Aspen Technology, Inc. (NASDAQ:AZPN) Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. lifted its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,197 shares of the technology company’s stock after acquiring an additional 184 shares during the period. iA Global Asset Management Inc.’s holdings in Aspen Technology were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. LRI Investments LLC raised its position in shares of Aspen Technology by 6.7% in the second quarter. LRI Investments LLC now owns 862 shares of the technology company’s stock valued at $171,000 after buying an additional 54 shares during the last quarter. OFI Invest Asset Management lifted its stake in Aspen Technology by 7.4% in the 2nd quarter. OFI Invest Asset Management now owns 872 shares of the technology company’s stock worth $162,000 after purchasing an additional 60 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Aspen Technology by 4.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,536 shares of the technology company’s stock worth $305,000 after purchasing an additional 60 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Aspen Technology by 2.5% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 2,654 shares of the technology company’s stock worth $527,000 after purchasing an additional 65 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Aspen Technology by 65.7% in the second quarter. GAMMA Investing LLC now owns 174 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. 45.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler reduced their price objective on Aspen Technology from $196.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Robert W. Baird lifted their price target on Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. William Blair raised shares of Aspen Technology to a “hold” rating in a report on Tuesday, May 7th. Finally, Berenberg Bank raised shares of Aspen Technology from a “hold” rating to a “buy” rating and lifted their target price for the stock from $185.00 to $255.00 in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $224.50.

Insider Buying and Selling at Aspen Technology

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of Aspen Technology stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total value of $219,100.00. Following the completion of the transaction, the director now owns 8,540 shares in the company, valued at $1,871,114. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Aspen Technology Stock Performance

NASDAQ:AZPN opened at $234.14 on Friday. Aspen Technology, Inc. has a fifty-two week low of $162.26 and a fifty-two week high of $235.10. The company has a 50 day moving average price of $200.61 and a 200 day moving average price of $201.58. The stock has a market capitalization of $14.83 billion, a P/E ratio of -532.14, a PEG ratio of 2.26 and a beta of 0.73.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $1.88 by $0.49. The business had revenue of $342.91 million during the quarter, compared to analyst estimates of $319.10 million. Aspen Technology had a positive return on equity of 2.76% and a negative net margin of 2.46%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $1.87 earnings per share. Research analysts forecast that Aspen Technology, Inc. will post 5.52 earnings per share for the current fiscal 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.