SG Americas Securities LLC Sells 5,598 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

SG Americas Securities LLC lessened its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 82.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,202 shares of the technology company’s stock after selling 5,598 shares during the period. SG Americas Securities LLC’s holdings in Aspen Technology were worth $300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Aspen Technology by 89.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock worth $86,799,000 after acquiring an additional 171,351 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Aspen Technology by 31.0% during the third quarter. Brown Brothers Harriman & Co. now owns 166,352 shares of the technology company’s stock worth $39,728,000 after purchasing an additional 39,396 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Aspen Technology by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 167,832 shares of the technology company’s stock valued at $40,082,000 after purchasing an additional 10,327 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Aspen Technology by 15.9% in the third quarter. Citigroup Inc. now owns 23,240 shares of the technology company’s stock valued at $5,550,000 after purchasing an additional 3,186 shares in the last quarter. Finally, Atomi Financial Group Inc. bought a new position in Aspen Technology in the 4th quarter worth approximately $216,000. 45.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com assumed coverage on Aspen Technology in a research report on Sunday. They issued a “hold” rating on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Piper Sandler boosted their price objective on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Baird R W downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Loop Capital downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating and boosted their price target for the stock from $260.00 to $265.00 in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $262.00.

Aspen Technology Trading Up 0.5 %

Shares of AZPN opened at $265.25 on Thursday. The stock has a market cap of $16.78 billion, a P/E ratio of -457.33, a price-to-earnings-growth ratio of 3.00 and a beta of 0.76. The stock’s 50-day moving average price is $253.07 and its two-hundred day moving average price is $235.85. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $265.25.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities analysts forecast that Aspen Technology, Inc. will post 6.68 EPS for the current year.

Aspen Technology Company 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.