OneDigital Investment Advisors LLC Has $624,000 Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

OneDigital Investment Advisors LLC grew its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 2.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,613 shares of the technology company’s stock after purchasing an additional 73 shares during the period. OneDigital Investment Advisors LLC’s holdings in Aspen Technology were worth $624,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AZPN. Curi RMB Capital LLC boosted its holdings in shares of Aspen Technology by 0.4% during the third quarter. Curi RMB Capital LLC now owns 21,286 shares of the technology company’s stock worth $5,084,000 after purchasing an additional 79 shares during the period. KBC Group NV boosted its holdings in shares of Aspen Technology by 3.9% during the third quarter. KBC Group NV now owns 40,966 shares of the technology company’s stock worth $9,784,000 after purchasing an additional 1,535 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Aspen Technology by 10.4% during the third quarter. Victory Capital Management Inc. now owns 10,652 shares of the technology company’s stock worth $2,544,000 after purchasing an additional 1,000 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Aspen Technology during the third quarter worth approximately $362,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Aspen Technology by 5.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 582,682 shares of the technology company’s stock worth $139,156,000 after purchasing an additional 28,820 shares during the period. 45.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jr. Robert M. Whelan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $219.10, for a total transaction of $219,100.00. Following the completion of the sale, the director now owns 8,540 shares in the company, valued at $1,871,114. The trade was a 10.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on AZPN. Bank of America lifted their target price on shares of Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Piper Sandler lifted their target price on shares of Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. StockNews.com began coverage on shares of Aspen Technology in a research note on Thursday, November 14th. They issued a “hold” rating for the company. Robert W. Baird lifted their target price on shares of Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Berenberg Bank cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $253.00.

Aspen Technology Stock Performance

AZPN opened at $245.30 on Thursday. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $249.91. The company has a market capitalization of $15.52 billion, a P/E ratio of -426.26, a P/E/G ratio of 2.81 and a beta of 0.76. The stock has a fifty day moving average of $237.41 and a 200-day moving average of $216.61.

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