Strs Ohio Buys Shares of 4,988 Aspen Technology, Inc. (NASDAQ:AZPN)

Strs Ohio purchased a new position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,988 shares of the technology company’s stock, valued at approximately $1,098,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AZPN. CWM LLC boosted its holdings in shares of Aspen Technology by 43.9% during the 3rd quarter. CWM LLC now owns 226 shares of the technology company’s stock worth $46,000 after buying an additional 69 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Aspen Technology during the 3rd quarter worth approximately $1,812,000. Exchange Traded Concepts LLC bought a new position in shares of Aspen Technology during the 3rd quarter worth approximately $689,000. Boston Trust Walden Corp boosted its holdings in shares of Aspen Technology by 0.3% during the 3rd quarter. Boston Trust Walden Corp now owns 19,264 shares of the technology company’s stock worth $3,935,000 after buying an additional 56 shares in the last quarter. Finally, Oak Thistle LLC bought a new position in shares of Aspen Technology during the 3rd quarter worth approximately $556,000. 45.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Piper Sandler restated a “neutral” rating and set a $196.00 price target 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $210.25.

Aspen Technology Trading Up 0.6 %

NASDAQ AZPN opened at $198.19 on Wednesday. The firm has a market capitalization of $12.59 billion, a P/E ratio of -146.81, a PEG ratio of 2.01 and a beta of 0.77. The business has a fifty day simple moving average of $199.22 and a 200 day simple moving average of $196.39. Aspen Technology, Inc. has a 12 month low of $161.32 and a 12 month high of $235.45.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.06). The company had revenue of $257.16 million during the quarter, compared to analysts’ expectations of $259.70 million. Aspen Technology had a negative net margin of 8.17% and a positive return on equity of 2.38%. As a group, sell-side analysts predict that Aspen Technology, Inc. will post 5.82 EPS for the current fiscal year.

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.