Mutual of America Capital Management LLC Decreases Stock Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Mutual of America Capital Management LLC reduced its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,032 shares of the technology company’s stock after selling 328 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Aspen Technology were worth $3,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Aspen Technology by 5,700.0% in the fourth quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock valued at $58,000 after purchasing an additional 228 shares in the last quarter. GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 58 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Aspen Technology by 126.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 270 shares of the technology company’s stock valued at $68,000 after purchasing an additional 151 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of Aspen Technology in the third quarter valued at $77,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Aspen Technology in the third quarter valued at $116,000. 45.66% of the stock is owned by hedge funds and other institutional investors.

Aspen Technology Stock Up 0.1 %

Shares of AZPN stock opened at $264.96 on Thursday. The business has a 50-day moving average price of $259.05 and a two-hundred day moving average price of $245.53. Aspen Technology, Inc. has a 12-month low of $171.25 and a 12-month high of $277.37. The firm has a market cap of $16.77 billion, a P/E ratio of 3,312.41, a price-to-earnings-growth ratio of 3.00 and a beta of 0.76.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AZPN. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and lifted their price objective for the company from $265.00 to $315.00 in a research note on Monday, February 10th. Piper Sandler lifted their price objective on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Berenberg Bank lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Robert W. Baird reissued a “neutral” rating and set a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Finally, Baird R W lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $272.00.

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.