Aspen Technology, Inc. (NASDAQ:AZPN) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 2.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,120 shares of the technology company’s stock after acquiring an additional 778 shares during the period. Franklin Resources Inc.’s holdings in Aspen Technology were worth $6,912,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of Aspen Technology by 4.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,536 shares of the technology company’s stock worth $305,000 after buying an additional 60 shares during the last quarter. Bank of New York Mellon Corp raised its position in Aspen Technology by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 266,838 shares of the technology company’s stock worth $53,002,000 after acquiring an additional 20,840 shares during the last quarter. ABLE Financial Group LLC lifted its holdings in shares of Aspen Technology by 3.0% in the second quarter. ABLE Financial Group LLC now owns 6,063 shares of the technology company’s stock valued at $1,204,000 after purchasing an additional 179 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Aspen Technology in the second quarter valued at approximately $37,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Aspen Technology by 6.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,496 shares of the technology company’s stock worth $1,092,000 after purchasing an additional 310 shares in the last quarter. 45.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AZPN has been the topic of a number of recent research reports. Piper Sandler upped their target price on Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Bank of America upped their price objective on Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Loop Capital lifted their price objective on Aspen Technology from $204.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Robert W. Baird upped their target price on shares of Aspen Technology from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, StockNews.com started coverage on shares of Aspen Technology in a report on Monday, December 16th. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $258.00.

Aspen Technology Trading Up 0.7 %

NASDAQ AZPN opened at $250.72 on Monday. The business’s 50-day moving average price is $244.92 and its 200 day moving average price is $222.78. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $254.44. The company has a market capitalization of $15.86 billion, a PE ratio of -432.28, a price-to-earnings-growth ratio of 2.89 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.54). Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The company had revenue of $215.90 million for the quarter, compared to analysts’ expectations of $265.04 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The company’s revenue was down 13.4% on a year-over-year basis. Equities analysts predict that Aspen Technology, Inc. will post 6.68 EPS for the current year.

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.