Wealth Alliance purchased a new stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,059 shares of the technology company’s stock, valued at approximately $216,000.
Several other hedge funds have also bought and sold shares of AZPN. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Aspen Technology during the 1st quarter valued at about $29,000. Compass Wealth Management LLC bought a new position in Aspen Technology in the 4th quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Aspen Technology by 105.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 179 shares of the technology company’s stock valued at $30,000 after purchasing an additional 92 shares during the last quarter. Belpointe Asset Management LLC raised its stake in shares of Aspen Technology by 88.0% in the first quarter. Belpointe Asset Management LLC now owns 141 shares of the technology company’s stock worth $32,000 after purchasing an additional 66 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Aspen Technology by 77.5% during the second quarter. Signaturefd LLC now owns 197 shares of the technology company’s stock valued at $33,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 43.94% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on AZPN shares. StockNews.com raised Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and raised their target price for the stock from $180.00 to $213.00 in a report on Friday, December 1st. Piper Sandler reiterated a “neutral” rating and set a $196.00 target price on shares of Aspen Technology in a research note on Wednesday, February 7th. Finally, Robert W. Baird upgraded Aspen Technology from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $194.00 to $202.00 in a research note on Tuesday, November 14th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $210.25.
Aspen Technology Price Performance
NASDAQ:AZPN opened at $187.84 on Tuesday. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of -139.14, a price-to-earnings-growth ratio of 1.89 and a beta of 0.77. The business has a fifty day moving average price of $204.28 and a 200-day moving average price of $194.80. Aspen Technology, Inc. has a one year low of $161.32 and a one year high of $247.96.
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.
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