Livforsakringsbolaget Skandia Omsesidigt Makes New $48,000 Investment in Aspen Technology, Inc. (NASDAQ:AZPN)

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 200 shares of the technology company’s stock, valued at approximately $48,000.

A number of other large investors also recently made changes to their positions in AZPN. Tortoise Investment Management LLC grew its position in 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. boosted its stake in shares of Aspen Technology by 2,600.0% during the 2nd quarter. Mather Group LLC. now owns 135 shares of the technology company’s stock valued at $29,000 after buying an additional 130 shares during the period. Crewe Advisors LLC grew 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 valued at $31,000 after acquiring an additional 119 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Aspen Technology by 65.7% in the second quarter. GAMMA Investing LLC now owns 174 shares of the technology company’s stock worth $35,000 after acquiring an additional 69 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Aspen Technology during the second quarter worth $37,000. Institutional investors and hedge funds own 45.66% of the company’s stock.

Insider Buying and Selling at Aspen Technology

In other news, Director Jr. Robert M. Whelan sold 1,000 shares of Aspen Technology stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total value of $219,100.00. Following the transaction, the director now directly owns 8,540 shares in the company, valued at approximately $1,871,114. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

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

Aspen Technology Stock Performance

AZPN opened at $237.53 on Thursday. The firm has a market cap of $15.04 billion, a P/E ratio of -539.84, a price-to-earnings-growth ratio of 2.75 and a beta of 0.76. The business has a 50 day moving average price of $227.05 and a 200 day moving average price of $210.39. Aspen Technology, Inc. has a twelve month low of $162.26 and a twelve month high of $240.82.

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

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.