7,900 Shares in Aspen Technology, Inc. (NASDAQ:AZPN) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,900 shares of the technology company’s stock, valued at approximately $1,739,000.

A number of other large investors have also recently added to or reduced their stakes in AZPN. Vanguard Group Inc. bought a new stake in Aspen Technology during the third quarter worth approximately $662,551,000. Moneta Group Investment Advisors LLC boosted its holdings in Aspen Technology by 103,662.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,567,858 shares of the technology company’s stock worth $322,038,000 after buying an additional 1,566,347 shares in the last quarter. BlackRock Inc. boosted its holdings in Aspen Technology by 26.6% during the first quarter. BlackRock Inc. now owns 4,820,843 shares of the technology company’s stock worth $1,103,346,000 after buying an additional 1,013,697 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Aspen Technology by 19.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,597,094 shares of the technology company’s stock worth $823,267,000 after buying an additional 585,945 shares in the last quarter. Finally, Norges Bank bought a new stake in Aspen Technology during the fourth quarter worth approximately $77,022,000. 45.66% of the stock is currently owned by institutional investors.

Aspen Technology Stock Performance

Shares of NASDAQ:AZPN opened at $196.59 on Friday. The company has a market cap of $12.49 billion, a PE ratio of -145.62, a price-to-earnings-growth ratio of 2.03 and a beta of 0.77. Aspen Technology, Inc. has a 52 week low of $161.32 and a 52 week high of $236.78. The firm has a 50 day simple moving average of $198.36 and a 200 day simple moving average of $196.53.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Tuesday, February 6th. The technology company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.06). Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. The company had revenue of $257.16 million during the quarter, compared to analysts’ expectations of $259.70 million. On average, equities analysts predict that Aspen Technology, Inc. will post 5.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AZPN shares. Piper Sandler restated a “neutral” rating and issued a $196.00 price target on shares of Aspen Technology in a research report on Wednesday, February 7th. StockNews.com upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Aspen Technology has a consensus rating of “Hold” and an average target price of $210.25.

Aspen Technology 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.