Linden Thomas Advisory Services LLC Acquires 70 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Linden Thomas Advisory Services LLC grew its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 0.6% during the 4th quarter, Holdings Channel reports. The fund owned 11,064 shares of the technology company’s stock after buying an additional 70 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Aspen Technology were worth $2,762,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. increased its holdings in Aspen Technology by 37,990.7% in 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. JPMorgan Chase & Co. boosted its position in shares of Aspen Technology by 89.2% in the third quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock worth $86,799,000 after purchasing an additional 171,351 shares during the period. International Assets Investment Management LLC bought a new position in shares of Aspen Technology in the third quarter worth approximately $290,880,000. American Capital Management Inc. increased its stake in shares of Aspen Technology by 116.9% in the third quarter. American Capital Management Inc. now owns 195,271 shares of the technology company’s stock worth $46,635,000 after purchasing an additional 105,254 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Aspen Technology during the 3rd quarter valued at $19,928,000. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Analyst Upgrades and Downgrades

AZPN has been the subject of several recent analyst reports. Robert W. Baird increased their price target on Aspen Technology from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Piper Sandler increased their target price on Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. StockNews.com started coverage on Aspen Technology in a report on Saturday. They issued a “hold” rating on the stock. Finally, Berenberg Bank lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Aspen Technology has an average rating of “Hold” and a consensus price target of $258.00.

Aspen Technology Trading Down 0.2 %

NASDAQ:AZPN opened at $255.16 on Friday. The business’s 50-day moving average is $250.59 and its 200 day moving average is $231.65. Aspen Technology, Inc. has a 12 month low of $171.25 and a 12 month high of $259.85. The company has a market capitalization of $16.14 billion, a P/E ratio of -439.93, a P/E/G ratio of 2.94 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $215.90 million for the quarter, compared to analysts’ expectations of $265.04 million. During the same period last year, the company earned $0.96 earnings per share. The firm’s revenue was down 13.4% on a year-over-year basis. On average, research analysts forecast that Aspen Technology, Inc. will post 6.68 earnings per share for the current year.

Aspen Technology Company 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.