1,017 Shares in Aspen Technology, Inc. (NASDAQ:AZPN) Purchased by Lido Advisors LLC

Lido Advisors LLC bought a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,017 shares of the technology company’s stock, valued at approximately $254,000.

Several other institutional investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of Aspen Technology during the fourth quarter valued at about $26,000. Atala Financial Inc bought a new position in Aspen Technology during the fourth quarter valued at about $44,000. Bessemer Group Inc. raised its holdings in Aspen Technology by 29.7% in the 4th quarter. Bessemer Group Inc. now owns 192 shares of the technology company’s stock valued at $48,000 after acquiring an additional 44 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Aspen Technology by 965.0% in the 4th quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock worth $53,000 after acquiring an additional 193 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Aspen Technology by 5,700.0% during the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock worth $58,000 after purchasing an additional 228 shares in the last quarter. 45.66% of the stock is owned by institutional investors.

Aspen Technology Price Performance

NASDAQ:AZPN opened at $264.33 on Wednesday. The firm has a market cap of $16.73 billion, a PE 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 12 month low of $171.25 and a 12 month high of $277.37. The company’s 50-day moving average price is $264.42 and its two-hundred day moving average price is $256.41.

Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.88 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 expect that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Robert W. Baird restated a “neutral” rating and issued a $265.00 target price (down from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and lifted their target price for the company from $265.00 to $315.00 in a research report on Monday, February 10th. StockNews.com assumed coverage on shares of Aspen Technology in a research report on Thursday, May 1st. They issued a “hold” rating for the company. Piper Sandler lifted their price objective on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, Baird R W cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $272.00.

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.