Bessemer Group Inc. trimmed its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN – Free Report) by 50.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197 shares of the technology company’s stock after selling 203 shares during the quarter. Bessemer Group Inc.’s holdings in Aspen Technology were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its position in Aspen Technology by 561.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 225 shares of the technology company’s stock valued at $48,000 after acquiring an additional 191 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Aspen Technology by 2.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 31,634 shares of the technology company’s stock worth $70,000 after purchasing an additional 735 shares during the period. Principal Securities Inc. purchased a new position in shares of Aspen Technology in the fourth quarter worth approximately $73,000. UniSuper Management Pty Ltd grew its position in Aspen Technology by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 400 shares of the technology company’s stock valued at $85,000 after buying an additional 200 shares during the period. Finally, Covestor Ltd increased its holdings in Aspen Technology by 36.0% during the first quarter. Covestor Ltd now owns 468 shares of the technology company’s stock valued at $100,000 after buying an additional 124 shares during the last quarter. 45.66% of the stock is owned by institutional investors.
Aspen Technology Stock Performance
AZPN opened at $188.97 on Tuesday. Aspen Technology, Inc. has a fifty-two week low of $162.26 and a fifty-two week high of $224.77. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of -429.47, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The firm’s fifty day moving average is $200.55 and its 200 day moving average is $200.01.
Aspen Technology (NASDAQ:AZPN – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.15 by $0.39. The business had revenue of $278.11 million for the quarter, compared to the consensus estimate of $251.65 million. Aspen Technology had a positive return on equity of 2.76% and a negative net margin of 2.46%. On average, equities research analysts predict that Aspen Technology, Inc. will post 5.52 earnings per share for the current year.
Analysts Set New Price Targets
AZPN has been the topic of several analyst reports. Berenberg Bank upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and lifted their price target for the stock from $185.00 to $255.00 in a research note on Friday, May 17th. Piper Sandler decreased their target price on Aspen Technology from $196.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. William Blair raised Aspen Technology to a “hold” rating in a report on Tuesday, May 7th. Finally, Robert W. Baird restated an “outperform” rating and issued a $230.00 price target on shares of Aspen Technology in a research report on Friday, June 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $219.50.
Get Our Latest Analysis on AZPN
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.
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