Segall Bryant & Hamill LLC Has $7.01 Million Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Segall Bryant & Hamill LLC raised its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 10.4% in the 4th quarter, HoldingsChannel reports. The firm owned 28,096 shares of the technology company’s stock after buying an additional 2,637 shares during the period. Segall Bryant & Hamill LLC’s holdings in Aspen Technology were worth $7,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Aspen Technology during the 4th quarter worth about $26,000. Atala Financial Inc bought a new position in Aspen Technology in the 4th quarter valued at about $44,000. Jones Financial Companies Lllp lifted its position in Aspen Technology by 965.0% during the fourth quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock worth $53,000 after acquiring an additional 193 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Aspen Technology by 5,700.0% during the fourth quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock worth $58,000 after acquiring an additional 228 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Aspen Technology by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after acquiring an additional 58 shares during the period. 45.66% of the stock is owned by institutional investors.

Aspen Technology Price Performance

AZPN opened at $264.33 on Thursday. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $277.37. The company has a 50-day simple moving average of $263.23 and a 200 day simple moving average of $249.95.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Baird R W cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. StockNews.com assumed coverage on Aspen Technology in a report on Saturday, March 22nd. They set a “hold” rating for the company. Piper Sandler upped their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Loop Capital upgraded shares of 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. Finally, Robert W. Baird restated a “neutral” rating and set a $265.00 target price (down previously from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $272.00.

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.