Everpar Advisors LLC Purchases New Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Everpar Advisors LLC acquired a new position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,219 shares of the technology company’s stock, valued at approximately $709,000.

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

Aspen Technology Stock Down 4.4 %

Shares of Aspen Technology stock traded down $8.77 during trading on Tuesday, reaching $188.77. 877,170 shares of the company were exchanged, compared to its average volume of 206,090. The business has a 50-day moving average price of $202.39 and a 200-day moving average price of $196.44. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of -139.83, a P/E/G ratio of 2.05 and a beta of 0.76. Aspen Technology, Inc. has a twelve month low of $161.32 and a twelve month high of $224.77.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Piper Sandler restated a “neutral” rating and set a $196.00 target price on shares of Aspen Technology in a research report on Wednesday, February 7th. StockNews.com raised Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $203.67.

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.