Eagle Bay Advisors LLC Has $148,000 Stake in Aspen Technology, Inc. (NASDAQ:AZPN)

Eagle Bay Advisors LLC decreased its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 11.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 591 shares of the technology company’s stock after selling 76 shares during the period. Eagle Bay Advisors LLC’s holdings in Aspen Technology were worth $148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC boosted its stake in Aspen Technology by 364.9% in the 3rd quarter. Quent Capital LLC now owns 172 shares of the technology company’s stock worth $41,000 after purchasing an additional 135 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Aspen Technology during the 3rd quarter valued at $48,000. GAMMA Investing LLC grew its holdings in shares of Aspen Technology by 30.1% during the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after acquiring an additional 58 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of Aspen Technology during the 3rd quarter valued at $77,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Aspen Technology by 71.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 386 shares of the technology company’s stock valued at $77,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AZPN shares. Piper Sandler boosted their price target on shares of Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Berenberg Bank cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price target on shares of Aspen Technology from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. StockNews.com initiated coverage on shares of Aspen Technology in a report on Thursday. They issued a “hold” rating for the company. Finally, Bank of America upped their price objective on shares of Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Aspen Technology has a consensus rating of “Hold” and a consensus target price of $258.00.

Aspen Technology Trading Up 0.3 %

Aspen Technology stock traded up $0.68 on Monday, reaching $250.04. 214,151 shares of the stock were exchanged, compared to its average volume of 376,690. The stock has a market cap of $15.82 billion, a PE ratio of -431.10, a PEG ratio of 2.89 and a beta of 0.76. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $254.44. The firm has a fifty day moving average price of $249.00 and a two-hundred day moving average price of $228.28.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.54). The firm had revenue of $215.90 million for the quarter, compared to analyst estimates of $265.04 million. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The firm’s revenue was down 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. Equities analysts anticipate that Aspen Technology, Inc. will post 6.68 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.