Aspen Technology, Inc. (NASDAQ:AZPN) Stock Position Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,081 shares of the technology company’s stock after selling 111 shares during the quarter. Yousif Capital Management LLC’s holdings in Aspen Technology were worth $2,880,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Curated Wealth Partners LLC grew its position in Aspen Technology by 4.1% in the third quarter. Curated Wealth Partners LLC now owns 1,474 shares of the technology company’s stock worth $301,000 after acquiring an additional 58 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in Aspen Technology by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 12,254 shares of the technology company’s stock worth $2,503,000 after purchasing an additional 60 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Aspen Technology by 3.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,864 shares of the technology company’s stock worth $410,000 after buying an additional 63 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Aspen Technology by 4.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,592 shares of the technology company’s stock valued at $325,000 after buying an additional 66 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Aspen Technology by 43.9% in the third quarter. CWM LLC now owns 226 shares of the technology company’s stock worth $46,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

Aspen Technology Price Performance

AZPN stock opened at $198.43 on Monday. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of -146.98, a price-to-earnings-growth ratio of 2.01 and a beta of 0.77. The company has a 50-day moving average of $200.22 and a two-hundred day moving average of $196.28. Aspen Technology, Inc. has a 52-week low of $161.32 and a 52-week high of $224.77.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Piper Sandler reissued a “neutral” rating and set a $196.00 price objective on shares of Aspen Technology in a report on Wednesday, February 7th. StockNews.com upgraded Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $203.67.

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.