Alliancebernstein L.P. Has $9.44 Million Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Alliancebernstein L.P. decreased its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,819 shares of the technology company’s stock after selling 567 shares during the quarter. Alliancebernstein L.P.’s holdings in Aspen Technology were worth $9,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Aspen Technology by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 2,831,209 shares of the technology company’s stock valued at $706,755,000 after purchasing an additional 36,497 shares during the period. Assenagon Asset Management S.A. lifted its position in Aspen Technology by 37,990.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock worth $158,318,000 after buying an additional 632,545 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Aspen Technology by 89.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock valued at $86,799,000 after buying an additional 171,351 shares during the period. Norges Bank acquired a new position in shares of Aspen Technology in the fourth quarter worth $70,813,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Aspen Technology during the fourth quarter worth $66,680,000. 45.66% of the stock is owned by institutional investors and hedge funds.

Aspen Technology Price Performance

Shares of AZPN opened at $264.33 on Friday. The company has a market capitalization of $16.73 billion, a PE ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a one year low of $171.25 and a one year high of $277.37. The company’s fifty day moving average price is $264.71 and its 200 day moving average price is $252.87.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. Analysts anticipate that Aspen Technology, Inc. will post 6.7 earnings per share for the current year.

Wall Street Analyst Weigh In

AZPN has been the topic of several research reports. Baird R W lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Robert W. Baird reaffirmed a “neutral” rating and set a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. StockNews.com initiated coverage on shares of Aspen Technology in a research report on Monday. They issued a “hold” rating for the company. Piper Sandler raised their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and upped their price objective for the stock from $265.00 to $315.00 in a report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Aspen Technology currently has a consensus rating of “Hold” and an average price target of $272.00.

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.