Aspen Technology, Inc. (NASDAQ:AZPN) Shares Acquired by Raymond James & Associates

Raymond James & Associates raised its holdings in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 8.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 257,166 shares of the technology company's stock after buying an additional 18,979 shares during the quarter. Raymond James & Associates owned about 0.40% of Aspen Technology worth $54,848,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AZPN. CWM LLC increased its stake in Aspen Technology by 43.9% during the 3rd quarter. CWM LLC now owns 226 shares of the technology company's stock valued at $46,000 after purchasing an additional 69 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Aspen Technology by 2.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 31,634 shares of the technology company's stock valued at $70,000 after acquiring an additional 735 shares during the period. Fifth Third Bancorp raised its stake in Aspen Technology by 94.4% in the 3rd quarter. Fifth Third Bancorp now owns 350 shares of the technology company's stock worth $71,000 after acquiring an additional 170 shares during the last quarter. Principal Securities Inc. acquired a new stake in Aspen Technology during the 4th quarter worth about $73,000. Finally, Signaturefd LLC grew its stake in Aspen Technology by 152.3% during the 3rd 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 last quarter. Institutional investors and hedge funds own 45.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Piper Sandler restated a "neutral" rating and issued a $196.00 price objective on shares of Aspen Technology in a research note on Wednesday, February 7th. StockNews.com upgraded shares of Aspen Technology from a "sell" rating to a "hold" rating in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Aspen Technology presently has an average rating of "Hold" and an average target price of $203.67.

Aspen Technology Stock Up 0.4 %

Shares of AZPN traded up $0.73 during mid-day trading on Friday, reaching $202.10. The company had a trading volume of 276,688 shares, compared to its average volume of 166,374. The stock has a market capitalization of $12.84 billion, a P/E ratio of -149.70, a PEG ratio of 2.04 and a beta of 0.76. Aspen Technology, Inc. has a 52-week low of $161.32 and a 52-week high of $224.77. The stock has a 50 day moving average of $202.15 and a two-hundred day moving average of $196.30.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $257.16 million during the quarter, compared to analyst estimates of $259.70 million. Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. On average, sell-side analysts expect that Aspen Technology, Inc. will post 5.82 earnings per share for the current 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.