Amalgamated Bank Has $3.89 Million Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Amalgamated Bank lessened its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 2.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 17,682 shares of the technology company’s stock after selling 486 shares during the quarter. Amalgamated Bank’s holdings in Aspen Technology were worth $3,893,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in shares of Aspen Technology by 94.4% in the third quarter. Fifth Third Bancorp now owns 350 shares of the technology company’s stock worth $71,000 after acquiring an additional 170 shares during the last quarter. Signaturefd LLC raised its stake in shares of 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 purchasing an additional 300 shares in the last quarter. Quantum Private Wealth LLC acquired a new stake in shares of Aspen Technology during the 3rd quarter valued at about $202,000. Austin Private Wealth LLC bought a new stake in shares of Aspen Technology in the 4th quarter valued at approximately $202,000. Finally, Wealth Alliance acquired a new position in Aspen Technology in the third quarter worth approximately $216,000. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AZPN. Robert W. Baird decreased their target price on shares of Aspen Technology from $225.00 to $210.00 and set an “outperform” rating for the company in a research report on Wednesday. Piper Sandler lowered their target price on shares of Aspen Technology from $196.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, StockNews.com raised Aspen Technology from a “sell” rating to a “hold” rating in a research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $201.00.

Aspen Technology Trading Up 4.8 %

NASDAQ:AZPN opened at $197.79 on Thursday. The firm has a market capitalization of $12.57 billion, a PE ratio of -146.51, a PEG ratio of 2.05 and a beta of 0.76. Aspen Technology, Inc. has a 1 year low of $161.32 and a 1 year high of $224.77. The firm’s fifty day simple moving average is $202.53 and its 200 day simple moving average is $196.45.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.17 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 business had revenue of $257.16 million during the quarter, compared to the consensus estimate of $259.70 million. As a group, analysts anticipate that Aspen Technology, Inc. will post 5.82 EPS for the current fiscal 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.