Aspen Technology, Inc. (NASDAQ:AZPN) Shares Sold by Schroder Investment Management Group

Posted by on Jun 6th, 2023

Schroder Investment Management Group decreased its holdings in Aspen Technology, Inc. (NASDAQ:AZPN – Get Rating) by 30.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,521 shares of the technology company’s stock after selling 680 shares during the period. Schroder Investment Management Group’s holdings in Aspen Technology were worth $312,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Assetmark Inc. raised its holdings in Aspen Technology by 10.2% in the 4th quarter. Assetmark Inc. now owns 1,773 shares of the technology company’s stock valued at $364,000 after acquiring an additional 164 shares during the last quarter. Aviva PLC purchased a new stake in shares of Aspen Technology in the 4th quarter valued at approximately $8,307,000. Franklin Resources Inc. grew its stake in shares of Aspen Technology by 9.0% in the 4th quarter. Franklin Resources Inc. now owns 1,079,128 shares of the technology company’s stock valued at $221,653,000 after buying an additional 89,272 shares during the period. HRT Financial LP purchased a new stake in shares of Aspen Technology in the 4th quarter valued at approximately $2,016,000. Finally, CoreCap Advisors LLC purchased a new stake in shares of Aspen Technology in the 4th quarter valued at approximately $336,000. Institutional investors and hedge funds own 44.40% of the company’s stock.

Aspen Technology Stock Performance

NASDAQ:AZPN opened at $164.43 on Tuesday. The stock has a market capitalization of $10.67 billion, a P/E ratio of -173.08, a PEG ratio of 2.27 and a beta of 0.94. The company has a 50 day moving average price of $195.99 and a 200 day moving average price of $205.61. Aspen Technology, Inc. has a fifty-two week low of $161.40 and a fifty-two week high of $263.59.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AZPN shares. Loop Capital dropped their price target on shares of Aspen Technology from $270.00 to $240.00 in a research note on Thursday, April 27th. William Blair cut shares of Aspen Technology from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 27th. StockNews.com started coverage on shares of Aspen Technology in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, KeyCorp dropped their price target on shares of Aspen Technology from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, April 27th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $217.83.

Aspen Technology Company Profile

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Aspen Technology, Inc (NASDAQ: AZPN) is a global software leader helping industries at the forefront of the world’s dual challenge meet the increasing demand for resources from a rapidly growing population in a profitable and sustainable manner. AspenTech solutions address complex environments where it is critical to optimize the asset design, operation and maintenance lifecycle.

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

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