IFM Investors Pty Ltd Makes New $1.17 Million Investment in Aspen Technology, Inc. (NASDAQ:AZPN)

IFM Investors Pty Ltd acquired a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) in the 1st quarter, Holdings Channel reports. The firm acquired 5,467 shares of the technology company’s stock, valued at approximately $1,166,000.

A number of other institutional investors also recently modified their holdings of the stock. CWM LLC grew its holdings in Aspen Technology by 43.9% in the third quarter. CWM LLC now owns 226 shares of the technology company’s stock worth $46,000 after purchasing an additional 69 shares during the period. Principal Securities Inc. acquired a new stake in shares of Aspen Technology in the 4th quarter valued at about $73,000. Fifth Third Bancorp increased its position in Aspen Technology by 94.4% in the 3rd quarter. Fifth Third Bancorp now owns 350 shares of the technology company’s stock valued at $71,000 after buying an additional 170 shares in the last quarter. Signaturefd LLC raised its stake 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 buying an additional 300 shares during the period. Finally, Steph & Co. boosted its holdings in Aspen Technology by 87.9% in the first quarter. Steph & Co. now owns 791 shares of the technology company’s stock worth $169,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Piper Sandler reaffirmed a “neutral” rating and issued a $196.00 price target on shares of Aspen Technology in a research 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $203.67.

Aspen Technology Stock Up 0.2 %

NASDAQ:AZPN traded up $0.43 during trading hours on Friday, hitting $198.43. 92,381 shares of the company traded hands, compared to its average volume of 165,960. The company has a market cap of $12.61 billion, a PE ratio of -146.98, a PEG ratio of 2.01 and a beta of 0.77. The firm’s 50-day simple moving average is $200.22 and its 200-day simple moving average is $196.28. Aspen Technology, Inc. has a one year low of $161.32 and a one year high of $224.77.

Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Tuesday, February 6th. The technology company reported $1.17 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $257.16 million during the quarter, compared to analysts’ expectations of $259.70 million. As a group, equities research analysts expect that Aspen Technology, Inc. will post 5.82 EPS for the current 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.