Segall Bryant & Hamill LLC Purchases 2,637 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Segall Bryant & Hamill LLC boosted its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,096 shares of the technology company’s stock after acquiring an additional 2,637 shares during the period. Segall Bryant & Hamill LLC’s holdings in Aspen Technology were worth $7,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AZPN. SBI Securities Co. Ltd. bought a new position in shares of Aspen Technology during the 4th quarter valued at about $26,000. Atala Financial Inc acquired a new stake in Aspen Technology during the 4th quarter worth approximately $44,000. Jones Financial Companies Lllp lifted its stake in Aspen Technology by 965.0% in the fourth quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock valued at $53,000 after buying an additional 193 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Aspen Technology by 5,700.0% in the fourth quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock valued at $58,000 after buying an additional 228 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Aspen Technology by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after acquiring an additional 58 shares in the last quarter. 45.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Aspen Technology Price Performance

Shares of Aspen Technology stock opened at $264.33 on Thursday. The stock has a market cap of $16.73 billion, a P/E ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a 12-month low of $171.25 and a 12-month high of $277.37. The business’s 50 day moving average is $263.23 and its 200-day moving average is $249.95.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. On average, sell-side analysts expect that Aspen Technology, Inc. will post 6.7 EPS for the current 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.