Atala Financial Inc Makes New $44,000 Investment in Aspen Technology, Inc. (NASDAQ:AZPN)

Atala Financial Inc acquired a new position in Aspen Technology, Inc. (NASDAQ:AZPN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 177 shares of the technology company’s stock, valued at approximately $44,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its position in shares of Aspen Technology by 16.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,187 shares of the technology company’s stock valued at $522,000 after acquiring an additional 303 shares during the period. Aigen Investment Management LP bought a new position in shares of Aspen Technology during the 3rd quarter valued at approximately $362,000. Victory Capital Management Inc. grew its position in shares of Aspen Technology by 10.4% during the 3rd quarter. Victory Capital Management Inc. now owns 10,652 shares of the technology company’s stock valued at $2,544,000 after acquiring an additional 1,000 shares during the period. KBC Group NV grew its position in shares of Aspen Technology by 3.9% during the 3rd quarter. KBC Group NV now owns 40,966 shares of the technology company’s stock valued at $9,784,000 after acquiring an additional 1,535 shares during the period. Finally, Curi RMB Capital LLC grew its position in shares of Aspen Technology by 0.4% during the 3rd quarter. Curi RMB Capital LLC now owns 21,286 shares of the technology company’s stock valued at $5,084,000 after acquiring an additional 79 shares during the period. 45.66% of the stock is owned by institutional investors.

Aspen Technology Price Performance

NASDAQ AZPN opened at $264.33 on Friday. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $277.37. The stock has a market capitalization of $16.73 billion, a PE ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73. The company’s 50 day simple moving average is $261.08 and its two-hundred day simple moving average is $247.69.

Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that Aspen Technology, Inc. will post 6.7 EPS for the current year.

Wall Street Analyst Weigh In

AZPN has been the subject of a number of research reports. Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and increased their target price for the company from $265.00 to $315.00 in a research report on Monday, February 10th. Robert W. Baird restated a “neutral” rating and set a $265.00 price target (down from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. StockNews.com initiated coverage on shares of Aspen Technology in a research note on Friday. They set a “hold” rating on the stock. Baird R W cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Finally, 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. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently 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.