Aspen Technology, Inc. (NASDAQ:AZPN) Holdings Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 5.4% in the fourth quarter, HoldingsChannel reports. The fund owned 17,095 shares of the technology company’s stock after purchasing an additional 881 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Aspen Technology were worth $3,763,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Aspen Technology by 43.9% in the 3rd quarter. CWM LLC now owns 226 shares of the technology company’s stock worth $46,000 after acquiring an additional 69 shares during the period. Fifth Third Bancorp lifted its stake in shares of Aspen Technology by 94.4% in the 3rd quarter. Fifth Third Bancorp now owns 350 shares of the technology company’s stock worth $71,000 after acquiring an additional 170 shares during the period. Signaturefd LLC lifted its stake in shares of Aspen Technology by 152.3% in the 3rd quarter. Signaturefd LLC now owns 497 shares of the technology company’s stock worth $102,000 after acquiring an additional 300 shares during the period. Steph & Co. lifted its stake in shares of Aspen Technology by 49.2% in the 3rd quarter. Steph & Co. now owns 861 shares of the technology company’s stock worth $176,000 after acquiring an additional 284 shares during the period. Finally, Quantum Private Wealth LLC acquired a new stake in shares of Aspen Technology in the 3rd quarter worth approximately $202,000. 45.66% of the stock is owned by institutional investors and hedge funds.

Aspen Technology Price Performance

AZPN stock opened at $198.43 on Friday. Aspen Technology, Inc. has a 12 month low of $161.32 and a 12 month high of $224.77. The firm has a 50 day simple moving average of $200.22 and a 200 day simple moving average of $196.38.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Tuesday, February 6th. The technology company reported $1.17 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $259.70 million. As a group, research analysts expect that Aspen Technology, Inc. will post 5.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Aspen Technology 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.