Stephens Inc. AR Grows Stock Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Stephens Inc. AR raised its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,210 shares of the technology company’s stock after buying an additional 75 shares during the period. Stephens Inc. AR’s holdings in Aspen Technology were worth $801,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Commerce Bank boosted its position in shares of Aspen Technology by 3.1% during the third quarter. Commerce Bank now owns 1,550 shares of the technology company’s stock worth $370,000 after buying an additional 47 shares during the period. Heritage Family Offices LLP boosted its position in shares of Aspen Technology by 2.8% during the fourth quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock worth $431,000 after buying an additional 47 shares during the period. US Bancorp DE boosted its holdings in Aspen Technology by 0.4% in the third quarter. US Bancorp DE now owns 13,695 shares of the technology company’s stock valued at $3,271,000 after purchasing an additional 50 shares during the period. State of Alaska Department of Revenue boosted its holdings in Aspen Technology by 1.8% in the third quarter. State of Alaska Department of Revenue now owns 3,084 shares of the technology company’s stock valued at $736,000 after purchasing an additional 55 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Aspen Technology by 30.1% in the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after purchasing an additional 58 shares during the period. 45.66% of the stock is currently owned by hedge funds and other institutional investors.

Aspen Technology Price Performance

Shares of NASDAQ AZPN opened at $264.84 on Friday. The company has a market capitalization of $16.77 billion, a price-to-earnings ratio of 3,310.91, a price-to-earnings-growth ratio of 3.03 and a beta of 0.76. The business has a 50-day moving average of $254.85 and a two-hundred day moving average of $238.54. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $277.37.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. As a group, equities research analysts expect that Aspen Technology, Inc. will post 6.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AZPN shares. Baird R W lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Piper Sandler lifted their target price on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, January 27th. StockNews.com started coverage on Aspen Technology in a report on Monday. They issued a “hold” rating for the company. Robert W. Baird reiterated a “neutral” rating and issued a $265.00 target price (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Finally, Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and lifted their target price for the company from $265.00 to $315.00 in a report on Monday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.