MML Investors Services LLC Purchases 62 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

MML Investors Services LLC boosted its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,838 shares of the technology company’s stock after purchasing an additional 62 shares during the period. MML Investors Services LLC’s holdings in Aspen Technology were worth $678,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AZPN. XTX Topco Ltd bought a new stake in shares of Aspen Technology during the third quarter worth $1,554,000. Weiss Asset Management LP bought a new stake in Aspen Technology during the 3rd quarter valued at about $375,000. Quantinno Capital Management LP purchased a new stake in Aspen Technology in the 3rd quarter valued at about $377,000. Point72 DIFC Ltd bought a new position in Aspen Technology in the 3rd quarter worth about $518,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Aspen Technology during the third quarter worth approximately $19,928,000. Institutional investors own 45.66% of the company’s stock.

Aspen Technology Stock Performance

Shares of Aspen Technology stock opened at $250.72 on Friday. The company has a market capitalization of $15.86 billion, a PE ratio of -432.28, a P/E/G ratio of 2.89 and a beta of 0.76. The company has a 50-day simple moving average of $244.92 and a two-hundred day simple moving average of $222.69. Aspen Technology, Inc. has a one year low of $171.25 and a one year high of $254.44.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.54). The firm had revenue of $215.90 million for the quarter, compared to the consensus estimate of $265.04 million. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The company’s revenue was down 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS. On average, equities analysts predict that Aspen Technology, Inc. will post 6.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AZPN has been the subject of a number of research reports. Loop Capital boosted their price target on Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Berenberg Bank cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Piper Sandler raised their price target on Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Bank of America upped their price objective on shares of Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, Robert W. Baird raised their target price on shares of Aspen Technology from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Aspen Technology has a consensus rating of “Hold” and an average target price of $258.00.

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.