Aigen Investment Management LP Purchases 2,183 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Aigen Investment Management LP boosted its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 144.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,699 shares of the technology company’s stock after purchasing an additional 2,183 shares during the period. Aigen Investment Management LP’s holdings in Aspen Technology were worth $923,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Aspen Technology in the 4th quarter valued at about $26,000. Jones Financial Companies Lllp boosted its position 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 buying an additional 193 shares during the period. Blue Trust Inc. boosted its position in Aspen Technology by 5,700.0% in the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock valued at $58,000 after buying an additional 228 shares during the period. GAMMA Investing LLC boosted its position in Aspen Technology by 30.1% in the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after buying an additional 58 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Aspen Technology by 126.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 270 shares of the technology company’s stock valued at $68,000 after buying an additional 151 shares during the period. 45.66% of the stock is currently owned by institutional investors.

Aspen Technology Stock Up 0.1 %

NASDAQ AZPN opened at $264.96 on Thursday. The firm has a market cap of $16.77 billion, a PE ratio of 3,312.41, a price-to-earnings-growth ratio of 3.00 and a beta of 0.76. The company has a 50 day moving average price of $259.05 and a 200 day moving average price of $245.53. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $277.37.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. On average, equities research analysts anticipate that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AZPN. Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and boosted their price objective for the company from $265.00 to $315.00 in a research report on Monday, February 10th. Berenberg Bank cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Piper Sandler upped their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. StockNews.com assumed coverage on shares of Aspen Technology in a research report on Thursday. They issued a “hold” rating for the company. Finally, Baird R W cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Aspen Technology has a consensus rating of “Hold” and a consensus 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.