Aspen Technology, Inc. (NASDAQ:AZPN) Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. raised its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 2.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,292 shares of the technology company’s stock after buying an additional 643 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Aspen Technology were worth $6,813,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Creative Planning raised its holdings in shares of Aspen Technology by 34.1% in the third quarter. Creative Planning now owns 1,835 shares of the technology company’s stock worth $438,000 after acquiring an additional 467 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Aspen Technology by 11.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,312 shares of the technology company’s stock worth $313,000 after acquiring an additional 133 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Aspen Technology by 1.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,084 shares of the technology company’s stock worth $736,000 after buying an additional 55 shares during the period. US Bancorp DE increased its position in shares of Aspen Technology by 0.4% during the third quarter. US Bancorp DE now owns 13,695 shares of the technology company’s stock worth $3,271,000 after acquiring an additional 50 shares during the last quarter. Finally, Stephens Inc. AR grew its position in shares of Aspen Technology by 11.3% during the third quarter. Stephens Inc. AR now owns 3,135 shares of the technology company’s stock worth $749,000 after buying an additional 318 shares in the last quarter. 45.66% of the stock is owned by hedge funds and other institutional investors.

Aspen Technology Price Performance

Shares of Aspen Technology stock opened at $264.96 on Thursday. The firm has a market cap of $16.77 billion, a PE ratio of 3,312.41, a P/E/G ratio of 3.00 and a beta of 0.76. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $277.37. The stock has a fifty day moving average price of $259.05 and a 200-day moving average price of $245.53.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. As a group, equities analysts anticipate that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AZPN. Berenberg Bank cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Robert W. Baird restated a “neutral” rating and issued a $265.00 price target (down from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and boosted their price target for the company from $265.00 to $315.00 in a research note on Monday, February 10th. Baird R W downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, StockNews.com assumed coverage on shares of Aspen Technology in a research note on Thursday. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.