Sunday, May 19, 2024

Federated Hermes Inc. Reduces Position in Aspen Technology, Inc. (NASDAQ:AZPN)

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Federated Hermes Inc. trimmed its holdings in Aspen Technology, Inc. (NASDAQ:AZPNFree Report) by 12.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,577 shares of the technology company’s stock after selling 380 shares during the period. Federated Hermes Inc.’s holdings in Aspen Technology were worth $567,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AZPN. CWM LLC grew its position in Aspen Technology by 43.9% in the 3rd quarter. CWM LLC now owns 226 shares of the technology company’s stock valued at $46,000 after acquiring an additional 69 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Aspen Technology by 94.4% in the third quarter. Fifth Third Bancorp now owns 350 shares of the technology company’s stock worth $71,000 after purchasing an additional 170 shares during the last quarter. Signaturefd LLC increased its stake in Aspen Technology by 152.3% in the 3rd quarter. Signaturefd LLC now owns 497 shares of the technology company’s stock worth $102,000 after buying an additional 300 shares during the period. Steph & Co. lifted its holdings in Aspen Technology by 49.2% during the 3rd quarter. Steph & Co. now owns 861 shares of the technology company’s stock valued at $176,000 after buying an additional 284 shares in the last quarter. Finally, Austin Private Wealth LLC purchased a new stake in Aspen Technology in the 4th quarter valued at about $202,000. 45.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $196.00 target price on shares of Aspen Technology in a research report on Wednesday, February 7th. StockNews.com upgraded Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $203.67.

Get Our Latest Report on Aspen Technology

Aspen Technology Price Performance

Shares of AZPN stock opened at $202.10 on Friday. The stock’s fifty day moving average price is $202.15 and its 200 day moving average price is $196.31. Aspen Technology, Inc. has a 1-year low of $161.32 and a 1-year high of $224.77. The company has a market cap of $12.84 billion, a price-to-earnings ratio of -149.70, a price-to-earnings-growth ratio of 1.98 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPNGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.06). Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. The business had revenue of $257.16 million during the quarter, compared to analyst estimates of $259.70 million. As a group, equities research analysts anticipate that Aspen Technology, Inc. will post 5.82 earnings per share for the current year.

About Aspen Technology

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding AZPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aspen Technology, Inc. (NASDAQ:AZPNFree Report).

Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)



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