Aspen Technology, Inc. (NASDAQ:AZPN) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 28.0% during the third quarter, HoldingsChannel reports. The firm owned 3,889 shares of the technology company’s stock after buying an additional 851 shares during the period. Toronto Dominion Bank’s holdings in Aspen Technology were worth $929,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Aspen Technology in the 2nd quarter worth $824,000. Assenagon Asset Management S.A. increased its position in shares of Aspen Technology by 4.1% during the second quarter. Assenagon Asset Management S.A. now owns 1,536 shares of the technology company’s stock worth $305,000 after acquiring an additional 60 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Aspen Technology by 3.5% in the second quarter. Raymond James & Associates now owns 266,217 shares of the technology company’s stock worth $52,879,000 after acquiring an additional 9,051 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in Aspen Technology in the second quarter valued at about $90,000. Finally, &PARTNERS acquired a new stake in Aspen Technology during the 2nd quarter valued at approximately $722,000. 45.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AZPN has been the subject of several research analyst reports. Piper Sandler increased their target price on Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Loop Capital increased their price objective on shares of Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. StockNews.com began coverage on shares of Aspen Technology in a research report on Monday. They issued a “hold” rating for the company. Berenberg Bank cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Bank of America raised their target price on shares of Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $258.00.

Aspen Technology Trading Up 1.0 %

AZPN opened at $251.24 on Tuesday. The stock has a market cap of $15.89 billion, a price-to-earnings ratio of -433.17, a PEG ratio of 2.89 and a beta of 0.76. The stock has a fifty day moving average price of $243.53 and a 200 day moving average price of $221.36. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $254.44.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.54). Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The business had revenue of $215.90 million during the quarter, compared to the consensus estimate of $265.04 million. During the same period in the prior year, the company posted $0.96 earnings per share. The firm’s revenue was down 13.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Aspen Technology, Inc. will post 6.68 earnings per share for the current fiscal year.

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.