Atria Investments Inc Sells 482 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Atria Investments Inc decreased its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 3.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 14,519 shares of the technology company’s stock after selling 482 shares during the quarter. Atria Investments Inc’s holdings in Aspen Technology were worth $3,097,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in shares of Aspen Technology by 7.9% in the 4th quarter. Wellington Management Group LLP now owns 612,024 shares of the technology company’s stock worth $134,737,000 after acquiring an additional 44,824 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Aspen Technology by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 415,662 shares of the technology company’s stock worth $91,508,000 after acquiring an additional 8,856 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Aspen Technology by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 313,105 shares of the technology company’s stock worth $68,931,000 after acquiring an additional 16,649 shares during the period. Capital Research Global Investors lifted its position in shares of Aspen Technology by 52.9% in the 1st quarter. Capital Research Global Investors now owns 293,778 shares of the technology company’s stock worth $62,657,000 after acquiring an additional 101,586 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Aspen Technology by 8.0% in the 1st quarter. Raymond James & Associates now owns 257,166 shares of the technology company’s stock worth $54,848,000 after acquiring an additional 18,979 shares during the period. Institutional investors own 45.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Piper Sandler dropped their target price on Aspen Technology from $196.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. William Blair raised Aspen Technology to a “hold” rating in a report on Tuesday, May 7th. Berenberg Bank raised Aspen Technology from a “hold” rating to a “buy” rating and increased their target price for the stock from $185.00 to $255.00 in a report on Friday, May 17th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $230.00 target price on shares of Aspen Technology in a report on Friday, June 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $219.50.

Aspen Technology Stock Down 0.0 %

AZPN stock traded down $0.08 during midday trading on Friday, reaching $181.93. 246,039 shares of the company’s stock traded hands, compared to its average volume of 176,500. The company has a 50-day simple moving average of $197.75 and a two-hundred day simple moving average of $199.60. Aspen Technology, Inc. has a 1-year low of $162.26 and a 1-year high of $224.06. The company has a market cap of $11.52 billion, a price-to-earnings ratio of -413.47, a PEG ratio of 2.26 and a beta of 0.73.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.39. Aspen Technology had a positive return on equity of 2.76% and a negative net margin of 2.46%. The firm had revenue of $278.11 million during the quarter, compared to analysts’ expectations of $251.65 million. Equities research analysts forecast that Aspen Technology, Inc. will post 5.52 EPS for the current year.

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.