Aspen Technology, Inc. (NASDAQ:AZPN) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,682 shares of the technology company’s stock after selling 486 shares during the quarter. Amalgamated Bank’s holdings in Aspen Technology were worth $3,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AZPN. Alaska Permanent Fund Corp purchased a new stake in shares of Aspen Technology during the 4th quarter worth about $2,957,000. Toronto Dominion Bank increased its position in shares of Aspen Technology by 79,514.3% in the third quarter. Toronto Dominion Bank now owns 5,573 shares of the technology company’s stock worth $1,138,000 after acquiring an additional 5,566 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Aspen Technology by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 415,662 shares of the technology company’s stock valued at $91,508,000 after acquiring an additional 8,856 shares during the period. Fiera Capital Corp lifted its holdings in shares of Aspen Technology by 7.0% during the 3rd quarter. Fiera Capital Corp now owns 198,913 shares of the technology company’s stock valued at $40,630,000 after acquiring an additional 13,009 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in Aspen Technology by 12.9% during the 3rd quarter. Nordea Investment Management AB now owns 1,044,959 shares of the technology company’s stock worth $215,920,000 after purchasing an additional 119,102 shares during the period. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com raised Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Piper Sandler dropped their target price on Aspen Technology from $196.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Robert W. Baird decreased their price target on Aspen Technology from $225.00 to $210.00 and set an “outperform” rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $201.00.

Aspen Technology Price Performance

Shares of Aspen Technology stock opened at $197.79 on Thursday. Aspen Technology, Inc. has a 1-year low of $161.32 and a 1-year high of $224.77. The business has a 50-day moving average of $202.53 and a 200-day moving average of $196.45. The company has a market capitalization of $12.57 billion, a PE ratio of -146.51, a P/E/G ratio of 2.05 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data 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 business had revenue of $257.16 million for the quarter, compared to analysts’ expectations of $259.70 million. Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. On average, equities analysts expect that Aspen Technology, Inc. will post 5.82 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.