Commonwealth Equity Services LLC Sells 58 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Commonwealth Equity Services LLC trimmed its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 882 shares of the technology company’s stock after selling 58 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Aspen Technology were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in 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 valued at $42,524,000 after purchasing an additional 2,518 shares during the period. JPMorgan Chase & Co. raised its position in shares of Aspen Technology by 89.2% during the third quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock valued at $86,799,000 after buying an additional 171,351 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Aspen Technology by 37,990.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock valued at $158,318,000 after buying an additional 632,545 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Aspen Technology in the fourth quarter valued at about $216,000. Finally, Raymond James Financial Inc. acquired a new stake in Aspen Technology during the fourth quarter worth about $66,680,000. Institutional investors and hedge funds own 45.66% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on AZPN shares. Baird R W cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Robert W. Baird restated a “neutral” rating and issued a $265.00 target price (down from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. StockNews.com began coverage on shares of Aspen Technology in a research note on Monday. They set a “hold” rating on the stock. Piper Sandler increased their price objective on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and raised their price objective for the stock from $265.00 to $315.00 in a report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $272.00.

Aspen Technology Price Performance

Aspen Technology stock opened at $264.33 on Thursday. Aspen Technology, Inc. has a 52-week low of $171.25 and a 52-week high of $277.37. The stock has a fifty day moving average price of $264.71 and a two-hundred day moving average price of $252.65. The firm has a market capitalization of $16.73 billion, a P/E ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 EPS 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, equities research analysts predict that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal 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.