Robeco Institutional Asset Management B.V. Purchases 735 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Robeco Institutional Asset Management B.V. raised its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,634 shares of the technology company’s stock after acquiring an additional 735 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Aspen Technology were worth $70,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Alaska Permanent Fund Corp bought a new stake in Aspen Technology during the 4th quarter valued at approximately $2,957,000. Toronto Dominion Bank lifted its holdings in shares of Aspen Technology by 79,514.3% in the third quarter. Toronto Dominion Bank now owns 5,573 shares of the technology company’s stock worth $1,138,000 after buying an additional 5,566 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Aspen Technology by 2.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 415,662 shares of the technology company’s stock worth $91,508,000 after acquiring an additional 8,856 shares during the last quarter. Fiera Capital Corp grew its stake in Aspen Technology by 7.0% during the third quarter. Fiera Capital Corp now owns 198,913 shares of the technology company’s stock valued at $40,630,000 after acquiring an additional 13,009 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Aspen Technology by 12.9% in the 3rd quarter. Nordea Investment Management AB now owns 1,044,959 shares of the technology company’s stock valued at $215,920,000 after acquiring an additional 119,102 shares during the last quarter. 45.66% of the stock is currently owned by hedge funds and other institutional investors.

Aspen Technology Stock Up 0.9 %

Shares of AZPN opened at $220.96 on Friday. Aspen Technology, Inc. has a 52-week low of $161.32 and a 52-week high of $224.77. The company has a market cap of $13.99 billion, a PE ratio of -502.17, a P/E/G ratio of 2.77 and a beta of 0.76. The business has a fifty day moving average of $206.48 and a 200 day moving average of $199.58.

Wall Street Analysts Forecast Growth

Several research firms have commented on AZPN. Berenberg Bank raised shares of Aspen Technology from a “hold” rating to a “buy” rating and increased their price objective for the company from $185.00 to $255.00 in a report on Friday, May 17th. Piper Sandler cut their price target on Aspen Technology from $196.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Robert W. Baird upped their price objective on Aspen Technology from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. William Blair raised shares of Aspen Technology to a “hold” rating in a report on Tuesday, May 7th. Finally, StockNews.com upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Aspen Technology has an average rating of “Hold” and an average target price of $219.50.

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.