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7,900 shares in Aspen Technology, Inc. (NASDAQ:AZPN) acquired by Louisiana State Employees Retirement System


Louisiana State Employees Retirement System purchased a new position in shares of Aspen Technology, Inc. in the fourth quarter. (NASDAQ:AZPN – Free Report), according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The company purchased 7,900 shares of the technology company, worth approximately $1,739,000.

A number of other major investors have also recently increased or reduced their stakes in AZPN. Vanguard Group Inc. purchased a new stake in Aspen Technology during the third quarter worth approximately $662,551,000. Moneta Group Investment Advisors LLC grew its holdings in Aspen Technology by 103,662.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,567,858 shares of the technology company’s stock worth $322,038,000 after purchasing an additional 1,566,347 shares in the last quarter. BlackRock Inc. increased its stake in Aspen Technology by 26.6% during the first quarter. BlackRock Inc. now owns 4,820,843 shares of the technology company’s stock worth $1,103,346,000 after purchasing an additional 1,013,697 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Aspen Technology by 19.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,597,094 shares of the technology company’s stock worth $823,267,000 after purchasing an additional 585,945 shares in the last quarter. Finally, Norges Bank purchased a new stake in Aspen Technology in the fourth quarter worth approximately $77,022,000. 45.66% of the shares are currently held by institutional investors.

Aspen Technology Stock Performance

Shares of NASDAQ:AZPN opened at $196.59 on Friday. The company has a market cap of $12.49 billion, a price-to-earnings ratio of -145.62, a price-to-earnings growth ratio of 2.03, and a beta of 0.77. Aspen Technology, Inc. has a 52-week low of $161.32 and a 52-week high of $236.78. The company has a 50-day simple moving average of $198.36 and a 200-day simple moving average of $196.53.

Aspen Technology (NASDAQ:AZPN – Get Free Report) last reported its earnings results on Tuesday, February 6. The technology company reported earnings per share of $1.17 for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.06). Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. The company had revenue of $257.16 million during the quarter, compared to analyst expectations of $259.70 million. On average, stock analysts predict that Aspen Technology, Inc. will post earnings per share of 5.82 for the current year.

Wall Street analysts predict growth

Several equity research analysts have recently commented on AZPN stock. Piper Sandler reiterated a “neutral” rating and issued a $196.00 price target on shares of Aspen Technology in a research report on Wednesday, February 7. StockNews.com upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Aspen Technology has a consensus rating of ‘Hold’ and an average price target of $210.25.

View our latest stock analysis on AZPN

Aspen technology profile

(Free report)

Aspen Technology, Inc provides industrial software focused on helping customers in asset-intensive industries around the world. The company’s solutions address complex environments where it is critical to optimize the design, operation and maintenance lifecycle of assets. The software is used in the areas of performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital network management and industrial data management.

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Quarterly Institutional Ownership for Aspen Technology (NASDAQ:AZPN)



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