Norden Group LLC Has $341,000 Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Norden Group LLC cut its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 16.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,551 shares of the technology company’s stock after selling 295 shares during the period. Norden Group LLC’s holdings in Aspen Technology were worth $341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AZPN. CWM LLC lifted its holdings in Aspen Technology by 43.9% during the 3rd quarter. CWM LLC now owns 226 shares of the technology company’s stock valued at $46,000 after purchasing an additional 69 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Aspen Technology by 14.2% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,850 shares of the technology company’s stock valued at $3,442,000 after acquiring an additional 2,100 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Aspen Technology by 20.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 30,899 shares of the technology company’s stock worth $6,311,000 after purchasing an additional 5,271 shares in the last quarter. Xponance Inc. increased its position in shares of Aspen Technology by 2.2% in the third quarter. Xponance Inc. now owns 3,574 shares of the technology company’s stock worth $730,000 after purchasing an additional 76 shares during the last quarter. Finally, Snider Financial Group increased its position in shares of Aspen Technology by 1.8% in the third quarter. Snider Financial Group now owns 15,680 shares of the technology company’s stock worth $3,203,000 after purchasing an additional 273 shares during the last quarter. 45.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Piper Sandler reiterated a “neutral” rating and issued a $196.00 target price on shares of Aspen Technology in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $203.67.

Aspen Technology Price Performance

Shares of NASDAQ AZPN opened at $195.18 on Thursday. The stock has a market capitalization of $12.40 billion, a P/E ratio of -144.58, a PEG ratio of 2.03 and a beta of 0.77. Aspen Technology, Inc. has a one year low of $161.32 and a one year high of $224.77. The firm’s 50 day simple moving average is $201.35 and its two-hundred day simple moving average is $196.25.

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). The business had revenue of $257.16 million for the quarter, compared to the consensus estimate of $259.70 million. Aspen Technology had a negative net margin of 8.17% and a positive return on equity of 2.38%. As a group, equities analysts expect that Aspen Technology, Inc. will post 5.82 earnings per share for the current fiscal year.

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.