Aspen Technology (NASDAQ:AZPN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Aspen Technology (NASDAQ:AZPN) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

AZPN has been the topic of several other reports. KeyCorp reiterated a sector weight rating on shares of Aspen Technology in a research note on Wednesday, July 26th. Piper Sandler reissued a neutral rating and issued a $180.00 price target on shares of Aspen Technology in a report on Tuesday, November 7th. Robert W. Baird raised shares of Aspen Technology from a neutral rating to an outperform rating and increased their price target for the stock from $194.00 to $202.00 in a report on Tuesday, November 14th. Finally, Loop Capital increased their price target on shares of Aspen Technology from $170.00 to $180.00 in a report on Wednesday, August 2nd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $200.40.

Aspen Technology Price Performance

NASDAQ AZPN opened at $186.55 on Friday. Aspen Technology has a 1 year low of $161.32 and a 1 year high of $248.35. The stock has a market capitalization of $11.88 billion, a PE ratio of -91.90, a P/E/G ratio of 1.81 and a beta of 0.80. The company’s 50 day simple moving average is $189.54 and its two-hundred day simple moving average is $181.06.

Hedge Funds Weigh In On Aspen Technology

Several institutional investors and hedge funds have recently made changes to their positions in the business. ProShare Advisors LLC grew its holdings in shares of 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 last quarter. Boston Trust Walden Corp grew its holdings in 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 acquiring an additional 56 shares during the last quarter. First Manhattan Co. grew its holdings in 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 acquiring an additional 57 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in 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 acquiring an additional 57 shares during the last quarter. Finally, Curated Wealth Partners LLC grew 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 during the last quarter. Institutional investors own 43.94% of the company’s stock.

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.