US Bancorp DE Purchases 50 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

US Bancorp DE increased its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 0.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,695 shares of the technology company’s stock after buying an additional 50 shares during the period. US Bancorp DE’s holdings in Aspen Technology were worth $3,271,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Aspen Technology by 38.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 553,862 shares of the technology company’s stock worth $110,014,000 after purchasing an additional 153,897 shares during the period. International Assets Investment Management LLC acquired a new stake in Aspen Technology in the third quarter worth $290,880,000. Dimensional Fund Advisors LP grew its holdings in Aspen Technology by 26.5% in the second quarter. Dimensional Fund Advisors LP now owns 524,604 shares of the technology company’s stock worth $104,199,000 after purchasing an additional 109,783 shares during the period. Clean Energy Transition LLP acquired a new stake in Aspen Technology in the first quarter worth $22,110,000. Finally, Capital Research Global Investors grew its holdings in Aspen Technology by 52.9% in the first quarter. Capital Research Global Investors now owns 293,778 shares of the technology company’s stock worth $62,657,000 after purchasing an additional 101,586 shares during the period. Institutional investors own 45.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total transaction of $219,100.00. Following the transaction, the director now directly owns 8,540 shares in the company, valued at approximately $1,871,114. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on AZPN shares. Robert W. Baird raised their price target on shares of Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Loop Capital raised their price target on shares of Aspen Technology from $204.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Bank of America raised their price target on shares of Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Piper Sandler lifted their price objective on shares of Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a report on Tuesday. Three investment 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $253.00.

Aspen Technology Price Performance

Shares of NASDAQ AZPN opened at $241.00 on Wednesday. The stock has a market capitalization of $15.24 billion, a P/E ratio of -1,506.16, a P/E/G ratio of 2.73 and a beta of 0.76. The company has a 50-day moving average price of $233.69 and a 200-day moving average price of $213.24. Aspen Technology, Inc. has a 1 year low of $162.26 and a 1 year high of $248.00.

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 the consensus estimate of $1.39 by ($0.54). Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. The firm had revenue of $215.90 million for the quarter, compared to analysts’ expectations of $265.04 million. During the same quarter last year, the firm posted $0.96 earnings per share. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Aspen Technology, Inc. will post 6.53 earnings per share 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.