Siemens Fonds Invest GmbH Makes New $2.73 Million Investment in Aspen Technology, Inc. (NASDAQ:AZPN)

Siemens Fonds Invest GmbH bought a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,689 shares of the technology company’s stock, valued at approximately $2,728,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AZPN. Sona Asset Management US LLC bought a new position in Aspen Technology during the fourth quarter worth about $8,895,000. Royal Bank of Canada lifted its position in shares of Aspen Technology by 77.5% in the fourth quarter. Royal Bank of Canada now owns 170,263 shares of the technology company’s stock valued at $42,502,000 after buying an additional 74,333 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Aspen Technology during the 4th quarter worth approximately $1,248,000. ProShare Advisors LLC increased its holdings in shares of Aspen Technology by 4.0% during the 4th quarter. ProShare Advisors LLC now owns 1,501 shares of the technology company’s stock worth $375,000 after acquiring an additional 58 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in Aspen Technology by 34.4% in the 4th quarter. Quantinno Capital Management LP now owns 2,122 shares of the technology company’s stock valued at $530,000 after acquiring an additional 543 shares during the period. Institutional investors own 45.66% of the company’s stock.

Analyst Ratings Changes

AZPN has been the topic of several research reports. StockNews.com began coverage on shares of Aspen Technology in a report on Friday, May 9th. They issued a “hold” rating on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $265.00 price target (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and increased their price target for the company from $265.00 to $315.00 in a report on Monday, February 10th. Piper Sandler boosted their price objective on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Finally, Baird R W downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $272.00.

Aspen Technology Price Performance

Shares of Aspen Technology stock opened at $264.33 on Friday. The company has a 50-day simple moving average of $264.34 and a two-hundred day simple moving average of $257.62. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $277.37. The stock 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 Company 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.