Assenagon Asset Management S.A. Sells 4,540 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Assenagon Asset Management S.A. trimmed its holdings in Aspen Technology, Inc. (NASDAQ:AZPNFree Report) by 74.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,521 shares of the technology company’s stock after selling 4,540 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Aspen Technology were worth $311,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. ProShare Advisors LLC increased its position in Aspen Technology by 2.9% during the 2nd quarter. ProShare Advisors LLC now owns 1,949 shares of the technology company’s stock valued at $327,000 after purchasing an additional 55 shares during the period. Boston Trust Walden Corp lifted its stake in shares of Aspen Technology by 0.3% in the 3rd quarter. Boston Trust Walden Corp now owns 19,264 shares of the technology company’s stock worth $3,935,000 after purchasing an additional 56 shares during the period. First Manhattan Co. lifted its stake in shares of Aspen Technology by 4.4% in the 4th quarter. First Manhattan Co. now owns 1,338 shares of the technology company’s stock worth $275,000 after purchasing an additional 57 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of Aspen Technology by 3.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,568 shares of the technology company’s stock worth $322,000 after purchasing an additional 57 shares during the period. Finally, Curated Wealth Partners LLC increased its holdings in Aspen Technology by 4.1% in the 3rd quarter. Curated Wealth Partners LLC now owns 1,474 shares of the technology company’s stock worth $301,000 after acquiring an additional 58 shares in the last quarter. 43.94% of the stock is owned by institutional investors.

Aspen Technology Trading Down 0.5 %

NASDAQ:AZPN opened at $192.41 on Thursday. Aspen Technology, Inc. has a twelve month low of $161.32 and a twelve month high of $247.96. The company has a market cap of $12.26 billion, a price-to-earnings ratio of -94.78, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77. The stock has a fifty day simple moving average of $204.47 and a 200-day simple moving average of $194.44.

Aspen Technology (NASDAQ:AZPNGet Free Report) last announced its quarterly earnings results on Monday, November 6th. The technology company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.23). Aspen Technology had a negative net margin of 12.57% and a positive return on equity of 1.83%. The firm had revenue of $249.31 million for the quarter, compared to analysts’ expectations of $258.31 million. As a group, equities research analysts predict that Aspen Technology, Inc. will post 5.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AZPN has been the subject of a number of research analyst reports. Piper Sandler reaffirmed a “neutral” rating and set a $196.00 price objective on shares of Aspen Technology in a report on Wednesday. Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and increased their target price for the company from $180.00 to $213.00 in a research report on Friday, December 1st. Robert W. Baird upgraded Aspen Technology from a “neutral” rating to an “outperform” rating and increased their target price for the company from $194.00 to $202.00 in a research report on Tuesday, November 14th. Finally, StockNews.com upgraded Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Aspen Technology presently has an average rating of “Hold” and a consensus price target of $210.25.

Read Our Latest Report on AZPN

About Aspen Technology

(Free Report)

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.

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Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

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