Aspen Technology, Inc. (NASDAQ:AZPN) Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP boosted its position in Aspen Technology, Inc. (NASDAQ:AZPNFree Report) by 78.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,410 shares of the technology company’s stock after purchasing an additional 5,908 shares during the period. Mirabella Financial Services LLP’s holdings in Aspen Technology were worth $3,140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Aspen Technology by 1.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,090,314 shares of the technology company’s stock worth $812,459,000 after buying an additional 65,143 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Aspen Technology by 5.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 582,682 shares of the technology company’s stock worth $139,156,000 after acquiring an additional 28,820 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Aspen Technology by 38.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 553,862 shares of the technology company’s stock valued at $110,014,000 after acquiring an additional 153,897 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Aspen Technology by 26.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 524,604 shares of the technology company’s stock worth $104,199,000 after purchasing an additional 109,783 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in shares of Aspen Technology by 3.8% during the 2nd quarter. Fiera Capital Corp now owns 340,166 shares of the technology company’s stock worth $67,567,000 after purchasing an additional 12,500 shares during the period. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of the company’s 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on AZPN shares. 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. Berenberg Bank downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America upped their price target on Aspen Technology from $225.00 to $260.00 and gave the stock a “buy” rating in a 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 report on Thursday, September 19th. Finally, StockNews.com began coverage on Aspen Technology in a research report on Friday. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $253.00.

View Our Latest Report on Aspen Technology

Aspen Technology Stock Performance

AZPN stock opened at $250.85 on Monday. The stock’s 50 day moving average price is $238.78 and its 200 day moving average price is $217.74. The firm has a market cap of $15.87 billion, a P/E ratio of -432.50, a PEG ratio of 2.86 and a beta of 0.76. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $251.13.

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

Aspen Technology Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

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