Aspen Technology, Inc. (NASDAQ:AZPN) Shares Bought by Curi RMB Capital LLC

Curi RMB Capital LLC increased its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 0.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 21,286 shares of the technology company’s stock after purchasing an additional 79 shares during the quarter. Curi RMB Capital LLC’s holdings in Aspen Technology were worth $5,084,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Empowered Funds LLC grew its position in Aspen Technology by 3.7% in the first quarter. Empowered Funds LLC now owns 4,108 shares of the technology company’s stock valued at $876,000 after acquiring an additional 146 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Aspen Technology during the 1st quarter valued at $211,000. Entropy Technologies LP acquired a new position in Aspen Technology in the 1st quarter worth $382,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Aspen Technology by 46.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,060 shares of the technology company’s stock valued at $3,639,000 after buying an additional 5,427 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Aspen Technology during the first quarter valued at about $469,000. 45.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Piper Sandler boosted their price target on Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Loop Capital upped their target price on Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Bank of America raised their price target on shares of Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Berenberg Bank cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, StockNews.com started coverage on shares of Aspen Technology in a report on Thursday. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Aspen Technology has a consensus rating of “Hold” and an average target price of $253.00.

Aspen Technology Trading Up 0.4 %

AZPN stock opened at $247.04 on Friday. The firm has a market cap of $15.63 billion, a P/E ratio of -425.93, a P/E/G ratio of 2.81 and a beta of 0.76. The stock’s 50 day simple moving average is $235.80 and its 200 day simple moving average is $215.15. Aspen Technology, Inc. has a 12-month low of $171.25 and a 12-month high of $249.91.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.54). Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The business had revenue of $215.90 million during the quarter, compared to the consensus estimate of $265.04 million. During the same quarter in the previous year, the business posted $0.96 earnings per share. The company’s quarterly revenue was down 13.4% compared to the same quarter last year. On average, research analysts forecast that Aspen Technology, Inc. will post 6.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other Aspen Technology news, Director Jr. Robert M. Whelan sold 1,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total value of $219,100.00. Following the sale, the director now directly owns 8,540 shares of the company’s stock, valued at $1,871,114. This trade represents a 10.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

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.