984 Shares in Aspen Technology, Inc. (NASDAQ:AZPN) Bought by Quantum Private Wealth LLC

Quantum Private Wealth LLC acquired a new position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 984 shares of the technology company’s stock, valued at approximately $235,000.

Several other large investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC increased its position in Aspen Technology by 77.8% in the second quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company’s stock worth $25,000 after buying an additional 56 shares during the period. Mather Group LLC. increased its holdings in shares of Aspen Technology by 2,600.0% during the second quarter. Mather Group LLC. now owns 135 shares of the technology company’s stock valued at $29,000 after purchasing an additional 130 shares during the period. Crewe Advisors LLC increased its holdings in shares of Aspen Technology by 313.2% during the second quarter. Crewe Advisors LLC now owns 157 shares of the technology company’s stock valued at $31,000 after purchasing an additional 119 shares during the period. GAMMA Investing LLC increased its holdings in shares of Aspen Technology by 65.7% during the second quarter. GAMMA Investing LLC now owns 174 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Aspen Technology during the second quarter valued at $37,000. 45.66% of the stock is currently owned by institutional investors.

Insider Activity at Aspen Technology

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total transaction of $219,100.00. Following the completion of the sale, the director now directly owns 8,540 shares in the company, valued at approximately $1,871,114. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Loop Capital raised their price target on Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Piper Sandler lifted their target price on Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a report on Tuesday. Bank of America lifted their target price on Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Robert W. Baird lifted their target price on Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.00.

Aspen Technology Stock Down 0.1 %

NASDAQ:AZPN opened at $245.69 on Friday. Aspen Technology, Inc. has a 1-year low of $162.26 and a 1-year high of $249.00. The firm has a market capitalization of $15.54 billion, a price-to-earnings ratio of -424.09, a price-to-earnings-growth ratio of 2.77 and a beta of 0.76. The stock has a fifty day simple moving average of $234.52 and a 200 day simple moving average of $213.68.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $215.90 million during the quarter, compared to analyst estimates of $265.04 million. During the same quarter last year, the business earned $0.96 EPS. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. Equities analysts predict that Aspen Technology, Inc. will post 6.53 earnings per share 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.