Sumitomo Mitsui Trust Holdings Inc. Has $91.51 Million Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 415,662 shares of the technology company’s stock after buying an additional 8,856 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.65% of Aspen Technology worth $91,508,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of AZPN. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Aspen Technology during the first quarter worth about $29,000. Compass Wealth Management LLC acquired a new position in shares of Aspen Technology during the fourth quarter worth about $29,000. Belpointe Asset Management LLC boosted its position in shares of Aspen Technology by 88.0% during the first quarter. Belpointe Asset Management LLC now owns 141 shares of the technology company’s stock worth $32,000 after buying an additional 66 shares during the period. UniSuper Management Pty Ltd bought a new stake in Aspen Technology during the second quarter worth about $34,000. Finally, CWM LLC raised its holdings in Aspen Technology by 43.9% during the third quarter. CWM LLC now owns 226 shares of the technology company’s stock worth $46,000 after acquiring an additional 69 shares in the last quarter. 45.66% of the stock is owned by institutional investors and hedge funds.

Aspen Technology Stock Down 0.2 %

NASDAQ:AZPN opened at $200.45 on Wednesday. The stock’s 50 day moving average price is $198.12 and its two-hundred day moving average price is $196.55. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of -148.48, a P/E/G ratio of 2.14 and a beta of 0.77. Aspen Technology, Inc. has a 12-month low of $161.32 and a 12-month high of $242.10.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.06). The business had revenue of $257.16 million during the quarter, compared to the consensus estimate of $259.70 million. Aspen Technology had a negative net margin of 8.17% and a positive return on equity of 2.38%. Equities research analysts expect that Aspen Technology, Inc. will post 5.82 EPS for the current year.

Analyst Ratings Changes

AZPN has been the topic of several analyst reports. Piper Sandler reiterated a “neutral” rating and set a $196.00 target price on shares of Aspen Technology in a report on Wednesday, February 7th. StockNews.com upgraded Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $210.25.

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.