Aspen Technology, Inc. (NASDAQ:AZPN) Stock Holdings Lessened by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 19.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,312 shares of the technology company’s stock after selling 319 shares during the period. Park Avenue Securities LLC’s holdings in Aspen Technology were worth $328,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AZPN. American Century Companies Inc. lifted its holdings in shares of Aspen Technology by 1.9% during the second quarter. American Century Companies Inc. now owns 12,715 shares of the technology company’s stock valued at $2,526,000 after purchasing an additional 234 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Aspen Technology by 71.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 386 shares of the technology company’s stock worth $77,000 after acquiring an additional 161 shares during the period. Marshall Wace LLP purchased a new position in Aspen Technology during the 2nd quarter valued at about $3,991,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Aspen Technology by 59.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 5,482 shares of the technology company’s stock valued at $1,089,000 after purchasing an additional 2,049 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in shares of Aspen Technology by 9.6% during the second quarter. Toronto Dominion Bank now owns 3,038 shares of the technology company’s stock worth $603,000 after purchasing an additional 265 shares during the period. 45.66% of the stock is owned by institutional investors.

Aspen Technology Stock Performance

AZPN opened at $255.16 on Friday. The firm has a market cap of $16.14 billion, a P/E ratio of -439.93, a price-to-earnings-growth ratio of 2.94 and a beta of 0.76. The business has a 50 day moving average price of $250.59 and a 200 day moving average price of $231.65. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $259.85.

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

Analyst Ratings Changes

A number of brokerages have commented on AZPN. Piper Sandler boosted their target price on Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. StockNews.com initiated coverage on Aspen Technology in a report on Saturday. They issued a “hold” rating on the stock. Berenberg Bank lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird boosted their target price on shares of Aspen Technology from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Aspen Technology has a consensus rating of “Hold” and an average price target of $258.00.

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.