Aspen Technology, Inc. (NASDAQ:AZPN) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 22,963.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,523 shares of the technology company’s stock after purchasing an additional 26,408 shares during the period. National Bank of Canada FI’s holdings in Aspen Technology were worth $6,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Aspen Technology during the fourth quarter valued at $26,000. Atala Financial Inc acquired a new stake in Aspen Technology during the 4th quarter worth about $44,000. Jones Financial Companies Lllp lifted its stake in Aspen Technology by 965.0% during 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 worth $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% in 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 currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AZPN shares. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and upped their price target for the company from $265.00 to $315.00 in a research report on Monday, February 10th. Baird R W cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Robert W. Baird reiterated a “neutral” rating and set a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. StockNews.com began coverage on Aspen Technology in a research note on Monday. They issued a “hold” rating for the company. Finally, Piper Sandler lifted their target price on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $272.00.

Aspen Technology Price Performance

Shares of NASDAQ AZPN opened at $264.33 on Monday. Aspen Technology, Inc. has a one year low of $171.25 and a one year high of $277.37. The business’s 50-day moving average price is $264.66 and its two-hundred day moving average price is $251.89. The company has a market capitalization of $16.73 billion, a P/E ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly 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%. On average, equities analysts anticipate that Aspen Technology, Inc. will post 6.7 EPS for the current year.

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.