38,000 Shares in Aspen Technology, Inc. (NASDAQ:AZPN) Bought by Pentwater Capital Management LP

Pentwater Capital Management LP acquired a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,000 shares of the technology company’s stock, valued at approximately $9,486,000. Pentwater Capital Management LP owned 0.06% of Aspen Technology at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Aspen Technology by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,831,209 shares of the technology company’s stock valued at $706,755,000 after acquiring an additional 36,497 shares during the last quarter. Franklin Resources Inc. lifted its position in Aspen Technology by 2,272.7% in the 4th quarter. Franklin Resources Inc. now owns 690,940 shares of the technology company’s stock valued at $172,479,000 after acquiring an additional 661,820 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Aspen Technology by 37,990.7% in the 4th 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. Dimensional Fund Advisors LP increased its stake in Aspen Technology by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 623,820 shares of the technology company’s stock valued at $155,721,000 after buying an additional 12,456 shares during the last quarter. Finally, JPMorgan Chase & Co. raised 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 valued at $86,799,000 after buying an additional 171,351 shares during the period. 45.66% of the stock is owned by institutional investors.

Aspen Technology Stock Performance

Shares of AZPN stock opened at $264.33 on Tuesday. The company has a market capitalization of $16.73 billion, a P/E ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73. The business’s 50 day moving average is $264.36 and its two-hundred day moving average is $255.42. Aspen Technology, Inc. has a 12-month low of $171.25 and a 12-month high of $277.37.

Aspen Technology (NASDAQ:AZPN) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AZPN has been the topic of several recent analyst reports. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and raised their price target for the company from $265.00 to $315.00 in a report on Monday, February 10th. Robert W. Baird restated a “neutral” rating and set a $265.00 price target (down from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Piper Sandler lifted their price objective on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Baird R W lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, StockNews.com began coverage on shares of Aspen Technology in a research report on Wednesday, April 23rd. They issued a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $272.00.

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.