Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN – Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,250 shares of the technology company’s stock after purchasing an additional 300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Aspen Technology were worth $3,807,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Commerce Bank lifted its position in Aspen Technology by 3.1% in the third quarter. Commerce Bank now owns 1,550 shares of the technology company’s stock worth $370,000 after purchasing an additional 47 shares during the period. Heritage Family Offices LLP lifted its holdings in shares of Aspen Technology by 2.8% during the 4th quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock worth $431,000 after acquiring an additional 47 shares during the period. US Bancorp DE boosted its position in shares of Aspen Technology by 0.4% during the 3rd quarter. US Bancorp DE now owns 13,695 shares of the technology company’s stock valued at $3,271,000 after acquiring an additional 50 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Aspen Technology by 1.8% in the third quarter. State of Alaska Department of Revenue now owns 3,084 shares of the technology company’s stock valued at $736,000 after acquiring an additional 55 shares during the period. Finally, GAMMA Investing LLC increased its stake in Aspen Technology by 30.1% in the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 45.66% of the company’s stock.
Aspen Technology Stock Performance
Shares of AZPN stock opened at $263.75 on Wednesday. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $277.37. The stock has a market capitalization of $16.70 billion, a PE ratio of 3,297.29, a PEG ratio of 3.00 and a beta of 0.76. The stock’s fifty day moving average is $257.24 and its 200-day moving average is $243.54.
Analyst Ratings Changes
AZPN has been the topic of a number of recent research reports. Robert W. Baird reaffirmed a “neutral” rating and set a $265.00 price objective (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. StockNews.com assumed coverage on Aspen Technology in a research note on Wednesday. They issued a “hold” rating on the stock. Piper Sandler increased their price objective on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and boosted their target price for the company from $265.00 to $315.00 in a research note on Monday, February 10th. Finally, Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $272.00.
Read Our Latest Analysis on AZPN
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.
Featured Stories
- Five stocks we like better than Aspen Technology
- How to Evaluate a Stock Before Buying
- Nebius Slides Post-Earnings: A Long-Term Buy Opportunity?
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- NVIDIA Stock: A Market Barometer in Tech’s Turbulent Times
- Learn Technical Analysis Skills to Master the Stock Market
- Palantir Stock Nears Bear Market Territory – Why and What’s Next?
Want to see what other hedge funds are holding AZPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aspen Technology, Inc. (NASDAQ:AZPN – Free Report).
Receive News & Ratings for Aspen Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Technology and related companies with MarketBeat.com's FREE daily email newsletter.