WINTON GROUP Ltd Reduces Stock Position in Aspen Technology, Inc. (NASDAQ:AZPN)

WINTON GROUP Ltd decreased its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 11.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,064 shares of the technology company’s stock after selling 647 shares during the quarter. WINTON GROUP Ltd’s holdings in Aspen Technology were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of Aspen Technology by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 170,350 shares of the technology company’s stock valued at $42,524,000 after buying an additional 2,518 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Aspen Technology by 89.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock valued at $86,799,000 after acquiring an additional 171,351 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Aspen Technology by 15.9% during the 3rd quarter. Citigroup Inc. now owns 23,240 shares of the technology company’s stock worth $5,550,000 after purchasing an additional 3,186 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Aspen Technology by 37,990.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock worth $158,318,000 after purchasing an additional 632,545 shares during the period. Finally, Atomi Financial Group Inc. acquired a new position in Aspen Technology in the fourth quarter valued at $216,000. 45.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on AZPN. Piper Sandler upped their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and increased their target price for the company from $265.00 to $315.00 in a research note on Monday, February 10th. StockNews.com started coverage on shares of Aspen Technology in a research note on Saturday, March 22nd. They set a “hold” rating on the stock. Robert W. Baird restated a “neutral” rating and set a $265.00 price objective (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Finally, Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aspen Technology currently has an average rating of “Hold” and a consensus price target of $272.00.

Aspen Technology Stock Performance

AZPN stock opened at $264.33 on Friday. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $277.37. The stock’s fifty day moving average is $263.49 and its two-hundred day moving average is $250.05. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73.

Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, beating the consensus estimate 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, analysts predict that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.

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.