Aspen Technology, Inc. (NASDAQ:AZPN) Position Trimmed by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 0.9% in the 4th quarter, Holdings Channel reports. The fund owned 35,103 shares of the technology company’s stock after selling 312 shares during the period. Retirement Systems of Alabama’s holdings in Aspen Technology were worth $7,728,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in shares of Aspen Technology by 94.4% during the third quarter. Fifth Third Bancorp now owns 350 shares of the technology company’s stock valued at $71,000 after buying an additional 170 shares during the last quarter. Signaturefd LLC boosted its position in Aspen Technology by 152.3% during the 3rd quarter. Signaturefd LLC now owns 497 shares of the technology company’s stock worth $102,000 after acquiring an additional 300 shares during the period. Steph & Co. grew its stake in shares of Aspen Technology by 49.2% in the third quarter. Steph & Co. now owns 861 shares of the technology company’s stock worth $176,000 after purchasing an additional 284 shares in the last quarter. Quantum Private Wealth LLC acquired a new position in shares of Aspen Technology during the third quarter valued at $202,000. Finally, Austin Private Wealth LLC bought a new stake in shares of Aspen Technology during the fourth quarter valued at about $202,000. Institutional investors own 45.66% of the company’s stock.

Aspen Technology Stock Up 0.4 %

NASDAQ:AZPN opened at $202.10 on Friday. The business’s 50-day moving average price is $202.15 and its 200 day moving average price is $196.30. Aspen Technology, Inc. has a 52-week low of $161.32 and a 52-week high of $224.77. The firm has a market cap of $12.84 billion, a P/E ratio of -149.70, a PEG ratio of 2.04 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data 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. Sell-side analysts expect that Aspen Technology, Inc. will post 5.82 EPS for the current year.

Analyst Ratings Changes

AZPN has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Piper Sandler reiterated a “neutral” rating and issued a $196.00 price objective on shares of Aspen Technology in a report on Wednesday, February 7th. Three 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.com, the company has an average rating of “Hold” and an average target price of $203.67.

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.