Swiss National Bank Acquires 53,656 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Posted by Defense World Staff on May 12th, 2023

Swiss National Bank raised its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN – Get Rating) by 83.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,700 shares of the technology company’s stock after purchasing an additional 53,656 shares during the quarter. Swiss National Bank owned 0.18% of Aspen Technology worth $24,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in shares of Aspen Technology by 1.2% in the 4th quarter. State of Alaska Department of Revenue now owns 4,062 shares of the technology company’s stock worth $834,000 after acquiring an additional 50 shares in the last quarter. Heritage Wealth Management LLC raised its holdings in shares of Aspen Technology by 4.1% in the third quarter. Heritage Wealth Management LLC now owns 1,449 shares of the technology company’s stock valued at $345,000 after purchasing an additional 57 shares during the last quarter. Eagle Bay Advisors LLC raised its holdings in shares of Aspen Technology by 10.7% in the fourth quarter. Eagle Bay Advisors LLC now owns 610 shares of the technology company’s stock valued at $125,000 after purchasing an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Aspen Technology by 3.3% in the third quarter. EverSource Wealth Advisors LLC now owns 1,978 shares of the technology company’s stock valued at $470,000 after purchasing an additional 64 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of Aspen Technology by 3.7% in the third quarter. Park Avenue Securities LLC now owns 2,170 shares of the technology company’s stock valued at $517,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 44.40% of the company’s stock.

Analysts Set New Price Targets

AZPN has been the subject of several analyst reports. Robert W. Baird lowered their target price on shares of Aspen Technology from $224.00 to $202.00 and set a “neutral” rating for the company in a report on Thursday, January 26th. KeyCorp decreased their price objective on shares of Aspen Technology from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, April 27th. StockNews.com assumed coverage on shares of Aspen Technology in a report on Thursday, March 16th. They set a “hold” rating for the company. Loop Capital decreased their price objective on shares of Aspen Technology from $270.00 to $240.00 in a report on Thursday, April 27th. Finally, Piper Sandler decreased their price objective on shares of Aspen Technology from $240.00 to $195.00 and set a “neutral” rating for the company in a report on Thursday, January 26th. Six 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, Aspen Technology has an average rating of “Hold” and a consensus target price of $217.83.

Aspen Technology Stock Down 2.0 %

Shares of NASDAQ:AZPN opened at $166.47 on Friday. The firm has a market capitalization of $10.80 billion, a PE ratio of -175.23, a P/E/G ratio of 2.37 and a beta of 0.94. Aspen Technology, Inc. has a twelve month low of $156.93 and a twelve month high of $263.59. The company has a 50-day moving average price of $210.51 and a two-hundred day moving average price of $214.65.

About Aspen Technology

(Get Rating)

Aspen Technology together with its subsidiaries develops and supplies integrated software and services that enable the process industries to design, operate, manage, and optimize their business processes. Its software applications utilize proprietary empirical models of chemical manufacturing processes to enhance plant and process design, economic evaluation, production, production planning and scheduling, supply chain optimization, and operational performance.