Aigen Investment Management LP Grows Stock Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Aigen Investment Management LP lifted its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 144.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,699 shares of the technology company’s stock after buying an additional 2,183 shares during the quarter. Aigen Investment Management LP’s holdings in Aspen Technology were worth $923,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Aspen Technology by 89.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock valued at $86,799,000 after buying an additional 171,351 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Aspen Technology by 31.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 166,352 shares of the technology company’s stock valued at $39,728,000 after acquiring an additional 39,396 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Aspen Technology by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 167,832 shares of the technology company’s stock valued at $40,082,000 after acquiring an additional 10,327 shares during the last quarter. Citigroup Inc. increased its holdings in Aspen Technology by 15.9% in the 3rd quarter. Citigroup Inc. now owns 23,240 shares of the technology company’s stock valued at $5,550,000 after acquiring an additional 3,186 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Aspen Technology by 37,990.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock valued at $158,318,000 after acquiring an additional 632,545 shares during the last quarter. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Aspen Technology in a report on Thursday. They issued a “hold” rating on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $265.00 price target (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Berenberg Bank downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Piper Sandler lifted their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and lifted their price target for the company from $265.00 to $315.00 in a report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Aspen Technology has an average rating of “Hold” and a consensus target price of $272.00.

Aspen Technology Stock Up 0.1 %

Aspen Technology stock opened at $264.96 on Thursday. The company’s 50-day moving average price is $259.05 and its 200-day moving average price is $245.53. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $277.37. The company has a market cap of $16.77 billion, a PE ratio of 3,312.41, a price-to-earnings-growth ratio of 3.00 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. As a group, sell-side analysts expect that Aspen Technology, Inc. will post 6.7 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.