StockNews.com Upgrades Aspen Technology (NASDAQ:AZPN) to “Hold”

StockNews.com upgraded shares of Aspen Technology (NASDAQ:AZPNFree Report) from a sell rating to a hold rating in a research note released on Wednesday.

AZPN has been the subject of a number of other reports. Loop Capital upgraded shares of Aspen Technology from a hold rating to a buy rating and upped their price target for the company from $180.00 to $213.00 in a report on Friday, December 1st. Robert W. Baird raised shares of Aspen Technology from a neutral rating to an outperform rating and upped their price objective for the company from $194.00 to $202.00 in a research report on Tuesday, November 14th. Finally, Piper Sandler reaffirmed a neutral rating and set a $196.00 price objective on shares of Aspen Technology in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $210.25.

Read Our Latest Stock Analysis on AZPN

Aspen Technology Stock Down 1.5 %

Shares of NASDAQ:AZPN opened at $186.95 on Wednesday. The company’s fifty day moving average is $204.28 and its two-hundred day moving average is $194.65. Aspen Technology has a 12-month low of $161.32 and a 12-month high of $247.96. The company has a market cap of $11.88 billion, a P/E ratio of -138.48, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77.

Institutional Trading of Aspen Technology

Hedge funds have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Aspen Technology in the first quarter valued at approximately $29,000. Compass Wealth Management LLC bought a new position in Aspen Technology in the fourth quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Aspen Technology by 105.7% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 179 shares of the technology company’s stock valued at $30,000 after acquiring an additional 92 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in Aspen Technology by 88.0% in the first quarter. Belpointe Asset Management LLC now owns 141 shares of the technology company’s stock valued at $32,000 after acquiring an additional 66 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Aspen Technology by 77.5% in the second quarter. Signaturefd LLC now owns 197 shares of the technology company’s stock valued at $33,000 after acquiring an additional 86 shares during the last quarter. 43.94% of the stock is owned by institutional investors.

About Aspen Technology

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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.

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Analyst Recommendations for Aspen Technology (NASDAQ:AZPN)

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