Landscape Capital Management L.L.C. Has $498,000 Stake in Aspen Technology, Inc. (NASDAQ:AZPN)

Landscape Capital Management L.L.C. grew its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,085 shares of the technology company’s stock after purchasing an additional 247 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Aspen Technology were worth $498,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. UniSuper Management Pty Ltd grew its holdings in Aspen Technology by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 400 shares of the technology company’s stock worth $85,000 after acquiring an additional 200 shares during the last quarter. Paloma Partners Management Co bought a new position in Aspen Technology in the 1st quarter worth approximately $219,000. Bayesian Capital Management LP acquired a new position in Aspen Technology during the 1st quarter worth $357,000. Janus Henderson Group PLC boosted its position in Aspen Technology by 2.2% in the 1st quarter. Janus Henderson Group PLC now owns 231,525 shares of the technology company’s stock valued at $49,380,000 after buying an additional 4,955 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new stake in shares of Aspen Technology in the 1st quarter valued at $323,000. Institutional investors own 45.66% of the company’s stock.

Insider Activity at Aspen Technology

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 8,540 shares in the company, valued at $1,871,114. This trade represents a 10.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AZPN shares. StockNews.com started coverage on Aspen Technology in a report on Friday. They issued a “hold” rating on the stock. Loop Capital raised their target price on shares of Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Robert W. Baird boosted their price target on shares of Aspen Technology from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Piper Sandler raised their price objective on shares of Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Berenberg Bank cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $253.00.

Aspen Technology Stock Performance

Shares of NASDAQ:AZPN opened at $250.85 on Friday. The company has a 50 day moving average price of $238.78 and a two-hundred day moving average price of $217.40. The company has a market capitalization of $15.87 billion, a PE ratio of -432.50, a PEG ratio of 2.83 and a beta of 0.76. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $251.13.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 EPS 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 business had revenue of $215.90 million for the quarter, compared to analyst estimates of $265.04 million. During the same period in the previous year, the business posted $0.96 EPS. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. On average, sell-side analysts forecast that Aspen Technology, Inc. will post 6.68 earnings per share for the current year.

Aspen Technology Company 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.