Aspen Technology, Inc. (NASDAQ:AZPN) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. raised its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 29.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 192 shares of the technology company’s stock after acquiring an additional 44 shares during the period. Bessemer Group Inc.’s holdings in Aspen Technology were worth $48,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AZPN. SBI Securities Co. Ltd. purchased a new stake in shares of Aspen Technology during the 4th quarter valued at $26,000. Atala Financial Inc acquired a new stake in Aspen Technology in the fourth quarter valued at $44,000. Jones Financial Companies Lllp grew its stake in Aspen Technology by 965.0% in the fourth quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock worth $53,000 after purchasing an additional 193 shares in the last quarter. Blue Trust Inc. grew its position in shares of Aspen Technology by 5,700.0% in the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock worth $58,000 after acquiring an additional 228 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Aspen Technology by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after purchasing an additional 58 shares during the last quarter. 45.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AZPN has been the topic of a number of research reports. Loop Capital upgraded Aspen Technology from a “hold” rating to a “buy” rating and increased their price target for the stock from $265.00 to $315.00 in a research report on Monday, February 10th. Baird R W downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Robert W. Baird reaffirmed a “neutral” rating and set a $265.00 target price (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Piper Sandler raised their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Finally, StockNews.com assumed coverage on shares of Aspen Technology in a research report on Tuesday. They issued 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $272.00.

Aspen Technology Price Performance

Shares of AZPN opened at $264.33 on Friday. Aspen Technology, Inc. has a 12 month low of $171.25 and a 12 month high of $277.37. The company’s fifty day moving average is $264.44 and its 200-day moving average is $253.75. The firm has a market cap 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 (NASDAQ:AZPN) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, beating the consensus estimate 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, research analysts predict that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal 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.