Aspen Technology, Inc. (NASDAQ:AZPN) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 74.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,182 shares of the technology company’s stock after selling 12,384 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Aspen Technology were worth $1,044,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Aspen Technology in the fourth quarter valued at about $160,000. Pacer Advisors Inc. grew its position in shares of Aspen Technology by 45.2% in the fourth quarter. Pacer Advisors Inc. now owns 22,631 shares of the technology company’s stock valued at $5,649,000 after purchasing an additional 7,048 shares during the period. KBC Group NV grew its position in shares of Aspen Technology by 0.5% in the fourth quarter. KBC Group NV now owns 41,158 shares of the technology company’s stock valued at $10,274,000 after purchasing an additional 192 shares during the period. Blue Trust Inc. grew its position in shares of Aspen Technology by 7,575.0% in the fourth quarter. Blue Trust Inc. now owns 307 shares of the technology company’s stock valued at $73,000 after purchasing an additional 303 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its position in shares of Aspen Technology by 0.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 11,064 shares of the technology company’s stock valued at $2,762,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 45.66% of the company’s stock.

Aspen Technology Price Performance

Shares of AZPN stock opened at $263.97 on Wednesday. The firm’s 50-day moving average is $252.77 and its two-hundred day moving average is $235.65. Aspen Technology, Inc. has a 12 month low of $171.25 and a 12 month high of $265.05. The company has a market capitalization of $16.70 billion, a PE ratio of -455.12, a price-to-earnings-growth ratio of 3.00 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last issued its earnings results 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 negative net margin of 3.26% and a positive return on equity of 2.81%. Sell-side analysts forecast that Aspen Technology, Inc. will post 6.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Berenberg Bank lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. StockNews.com started coverage on shares of Aspen Technology in a research report on Sunday. They set a “hold” rating on the stock. Robert W. Baird restated a “neutral” rating and set a $265.00 price target (down from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Piper Sandler boosted their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $261.00.

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.