Aspen Technology, Inc. (NASDAQ:AZPN) Shares Acquired by Millennium Management LLC

Millennium Management LLC raised its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 417.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 55,680 shares of the technology company’s stock after buying an additional 44,913 shares during the quarter. Millennium Management LLC owned about 0.09% of Aspen Technology worth $13,899,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Aspen Technology during the 4th quarter worth $26,000. Atala Financial Inc purchased a new position in Aspen Technology in the 4th quarter valued at about $44,000. Bessemer Group Inc. lifted its holdings in Aspen Technology by 29.7% in the 4th quarter. Bessemer Group Inc. now owns 192 shares of the technology company’s stock valued at $48,000 after purchasing an additional 44 shares in the last quarter. Jones Financial Companies Lllp lifted 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 valued at $53,000 after purchasing an additional 193 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Aspen Technology by 5,700.0% during the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock worth $58,000 after acquiring an additional 228 shares during the period. 45.66% of the stock is owned by institutional investors and hedge funds.

Aspen Technology Price Performance

Shares of NASDAQ AZPN opened at $264.33 on Friday. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $277.37. The firm’s 50-day simple moving average is $264.33 and its 200 day simple moving average is $258.55. The stock has a market cap of $16.73 billion, a P/E ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Wall Street Zen started coverage on shares of Aspen Technology in a research report on Saturday, May 17th. They set a “hold” rating for the company. Robert W. Baird reaffirmed a “neutral” rating and issued a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $265.00 to $315.00 in a report on Monday, February 10th. Finally, Piper Sandler lifted their price objective on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aspen Technology currently has an average rating of “Hold” and an average target price of $276.25.

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.