Xponance Inc. Increases Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Xponance Inc. lifted its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,750 shares of the technology company’s stock after purchasing an additional 275 shares during the period. Xponance Inc.’s holdings in Aspen Technology were worth $1,186,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Aspen Technology during the 4th quarter worth about $26,000. Atala Financial Inc purchased a new stake in Aspen Technology during the fourth quarter worth approximately $44,000. Jones Financial Companies Lllp increased its stake in Aspen Technology by 965.0% in the fourth quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock valued at $53,000 after purchasing an additional 193 shares during the last quarter. Blue Trust Inc. raised its holdings in Aspen Technology by 5,700.0% during the fourth quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock worth $58,000 after purchasing an additional 228 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Aspen Technology by 30.1% during the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

Aspen Technology Stock Performance

Shares of AZPN stock opened at $264.33 on Monday. The company has a market capitalization of $16.73 billion, a P/E ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. The business’s 50 day moving average is $262.36 and its two-hundred day moving average is $249.32. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $277.37.

Aspen Technology (NASDAQ:AZPN) last posted 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%. As a group, equities analysts predict that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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