Advisor OS LLC Decreases Stake in Aspen Technology, Inc. (NASDAQ:AZPN)

Advisor OS LLC reduced its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 48.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,645 shares of the technology company’s stock after selling 1,549 shares during the quarter. Advisor OS LLC’s holdings in Aspen Technology were worth $411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AZPN. Creative Planning increased its holdings in shares of Aspen Technology by 34.1% during the 3rd quarter. Creative Planning now owns 1,835 shares of the technology company’s stock valued at $438,000 after purchasing an additional 467 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Aspen Technology by 8.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,665 shares of the technology company’s stock valued at $398,000 after acquiring an additional 129 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Aspen Technology by 11.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,312 shares of the technology company’s stock valued at $313,000 after acquiring an additional 133 shares during the period. State of Alaska Department of Revenue grew its stake in Aspen Technology by 1.8% in the 3rd 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, Diversify Wealth Management LLC acquired a new stake in Aspen Technology in the 3rd quarter valued at $224,000. 45.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AZPN. Piper Sandler lifted their target price on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Baird R W cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Robert W. Baird reaffirmed a “neutral” rating and set a $265.00 target price (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Berenberg Bank cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, StockNews.com initiated coverage on shares of Aspen Technology in a research report on Wednesday. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Aspen Technology has a consensus rating of “Hold” and a consensus target price of $272.00.

Aspen Technology Trading Up 0.2 %

Shares of AZPN opened at $264.09 on Friday. The firm has a market cap of $16.72 billion, a P/E ratio of 3,301.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.76. Aspen Technology, Inc. has a 12-month low of $171.25 and a 12-month high of $277.37. The company’s 50-day moving average price is $257.59 and its 200 day moving average price is $243.68.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. Equities research analysts forecast that Aspen Technology, Inc. will post 6.7 earnings per share for the current year.

About Aspen Technology

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.