ExodusPoint Capital Management LP Invests $6.63 Million in Aspen Technology, Inc. (NASDAQ:AZPN)

ExodusPoint Capital Management LP acquired a new stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 26,551 shares of the technology company’s stock, valued at approximately $6,628,000.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Aspen Technology during the fourth quarter valued at $26,000. Atala Financial Inc purchased a new stake in Aspen Technology during the 4th quarter valued at about $44,000. Jones Financial Companies Lllp increased its stake in Aspen Technology by 965.0% during the 4th quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock valued at $53,000 after purchasing an additional 193 shares in the last quarter. Blue Trust Inc. raised its holdings in Aspen Technology by 5,700.0% in the fourth quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock worth $58,000 after buying an additional 228 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Aspen Technology by 30.1% in the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AZPN. StockNews.com began coverage on shares of Aspen Technology in a report on Sunday, March 30th. They issued a “hold” rating for the company. Robert W. Baird restated a “neutral” rating and issued a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Baird R W cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Piper Sandler boosted their target price on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and raised their price target for the company from $265.00 to $315.00 in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $272.00.

Aspen Technology Stock Performance

AZPN stock opened at $264.33 on Friday. The company has a market cap of $16.73 billion, a price-to-earnings ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73. The business’s 50-day moving average is $264.66 and its two-hundred day moving average is $251.78. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $277.37.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. Equities analysts predict that Aspen Technology, Inc. will post 6.7 earnings per share for the current 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.