Skandinaviska Enskilda Banken AB publ Purchases 484 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Skandinaviska Enskilda Banken AB publ raised its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,763 shares of the technology company’s stock after purchasing an additional 484 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Aspen Technology were worth $1,933,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Bailard Inc. boosted its holdings in Aspen Technology by 0.9% in the 4th quarter. Bailard Inc. now owns 4,541 shares of the technology company’s stock valued at $1,134,000 after purchasing an additional 41 shares during the period. Net Worth Advisory Group boosted its holdings in Aspen Technology by 1.0% in the 4th quarter. Net Worth Advisory Group now owns 4,197 shares of the technology company’s stock valued at $1,048,000 after purchasing an additional 41 shares during the period. Commerce Bank boosted its holdings in Aspen Technology by 3.1% in the 3rd quarter. Commerce Bank now owns 1,550 shares of the technology company’s stock valued at $370,000 after purchasing an additional 47 shares during the period. Heritage Family Offices LLP lifted its holdings in shares of Aspen Technology by 2.8% during the 4th quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock worth $431,000 after acquiring an additional 47 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Aspen Technology by 30.1% in the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after acquiring an additional 58 shares in the last quarter. 45.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Piper Sandler upped their target price on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. StockNews.com assumed coverage on shares of Aspen Technology in a research report on Friday. They issued a “hold” rating for the company. Robert W. Baird reiterated a “neutral” rating and issued a $265.00 target price (down from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Finally, Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and upped their target price for the stock from $265.00 to $315.00 in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $272.00.

Aspen Technology Price Performance

Aspen Technology stock opened at $264.33 on Monday. The company has a market capitalization of $16.73 billion, a PE ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73. The firm has a fifty day simple moving average of $261.08 and a two-hundred day simple moving average of $248.12. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $277.37.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. As a group, equities analysts expect that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal year.

About Aspen Technology

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.