Aspen Technology, Inc. (NASDAQ:AZPN) is Kayne Anderson Rudnick Investment Management LLC’s 3rd Largest Position

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 9.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,772,339 shares of the technology company’s stock after selling 386,352 shares during the quarter. Aspen Technology makes up approximately 2.2% of Kayne Anderson Rudnick Investment Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Kayne Anderson Rudnick Investment Management LLC owned about 5.96% of Aspen Technology worth $941,689,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AZPN. SBI Securities Co. Ltd. bought a new position in shares of Aspen Technology in the 4th quarter worth $26,000. Atala Financial Inc purchased a new position in Aspen Technology in the fourth quarter valued at about $44,000. Bessemer Group Inc. raised its holdings in Aspen Technology by 29.7% in the fourth quarter. Bessemer Group Inc. now owns 192 shares of the technology company’s stock worth $48,000 after purchasing an additional 44 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Aspen Technology by 965.0% during the fourth quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock valued at $53,000 after buying an additional 193 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Aspen Technology by 5,700.0% in the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock valued at $58,000 after buying an additional 228 shares in the last quarter. Institutional investors own 45.66% of the company’s stock.

Aspen Technology Price Performance

Shares of NASDAQ:AZPN opened at $264.33 on Friday. Aspen Technology, Inc. has a 52-week low of $171.25 and a 52-week high of $277.37. The stock has a market cap of $16.73 billion, a price-to-earnings ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73. The business has a 50-day moving average price of $264.42 and a 200-day moving average price of $254.09.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AZPN shares. StockNews.com began coverage on shares of Aspen Technology in a research report on Tuesday, April 15th. They set a “hold” rating for the company. Baird R W lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Piper Sandler boosted their target price on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and increased their price target for the company from $265.00 to $315.00 in a research note on Monday, February 10th. Finally, Robert W. Baird restated a “neutral” rating and set a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $272.00.

About Aspen Technology

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.