Alliance Wealth Advisors LLC UT Cuts Stake in Aspen Technology, Inc. (NASDAQ:AZPN)

Alliance Wealth Advisors LLC UT lessened its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,269 shares of the technology company’s stock after selling 129 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Aspen Technology were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AZPN. Commerce Bank raised its stake in Aspen Technology by 3.1% in the third quarter. Commerce Bank now owns 1,550 shares of the technology company’s stock valued at $370,000 after buying an additional 47 shares during the last quarter. Heritage Family Offices LLP raised its position in shares of Aspen Technology by 2.8% in the 4th quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock valued at $431,000 after purchasing an additional 47 shares during the last quarter. US Bancorp DE boosted its stake in Aspen Technology by 0.4% in the 3rd quarter. US Bancorp DE now owns 13,695 shares of the technology company’s stock worth $3,271,000 after purchasing an additional 50 shares in the last quarter. State of Alaska Department of Revenue grew its position in Aspen Technology by 1.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,084 shares of the technology company’s stock worth $736,000 after purchasing an additional 55 shares during the last quarter. Finally, 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. Institutional investors and hedge funds own 45.66% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AZPN. Berenberg Bank downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Piper Sandler boosted their price target on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note 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. Robert W. Baird reiterated a “neutral” rating and issued a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Finally, StockNews.com initiated coverage on shares of Aspen Technology in a research note on Sunday. They set a “hold” rating for the company. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $261.00.

Aspen Technology Stock Performance

Shares of NASDAQ AZPN opened at $263.97 on Wednesday. The company has a market capitalization of $16.70 billion, a PE ratio of -455.12, a price-to-earnings-growth ratio of 3.00 and a beta of 0.76. The company’s fifty day moving average price is $252.77 and its 200 day moving average price is $235.65. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $265.05.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. On average, equities analysts expect that Aspen Technology, Inc. will post 6.68 EPS 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.