc. will post 5.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AZPN. StockNews.com raised shares of Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Piper Sandler restated a “neutral” rating and issued a $196.00 target price on shares of Aspen Technology in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Aspen Technology currently has a consensus rating of “Hold” and a consensus price target of $203.67.

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.