TD Private Client Wealth LLC Sells 256 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

TD Private Client Wealth LLC lessened its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,216 shares of the technology company’s stock after selling 256 shares during the period. TD Private Client Wealth LLC’s holdings in Aspen Technology were worth $2,301,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AZPN. Charles Schwab Investment Management Inc. boosted its stake in shares of Aspen Technology by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 170,350 shares of the technology company’s stock worth $42,524,000 after buying an additional 2,518 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Aspen Technology by 89.2% in the third quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock worth $86,799,000 after acquiring an additional 171,351 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Aspen Technology by 31.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 166,352 shares of the technology company’s stock valued at $39,728,000 after buying an additional 39,396 shares in the last quarter. Citigroup Inc. lifted its stake in Aspen Technology by 15.9% in the 3rd quarter. Citigroup Inc. now owns 23,240 shares of the technology company’s stock worth $5,550,000 after purchasing an additional 3,186 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Aspen Technology by 37,990.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock valued at $158,318,000 after buying an additional 632,545 shares during the last quarter. Institutional investors own 45.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AZPN shares. Baird R W downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Robert W. Baird restated a “neutral” rating and issued a $265.00 price target (down from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. StockNews.com assumed coverage on shares of Aspen Technology in a research report on Saturday. They set a “hold” rating on the stock. Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and increased their target price for the company from $265.00 to $315.00 in a research note on Monday, February 10th. Finally, Piper Sandler upped their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Aspen Technology currently has an average rating of “Hold” and an average price target of $272.00.

Aspen Technology Price Performance

Shares of AZPN stock opened at $264.33 on Friday. The business has a fifty day moving average of $262.36 and a 200 day moving average of $249.01. The firm has a market capitalization of $16.73 billion, a price-to-earnings ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $277.37.

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

Aspen Technology 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.