Toronto Dominion Bank Increases Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Toronto Dominion Bank increased its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 9.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,038 shares of the technology company’s stock after purchasing an additional 265 shares during the quarter. Toronto Dominion Bank’s holdings in Aspen Technology were worth $603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Tortoise Investment Management LLC boosted its position in shares of Aspen Technology by 77.8% during the second quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company’s stock valued at $25,000 after purchasing an additional 56 shares in the last quarter. Mather Group LLC. lifted its position in shares of Aspen Technology by 2,600.0% in the second quarter. Mather Group LLC. now owns 135 shares of the technology company’s stock valued at $29,000 after acquiring an additional 130 shares in the last quarter. Crewe Advisors LLC raised its holdings in shares of Aspen Technology by 313.2% during the 2nd quarter. Crewe Advisors LLC now owns 157 shares of the technology company’s stock worth $31,000 after acquiring an additional 119 shares in the last quarter. GAMMA Investing LLC grew its holdings in Aspen Technology by 65.7% during the 2nd quarter. GAMMA Investing LLC now owns 174 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in Aspen Technology in the 2nd quarter worth about $37,000. 45.66% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total value of $219,100.00. Following the sale, the director now owns 8,540 shares in the company, valued at approximately $1,871,114. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AZPN. Loop Capital boosted their target price on Aspen Technology from $204.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Bank of America raised their price target on shares of Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Robert W. Baird boosted their price objective on Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Piper Sandler raised their target price on Aspen Technology from $200.00 to $217.00 and gave the stock a “neutral” rating in a report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $248.40.

Aspen Technology Stock Performance

AZPN opened at $238.82 on Tuesday. The business’s 50 day moving average price is $214.45 and its 200 day moving average price is $207.37. The stock has a market capitalization of $15.12 billion, a PE ratio of -542.77, a P/E/G ratio of 2.73 and a beta of 0.75. Aspen Technology, Inc. has a one year low of $162.26 and a one year high of $240.82.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.49. The firm had revenue of $342.91 million during the quarter, compared to the consensus estimate of $319.10 million. Aspen Technology had a positive return on equity of 2.96% and a negative net margin of 0.87%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $1.87 EPS. As a group, equities research analysts forecast that Aspen Technology, Inc. will post 6.53 earnings per share for the current fiscal year.

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.