Sanctuary Advisors LLC Sells 2,388 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Sanctuary Advisors LLC trimmed its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 18.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,218 shares of the technology company’s stock after selling 2,388 shares during the period. Sanctuary Advisors LLC’s holdings in Aspen Technology were worth $2,703,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AZPN. Creative Planning grew its holdings in Aspen Technology by 34.1% during the 3rd quarter. Creative Planning now owns 1,835 shares of the technology company’s stock valued at $438,000 after purchasing an additional 467 shares during the last quarter. IFM Investors Pty Ltd grew its stake in Aspen Technology by 6.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 6,165 shares of the technology company’s stock worth $1,472,000 after acquiring an additional 377 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Aspen Technology by 8.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,665 shares of the technology company’s stock worth $398,000 after acquiring an additional 129 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Aspen Technology by 11.3% in 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. Finally, Boston Trust Walden Corp grew its stake in Aspen Technology by 5.3% in the 3rd quarter. Boston Trust Walden Corp now owns 22,852 shares of the technology company’s stock worth $5,458,000 after acquiring an additional 1,143 shares in the last quarter. 45.66% of the stock is currently owned by institutional investors.

Aspen Technology Stock Performance

NASDAQ AZPN opened at $263.90 on Friday. The firm’s 50 day moving average price is $256.70 and its 200-day moving average price is $242.53. Aspen Technology, Inc. has a 52-week low of $171.25 and a 52-week high of $277.37. The company has a market cap of $16.71 billion, a PE ratio of 3,299.16, a P/E/G ratio of 3.01 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share (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, analysts forecast that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and upped their target price for the stock from $265.00 to $315.00 in a research note on Monday, February 10th. Berenberg Bank downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. 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. Baird R W downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Finally, StockNews.com initiated coverage on shares of Aspen Technology in a research note on Tuesday, February 18th. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $272.00.

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.