1,053 Shares in Aspen Technology, Inc. (NASDAQ:AZPN) Acquired by Raymond James Trust N.A.

Raymond James Trust N.A. purchased a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,053 shares of the technology company’s stock, valued at approximately $251,000.

Other large investors also recently made changes to their positions in the company. Tortoise Investment Management LLC boosted its stake in Aspen Technology by 77.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company’s stock worth $25,000 after purchasing an additional 56 shares during the period. Mather Group LLC. grew its holdings in shares of Aspen Technology by 2,600.0% during the second quarter. Mather Group LLC. now owns 135 shares of the technology company’s stock worth $29,000 after buying an additional 130 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of Aspen Technology by 313.2% during the second quarter. Crewe Advisors LLC now owns 157 shares of the technology company’s stock worth $31,000 after buying an additional 119 shares in the last quarter. GAMMA Investing LLC raised its position in Aspen Technology by 65.7% in the 2nd quarter. GAMMA Investing LLC now owns 174 shares of the technology company’s stock valued at $35,000 after buying an additional 69 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Aspen Technology in the 2nd quarter valued at approximately $37,000. Institutional investors own 45.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AZPN shares. Piper Sandler lifted their price objective on shares of Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Bank of America lifted their price target on shares of Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. StockNews.com initiated coverage on shares of Aspen Technology in a research note on Friday, November 22nd. They set a “hold” rating for the company. Berenberg Bank downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird increased their price target on Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $253.00.

Aspen Technology Price Performance

Shares of NASDAQ AZPN opened at $250.00 on Thursday. The business’s 50 day moving average price is $239.62 and its two-hundred day moving average price is $218.34. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $254.04.

Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Monday, November 4th. The technology company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.54). Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The business had revenue of $215.90 million for the quarter, compared to the consensus estimate of $265.04 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The business’s revenue was down 13.4% compared to the same quarter last year. As a group, equities research analysts expect that Aspen Technology, Inc. will post 6.68 EPS for the current fiscal year.

About Aspen Technology

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.