Fisher Asset Management LLC Sells 32,781 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Fisher Asset Management LLC cut its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 16.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 169,997 shares of the technology company’s stock after selling 32,781 shares during the quarter. Fisher Asset Management LLC’s holdings in Aspen Technology were worth $37,425,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AZPN. Fifth Third Bancorp increased its position in shares of Aspen Technology by 94.4% during the third quarter. Fifth Third Bancorp now owns 350 shares of the technology company’s stock worth $71,000 after buying an additional 170 shares during the period. Signaturefd LLC grew its holdings in Aspen Technology by 152.3% during the 3rd quarter. Signaturefd LLC now owns 497 shares of the technology company’s stock worth $102,000 after acquiring an additional 300 shares during the period. Steph & Co. grew its holdings in Aspen Technology by 49.2% during the 3rd quarter. Steph & Co. now owns 861 shares of the technology company’s stock worth $176,000 after acquiring an additional 284 shares during the period. Austin Private Wealth LLC bought a new position in shares of Aspen Technology in the 4th quarter worth about $202,000. Finally, Quantum Private Wealth LLC acquired a new position in shares of Aspen Technology in the 3rd quarter valued at about $202,000. Institutional investors own 45.66% of the company’s stock.

Aspen Technology Stock Performance

Shares of AZPN opened at $202.10 on Friday. Aspen Technology, Inc. has a one year low of $161.32 and a one year high of $224.77. The stock has a 50-day moving average of $202.15 and a 200-day moving average of $196.30.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.06). The firm had revenue of $257.16 million during the quarter, compared to the consensus estimate of $259.70 million. Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. As a group, analysts forecast that Aspen Technology, Inc. will post 5.82 EPS for the current year.

Wall Street Analyst Weigh In

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

About Aspen Technology

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.