Steph & Co. Sells 440 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Steph & Co. decreased its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 51.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 421 shares of the technology company’s stock after selling 440 shares during the quarter. Steph & Co.’s holdings in Aspen Technology were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Boston Trust Walden Corp raised its stake in Aspen Technology by 0.3% in the third quarter. Boston Trust Walden Corp now owns 19,264 shares of the technology company’s stock valued at $3,935,000 after buying an additional 56 shares during the period. First Manhattan Co. raised its stake in Aspen Technology by 4.4% in the fourth quarter. First Manhattan Co. now owns 1,338 shares of the technology company’s stock valued at $275,000 after buying an additional 57 shares during the period. Moneta Group Investment Advisors LLC increased its stake in shares of Aspen Technology by 3.8% during the fourth 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. Curated Wealth Partners LLC increased its stake in shares of Aspen Technology by 4.1% during the third quarter. Curated Wealth Partners LLC now owns 1,474 shares of the technology company’s stock worth $301,000 after purchasing an additional 58 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in shares of Aspen Technology by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 12,254 shares of the technology company’s stock worth $2,503,000 after purchasing an additional 60 shares during the period. Institutional investors own 45.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AZPN. Piper Sandler reiterated a “neutral” rating and set a $196.00 target price on shares of Aspen Technology in a research note on Wednesday, February 7th. StockNews.com upgraded Aspen Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Aspen Technology presently has an average rating of “Hold” and an average price target of $210.25.

Aspen Technology Trading Up 0.0 %

Shares of NASDAQ AZPN opened at $197.50 on Thursday. Aspen Technology, Inc. has a 1-year low of $161.32 and a 1-year high of $236.78. The business’s 50 day moving average is $198.36 and its 200-day moving average is $196.53.

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

Aspen Technology Company 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.