R Squared Ltd Purchases New Shares in Aspen Technology, Inc. (NASDAQ:AZPN)

R Squared Ltd acquired a new position in Aspen Technology, Inc. (NASDAQ:AZPN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 640 shares of the technology company’s stock, valued at approximately $160,000.

Other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC raised its position in shares of Aspen Technology by 364.9% in the third quarter. Quent Capital LLC now owns 172 shares of the technology company’s stock valued at $41,000 after buying an additional 135 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Aspen Technology during the 3rd quarter worth $48,000. GAMMA Investing LLC grew its holdings in shares of Aspen Technology by 30.1% during the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after purchasing an additional 58 shares in the last quarter. Blue Trust Inc. increased its position in shares of Aspen Technology by 7,575.0% in the fourth quarter. Blue Trust Inc. now owns 307 shares of the technology company’s stock worth $73,000 after purchasing an additional 303 shares during the period. Finally, Anchor Investment Management LLC acquired a new position in Aspen Technology in the third quarter valued at about $77,000. Institutional investors own 45.66% of the company’s stock.

Aspen Technology Stock Performance

NASDAQ AZPN opened at $263.79 on Thursday. The firm’s fifty day moving average price is $251.65 and its two-hundred day moving average price is $233.48. The stock has a market cap of $16.68 billion, a PE ratio of -454.81, a PEG ratio of 2.94 and a beta of 0.76. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $264.43.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data 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). The firm had revenue of $215.90 million for the quarter, compared to the consensus estimate of $265.04 million. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The company’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. As a group, sell-side analysts predict that Aspen Technology, Inc. will post 6.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Baird R W downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday. StockNews.com initiated coverage on shares of Aspen Technology in a research note on Saturday, January 25th. They issued 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 research report on Monday. Berenberg Bank downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their price target on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $261.00.

About Aspen Technology

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.