Fisher Asset Management LLC Sells 32,781 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Fisher Asset Management LLC trimmed its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 169,997 shares of the technology company's stock after selling 32,781 shares during the quarter. Fisher Asset Management LLC owned about 0.27% of Aspen Technology worth $37,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Alaska Permanent Fund Corp bought a new stake in Aspen Technology during the fourth quarter worth approximately $2,957,000. Toronto Dominion Bank lifted its holdings in shares of Aspen Technology by 79,514.3% in the third quarter. Toronto Dominion Bank now owns 5,573 shares of the technology company's stock valued at $1,138,000 after buying an additional 5,566 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Aspen Technology by 2.2% in 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 buying an additional 8,856 shares during the period. Fiera Capital Corp boosted its stake in Aspen Technology by 7.0% during the third quarter. Fiera Capital Corp now owns 198,913 shares of the technology company's stock valued at $40,630,000 after buying an additional 13,009 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in Aspen Technology by 12.9% during the third quarter. Nordea Investment Management AB now owns 1,044,959 shares of the technology company's stock worth $215,920,000 after acquiring an additional 119,102 shares during the period. Institutional investors own 45.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Piper Sandler reaffirmed 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 report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Aspen Technology currently has a consensus rating of "Hold" and a consensus target price of $203.67.

Aspen Technology Trading Up 0.4 %

AZPN stock traded up $0.73 during mid-day trading on Friday, reaching $202.10. 276,688 shares of the stock traded hands, compared to its average volume of 166,374. Aspen Technology, Inc. has a 52-week low of $161.32 and a 52-week high of $224.77. The stock's fifty day moving average is $202.15 and its 200-day moving average is $196.33. The company has a market cap of $12.84 billion, a P/E ratio of -149.70, a P/E/G ratio of 2.05 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last issued 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). 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. Equities research analysts expect 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.