Slotnik Capital LLC Acquires Shares of 40,924 Aspen Technology, Inc. (NASDAQ:AZPN)

Slotnik Capital LLC bought a new position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) in the fourth quarter, HoldingsChannel reports. The firm bought 40,924 shares of the technology company’s stock, valued at approximately $10,216,000. Aspen Technology accounts for 4.6% of Slotnik Capital LLC’s investment portfolio, making the stock its 8th largest holding.

Several other large investors also recently modified their holdings of AZPN. SBI Securities Co. Ltd. purchased a new position in shares of Aspen Technology during the fourth quarter valued at approximately $26,000. Atala Financial Inc bought a new position in Aspen Technology in the 4th quarter worth $44,000. Jones Financial Companies Lllp raised its holdings in Aspen Technology by 965.0% in the 4th quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock worth $53,000 after purchasing an additional 193 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Aspen Technology by 5,700.0% in the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock worth $58,000 after purchasing an additional 228 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Aspen Technology by 30.1% during the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after purchasing an additional 58 shares in the last quarter. 45.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AZPN. 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. Piper Sandler raised their target price on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and boosted their price target for the stock from $265.00 to $315.00 in a research report on Monday, February 10th. StockNews.com started coverage on Aspen Technology in a research note on Sunday. They issued a “hold” rating on the stock. Finally, Robert W. Baird reiterated a “neutral” rating and set a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Aspen Technology has a consensus rating of “Hold” and a consensus target price of $272.00.

Aspen Technology Price Performance

AZPN stock opened at $264.33 on Thursday. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $277.37. The firm has a market capitalization of $16.73 billion, a P/E ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. The company has a fifty day simple moving average of $264.31 and a two-hundred day simple moving average of $251.30.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. As a group, analysts anticipate that Aspen Technology, Inc. will post 6.7 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.