IFM Investors Pty Ltd Makes New Investment in Aspen Technology, Inc. (NASDAQ:AZPN)

IFM Investors Pty Ltd acquired a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,467 shares of the technology company’s stock, valued at approximately $1,166,000.

A number of other institutional investors have also recently made changes to their positions in AZPN. Kayne Anderson Rudnick Investment Management LLC boosted its position in Aspen Technology by 3.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,721,956 shares of the technology company’s stock valued at $760,247,000 after buying an additional 124,934 shares during the period. Nordea Investment Management AB grew its stake in Aspen Technology by 12.9% during the 3rd quarter. Nordea Investment Management AB now owns 1,044,959 shares of the technology company’s stock worth $215,920,000 after purchasing an additional 119,102 shares in the last quarter. Wellington Management Group LLP increased its holdings in Aspen Technology by 7.9% during the 4th quarter. Wellington Management Group LLP now owns 612,024 shares of the technology company’s stock worth $134,737,000 after purchasing an additional 44,824 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Aspen Technology by 2.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 415,662 shares of the technology company’s stock valued at $91,508,000 after purchasing an additional 8,856 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Aspen Technology by 5.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 313,105 shares of the technology company’s stock valued at $68,931,000 after purchasing an additional 16,649 shares in the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

Aspen Technology Trading Up 0.2 %

Shares of Aspen Technology stock traded up $0.43 on Friday, reaching $198.43. 92,381 shares of the stock were exchanged, compared to its average volume of 165,960. The firm has a market capitalization of $12.61 billion, a PE ratio of -146.98, a PEG ratio of 2.01 and a beta of 0.77. The business has a fifty day moving average price of $200.22 and a two-hundred day moving average price of $196.28. Aspen Technology, Inc. has a 1-year low of $161.32 and a 1-year high of $224.77.

Aspen Technology (NASDAQ:AZPN) last released 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). The company had revenue of $257.16 million for the quarter, compared to analysts’ expectations of $259.70 million. Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. Research analysts expect that Aspen Technology, Inc. will post 5.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Piper Sandler restated a “neutral” rating and issued a $196.00 price objective on shares of Aspen Technology 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $203.67.

Aspen Technology 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.