New York State Teachers Retirement System Acquires 500 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)
New York State Teachers Retirement System increased its holdings in Aspen Technology, Inc. (NASDAQ:AZPN - Get Rating) by 2.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 23,806 shares of the technology company's stock after buying an additional 500 shares during the quarter. New York State Teachers Retirement System's holdings in Aspen Technology were worth $5,671,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Allianz Asset Management GmbH grew its stake in shares of Aspen Technology by 146.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 419,868 shares of the technology company's stock valued at $77,121,000 after purchasing an additional 249,553 shares during the period. Raymond James & Associates grew its stake in shares of Aspen Technology by 211.5% during the 3rd quarter. Raymond James & Associates now owns 168,349 shares of the technology company's stock valued at $40,101,000 after purchasing an additional 114,312 shares during the period. First Trust Advisors LP bought a new stake in shares of Aspen Technology during the 1st quarter valued at about $16,300,000. Goldman Sachs Group Inc. grew its stake in shares of Aspen Technology by 23.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 288,277 shares of the technology company's stock valued at $52,950,000 after purchasing an additional 53,990 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Aspen Technology by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,336,062 shares of the technology company's stock valued at $1,047,795,000 after purchasing an additional 51,393 shares during the period. 44.40% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on AZPN shares. Piper Sandler boosted their price target on Aspen Technology from $189.00 to $240.00 and gave the company a "neutral" rating in a research note on Monday, September 19th. KeyCorp lifted their price objective on Aspen Technology from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, October 27th. Berenberg Bank started coverage on Aspen Technology in a research report on Wednesday. They set a "hold" rating and a $210.00 price objective on the stock. Robert W. Baird lifted their price objective on Aspen Technology to $242.00 in a research report on Thursday, October 27th. Finally, StockNews.com started coverage on Aspen Technology in a research report on Wednesday, October 12th. They set a "hold" rating on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Aspen Technology has a consensus rating of "Hold" and an average target price of $237.83.
Aspen Technology Trading Down 1.2 %
NASDAQ AZPN opened at $200.74 on Friday. The stock's 50 day moving average is $219.00 and its 200 day moving average is $218.17. Aspen Technology, Inc. has a 12 month low of $135.48 and a 12 month high of $263.59. The stock has a market cap of $12.96 billion, a PE ratio of 66.91, a P/E/G ratio of 1.86 and a beta of 1.01.
Aspen Technology (NASDAQ:AZPN - Get Rating) last posted its quarterly earnings results on Wednesday, October 26th. The technology company reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.89. Aspen Technology had a return on equity of 5.75% and a net margin of 21.55%. The company had revenue of $250.82 million for the quarter, compared to analysts' expectations of $236.76 million. During the same period in the previous year, the firm earned $0.65 EPS. The firm's revenue was up 84.4% compared to the same quarter last year. On average, analysts forecast that Aspen Technology, Inc. will post 5.99 EPS for the current fiscal year.
Insider Transactions at Aspen Technology
In other news, VP F G. Hammond sold 2,495 shares of the company's stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $223.75, for a total transaction of $558,256.25. Following the sale, the vice president now directly owns 20,152 shares of the company's stock, valued at approximately $4,509,010. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.
About Aspen Technology
Aspen Technology, Inc provides enterprise asset performance management, asset performance monitoring, and asset optimization solutions worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. It offers artificial intelligence of things, aspen hybrid models, asset performance management, OSI digital grid management, and performance engineering; production optimization for commodity polymers, olefins, refining, and specialty chemicals; subsurface science and engineering; and value chain optimization for energy and polymers and specialty chemicals solutions.
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