Aspen Technology, Inc. (NASDAQ:AZPN) Shares Bought by Curi RMB Capital LLC

Curi RMB Capital LLC lifted its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 0.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,286 shares of the technology company’s stock after purchasing an additional 79 shares during the quarter. Curi RMB Capital LLC’s holdings in Aspen Technology were worth $5,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AZPN. Tortoise Investment Management LLC grew its position in Aspen Technology by 77.8% during the second quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company’s stock worth $25,000 after buying an additional 56 shares during the period. Mather Group LLC. increased its stake in Aspen Technology by 2,600.0% in the 2nd quarter. Mather Group LLC. now owns 135 shares of the technology company’s stock valued at $29,000 after purchasing an additional 130 shares in the last quarter. Crewe Advisors LLC raised its holdings in Aspen Technology by 313.2% during the second quarter. Crewe Advisors LLC now owns 157 shares of the technology company’s stock worth $31,000 after purchasing an additional 119 shares during the last quarter. Quent Capital LLC boosted its position in Aspen Technology by 364.9% during the third quarter. Quent Capital LLC now owns 172 shares of the technology company’s stock worth $41,000 after purchasing an additional 135 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Aspen Technology by 65.7% in the second quarter. GAMMA Investing LLC now owns 174 shares of the technology company’s stock valued at $35,000 after purchasing an additional 69 shares during the last quarter. 45.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Aspen Technology

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total transaction of $219,100.00. Following the completion of the sale, the director now owns 8,540 shares of the company’s stock, valued at approximately $1,871,114. This represents a 10.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

AZPN has been the topic of a number of research reports. Bank of America increased their price objective on shares of Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Piper Sandler raised their price target on Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Loop Capital upped their price objective on Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Robert W. Baird lifted their price objective on Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Berenberg Bank lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $253.00.

Aspen Technology Trading Up 0.4 %

Aspen Technology stock opened at $247.04 on Friday. The stock has a fifty day moving average price of $235.80 and a 200 day moving average price of $215.15. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $249.91. The firm has a market capitalization of $15.63 billion, a P/E ratio of -425.93, a PEG ratio of 2.81 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.54). Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The company had revenue of $215.90 million for the quarter, compared to analyst estimates of $265.04 million. During the same period in the prior year, the company earned $0.96 EPS. The company’s revenue was down 13.4% compared to the same quarter last year. As a group, 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.