Aspen Technology, Inc. (NASDAQ:AZPN) Stock Position Increased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 2.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,945 shares of the technology company’s stock after buying an additional 274 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Aspen Technology were worth $2,630,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Aspen Technology by 116.1% in the 3rd quarter. Wellington Management Group LLP now owns 567,200 shares of the technology company’s stock worth $115,856,000 after acquiring an additional 304,712 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Aspen Technology in the 4th quarter worth $31,309,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Aspen Technology by 3.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,721,956 shares of the technology company’s stock worth $760,247,000 after acquiring an additional 124,934 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of 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 worth $215,920,000 after acquiring an additional 119,102 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Aspen Technology by 30.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 134,486 shares of the technology company’s stock worth $27,470,000 after acquiring an additional 31,565 shares during the last quarter. Institutional investors own 45.66% of the company’s stock.

Aspen Technology Stock Performance

Shares of AZPN stock traded up $1.65 on Tuesday, reaching $198.73. 82,453 shares of the company’s stock traded hands, compared to its average volume of 197,113. Aspen Technology, Inc. has a 12-month low of $161.32 and a 12-month high of $235.45. The business’s 50 day moving average price is $198.91 and its two-hundred day moving average price is $196.42.

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

Wall Street Analysts Forecast Growth

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

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.