Aspen Technology, Inc. (NASDAQ:AZPN) Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,831,209 shares of the technology company’s stock after buying an additional 36,497 shares during the quarter. Vanguard Group Inc. owned approximately 4.47% of Aspen Technology worth $706,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in shares of Aspen Technology by 37,990.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock worth $158,318,000 after acquiring an additional 632,545 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Aspen Technology by 89.2% in the third quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock worth $86,799,000 after purchasing an additional 171,351 shares during the period. Raymond James Financial Inc. bought a new stake in Aspen Technology during the fourth quarter valued at $66,680,000. American Capital Management Inc. raised its holdings in shares of Aspen Technology by 116.9% during the third quarter. American Capital Management Inc. now owns 195,271 shares of the technology company’s stock worth $46,635,000 after purchasing an additional 105,254 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Aspen Technology by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 170,350 shares of the technology company’s stock worth $42,524,000 after buying an additional 2,518 shares during the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

Aspen Technology Price Performance

Shares of Aspen Technology stock opened at $264.33 on Monday. Aspen Technology, Inc. has a 1-year low of $171.25 and a 1-year high of $277.37. The business’s fifty day moving average price is $263.75 and its two-hundred day moving average price is $250.66. The company has a market capitalization of $16.73 billion, a P/E ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. On average, research analysts expect that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on AZPN. Piper Sandler boosted their price objective on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and upped their target price for the company from $265.00 to $315.00 in a report on Monday, February 10th. Robert W. Baird reissued a “neutral” rating and issued a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Baird R W downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Finally, StockNews.com assumed coverage on Aspen Technology in a research note on Sunday. They issued a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $272.00.

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.