Nomura Asset Management Co. Ltd. Boosts Stock Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Nomura Asset Management Co. Ltd. increased its position in shares of Aspen Technology, Inc. (NASDAQ:AZPNFree Report) by 17.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,553 shares of the technology company’s stock after purchasing an additional 1,100 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Aspen Technology were worth $1,663,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina raised its holdings in Aspen Technology by 0.5% during 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. raised its holdings 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 purchasing an additional 63 shares in 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 worth $325,000 after purchasing an additional 66 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in Aspen Technology by 2.6% during the third quarter. SkyView Investment Advisors LLC now owns 2,778 shares of the technology company’s stock worth $567,000 after purchasing an additional 70 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT increased its holdings in Aspen Technology by 6.1% in the third quarter. Alliance Wealth Advisors LLC UT now owns 1,314 shares of the technology company’s stock valued at $268,000 after buying an additional 76 shares in the last quarter. 45.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Berenberg Bank raised shares of Aspen Technology from a “hold” rating to a “buy” rating and increased their target price for the company from $185.00 to $255.00 in a report on Friday, May 17th. William Blair raised shares of Aspen Technology to a “hold” rating in a report on Tuesday, May 7th. StockNews.com raised shares of Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Piper Sandler dropped their target price on shares of Aspen Technology from $196.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Finally, Robert W. Baird increased their target price on shares of Aspen Technology from $210.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Aspen Technology has an average rating of “Hold” and an average price target of $219.50.

Get Our Latest Stock Analysis on AZPN

Aspen Technology Price Performance

Shares of AZPN opened at $210.65 on Friday. The firm has a 50 day simple moving average of $207.97 and a 200-day simple moving average of $201.19. Aspen Technology, Inc. has a 1-year low of $161.32 and a 1-year high of $224.77. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of -478.75, a price-to-earnings-growth ratio of 2.69 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPNGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.39. Aspen Technology had a negative net margin of 2.46% and a positive return on equity of 2.76%. The business had revenue of $278.11 million during the quarter, compared to analysts’ expectations of $251.65 million. On average, equities analysts expect that Aspen Technology, Inc. will post 5.52 earnings per share for the current fiscal year.

Aspen Technology Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

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