Sapient Capital LLC Purchases Shares of 3,035 Aspen Technology, Inc. (NASDAQ:AZPN)

Sapient Capital LLC purchased a new stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) during the 4th quarter, HoldingsChannel reports. The firm purchased 3,035 shares of the technology company’s stock, valued at approximately $668,000.

Several other large investors have also added to or reduced their stakes in AZPN. Fifth Third Bancorp lifted its holdings 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 valued at $71,000 after buying an additional 170 shares during the period. Signaturefd LLC raised its holdings in 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 purchasing an additional 300 shares during the period. Steph & Co. raised its holdings in 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 purchasing an additional 284 shares during the period. Quantum Private Wealth LLC acquired a new position in Aspen Technology in the 3rd quarter worth about $202,000. Finally, Austin Private Wealth LLC acquired a new position in Aspen Technology in the 4th quarter worth about $202,000. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Aspen Technology Price Performance

Shares of AZPN stock traded up $0.73 during trading hours on Friday, reaching $202.10. The company had a trading volume of 276,688 shares, compared to its average volume of 166,374. The stock has a fifty day moving average of $202.15 and a 200-day moving average of $196.30. Aspen Technology, Inc. has a 12-month low of $161.32 and a 12-month high of $224.77.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.06). The firm 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%. Equities research analysts anticipate that Aspen Technology, Inc. will post 5.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AZPN shares. StockNews.com raised Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Piper Sandler reiterated a “neutral” rating and set a $196.00 price objective on shares of Aspen Technology in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $203.67.

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.