Hantz Financial Services Inc. Has $209,000 Stock Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Hantz Financial Services Inc. lowered its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 12.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 839 shares of the technology company’s stock after selling 120 shares during the quarter. Hantz Financial Services Inc.’s holdings in Aspen Technology were worth $209,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in shares of Aspen Technology by 37,990.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock valued at $158,318,000 after buying an additional 632,545 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Aspen Technology by 89.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock valued at $86,799,000 after acquiring an additional 171,351 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Aspen Technology in the 3rd quarter worth approximately $290,880,000. American Capital Management Inc. grew its holdings in shares of Aspen Technology by 116.9% during the 3rd 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 third quarter valued at approximately $19,928,000. 45.66% of the stock is owned by institutional investors.

Aspen Technology Trading Down 0.4 %

NASDAQ:AZPN opened at $263.55 on Friday. The stock has a market capitalization of $16.67 billion, a P/E ratio of -454.40, a price-to-earnings-growth ratio of 3.01 and a beta of 0.76. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $265.05. The firm has a 50 day moving average of $252.23 and a 200-day moving average of $234.38.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $215.90 million during the quarter, compared to analyst estimates of $265.04 million. During the same period in the prior year, the firm posted $0.96 EPS. Aspen Technology’s revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, analysts forecast that Aspen Technology, Inc. will post 6.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Berenberg Bank cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Piper Sandler increased their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Robert W. Baird reaffirmed a “neutral” rating and set a $265.00 price objective (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Finally, StockNews.com began coverage on Aspen Technology in a report on Sunday. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $261.00.

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.