AGF Management Ltd. Sells 3,976 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

AGF Management Ltd. lowered its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 28.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,170 shares of the technology company’s stock after selling 3,976 shares during the period. AGF Management Ltd.’s holdings in Aspen Technology were worth $2,539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AZPN. SBI Securities Co. Ltd. purchased a new stake in shares of Aspen Technology in the fourth quarter worth $26,000. Jones Financial Companies Lllp boosted its stake in Aspen Technology by 965.0% in the 4th quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock worth $53,000 after purchasing an additional 193 shares in the last quarter. Blue Trust Inc. grew its position in Aspen Technology by 5,700.0% during the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock valued at $58,000 after purchasing an additional 228 shares during the last quarter. GAMMA Investing LLC increased its stake in Aspen Technology by 30.1% during the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after purchasing an additional 58 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in Aspen Technology by 75.9% in the fourth quarter. Tortoise Investment Management LLC now owns 255 shares of the technology company’s stock worth $64,000 after buying an additional 110 shares during the last quarter. Institutional investors own 45.66% of the company’s stock.

Aspen Technology Price Performance

Shares of AZPN opened at $264.33 on Friday. The firm has a market capitalization of $16.73 billion, a P/E ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a one year low of $171.25 and a one year high of $277.37. The business has a fifty day moving average of $260.81 and a 200 day moving average of $247.34.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. Analysts expect that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AZPN has been the topic of a number of recent analyst reports. StockNews.com assumed coverage on shares of Aspen Technology in a report on Friday. They set a “hold” rating on the stock. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and lifted their target price for the stock from $265.00 to $315.00 in a report on Monday, February 10th. Piper Sandler upped their price target on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Baird R W downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $265.00 target price (down previously from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Six investment 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, Aspen Technology presently has a consensus rating of “Hold” and an average 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.