Securian Asset Management Inc. Sells 100 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Securian Asset Management Inc. lessened its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,966 shares of the technology company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Aspen Technology were worth $491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its stake in 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 valued at $158,318,000 after purchasing an additional 632,545 shares during the period. JPMorgan Chase & Co. raised its stake in Aspen Technology by 89.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock valued at $86,799,000 after purchasing an additional 171,351 shares during the period. Raymond James Financial Inc. bought a new stake in Aspen Technology during the 4th quarter valued at approximately $66,680,000. American Capital Management Inc. raised its stake in Aspen Technology by 116.9% during the 3rd quarter. American Capital Management Inc. now owns 195,271 shares of the technology company’s stock valued at $46,635,000 after purchasing an additional 105,254 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Aspen Technology by 5.8% during the 3rd quarter. Fisher Asset Management LLC now owns 187,109 shares of the technology company’s stock valued at $44,685,000 after purchasing an additional 10,325 shares during the period. Institutional investors own 45.66% of the company’s stock.

Aspen Technology Stock Performance

Shares of Aspen Technology stock opened at $264.33 on Tuesday. The stock has a market cap of $16.73 billion, a price-to-earnings ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. The stock has a 50 day moving average price of $261.31 and a 200-day moving average price of $248.36. Aspen Technology, Inc. has a one year low of $171.25 and a one year high of $277.37.

Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. Sell-side analysts predict that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Piper Sandler lifted their price objective on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Baird R W downgraded 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 lifted their price objective for the stock from $265.00 to $315.00 in a research note on Monday, February 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Finally, StockNews.com assumed coverage on Aspen Technology in a research note on Friday. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Aspen Technology has an average rating of “Hold” and a consensus 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.