Aspen Technology, Inc. (NASDAQ:AZPN) Stock Holdings Cut by US Bancorp DE

US Bancorp DE reduced its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,698 shares of the technology company’s stock after selling 997 shares during the quarter. US Bancorp DE’s holdings in Aspen Technology were worth $3,170,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in shares of Aspen Technology by 37,990.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock worth $158,318,000 after acquiring an additional 632,545 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Aspen Technology by 5.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 582,682 shares of the technology company’s stock worth $139,156,000 after acquiring an additional 28,820 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Aspen Technology by 89.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock worth $86,799,000 after acquiring an additional 171,351 shares in the last quarter. American Capital Management Inc. boosted its stake in shares of Aspen Technology by 116.9% during the 3rd quarter. American Capital Management Inc. now owns 195,271 shares of the technology company’s stock worth $46,635,000 after acquiring an additional 105,254 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Aspen Technology by 5.8% during the 3rd quarter. Fisher Asset Management LLC now owns 187,109 shares of the technology company’s stock worth $44,685,000 after acquiring an additional 10,325 shares in the last quarter. 45.66% of the stock is owned by institutional investors.

Aspen Technology Stock Up 0.0 %

AZPN opened at $265.01 on Friday. The stock has a fifty day moving average of $259.34 and a 200-day moving average of $245.66. The firm has a market capitalization of $16.78 billion, a P/E ratio of 3,313.04, a PEG 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.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data 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%. On average, analysts expect that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AZPN has been the subject of several research reports. Baird R W lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and raised their price objective for the stock from $265.00 to $315.00 in a research note on Monday, February 10th. Berenberg Bank lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. StockNews.com initiated coverage on Aspen Technology in a research note on Thursday. They set a “hold” rating for the company. Finally, Robert W. Baird restated a “neutral” rating and issued a $265.00 target price (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Six 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, Aspen Technology presently has an average rating of “Hold” and an average price target of $272.00.

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.