TD Private Client Wealth LLC Sells 67 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

TD Private Client Wealth LLC lowered its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,472 shares of the technology company’s stock after selling 67 shares during the period. TD Private Client Wealth LLC’s holdings in Aspen Technology were worth $2,262,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC boosted its holdings in Aspen Technology by 77.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company’s stock valued at $25,000 after purchasing an additional 56 shares during the period. Crewe Advisors LLC lifted its holdings in shares of Aspen Technology by 313.2% during the 2nd quarter. Crewe Advisors LLC now owns 157 shares of the technology company’s stock worth $31,000 after acquiring an additional 119 shares during the period. Quent Capital LLC lifted its holdings in shares of Aspen Technology by 364.9% during the 3rd quarter. Quent Capital LLC now owns 172 shares of the technology company’s stock worth $41,000 after acquiring an additional 135 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Aspen Technology during the 2nd quarter worth approximately $37,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Aspen Technology during the 3rd quarter worth approximately $48,000. Institutional investors own 45.66% of the company’s stock.

Wall Street Analyst Weigh In

AZPN has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on shares of Aspen Technology from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday. Bank of America upped their price target on shares of Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Piper Sandler upped their price target on shares of Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. StockNews.com initiated coverage on shares of Aspen Technology in a report on Sunday, December 8th. They set a “hold” rating for the company. Finally, Berenberg Bank downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $258.00.

Aspen Technology Price Performance

Shares of NASDAQ:AZPN opened at $250.97 on Friday. The company has a market cap of $15.87 billion, a price-to-earnings ratio of -432.71, a PEG ratio of 2.87 and a beta of 0.76. The firm has a 50 day simple moving average of $243.33 and a 200 day simple moving average of $221.09. Aspen Technology, Inc. has a one year low of $171.25 and a one year high of $254.44.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results 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). Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The business had revenue of $215.90 million during the quarter, compared to analyst estimates of $265.04 million. During the same quarter last year, the company posted $0.96 earnings per share. The company’s revenue was down 13.4% compared to the same quarter last year. As a group, analysts expect that Aspen Technology, Inc. will post 6.68 EPS for the current 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.