1,832 Shares in Aspen Technology, Inc. (NASDAQ:AZPN) Acquired by Callan Family Office LLC

Callan Family Office LLC purchased a new position in Aspen Technology, Inc. (NASDAQ:AZPN) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,832 shares of the technology company’s stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its holdings in Aspen Technology by 37,990.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock worth $158,318,000 after buying an additional 632,545 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in 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 valued at $139,156,000 after acquiring an additional 28,820 shares in the last quarter. JPMorgan Chase & Co. raised its position in Aspen Technology by 89.2% during the third quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock valued at $86,799,000 after acquiring an additional 171,351 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Aspen Technology during the fourth quarter valued at approximately $66,680,000. Finally, American Capital Management Inc. raised its position in Aspen Technology by 116.9% during the third quarter. American Capital Management Inc. now owns 195,271 shares of the technology company’s stock valued at $46,635,000 after acquiring an additional 105,254 shares in the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

Aspen Technology Stock Performance

NASDAQ AZPN opened at $265.25 on Monday. The business has a fifty day moving average price of $259.62 and a 200 day moving average price of $246.43. The company has a market cap of $16.79 billion, a P/E ratio of 3,316.04, a P/E/G ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a one year low of $171.25 and a one year high of $277.37.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, beating 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, sell-side analysts predict that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AZPN has been the subject of several recent research reports. Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and lifted their price target for the company from $265.00 to $315.00 in a research report on Monday, February 10th. Robert W. Baird reiterated a “neutral” rating and set a $265.00 price target (down from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. StockNews.com assumed coverage on Aspen Technology in a research report on Thursday. They set a “hold” rating for the company. Baird R W cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, Piper Sandler upped their price target on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $272.00.

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.