Aspen Technology, Inc. (NASDAQ:AZPN) Shares Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP raised its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 78.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 13,410 shares of the technology company’s stock after acquiring an additional 5,908 shares during the period. Mirabella Financial Services LLP’s holdings in Aspen Technology were worth $3,140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. UniSuper Management Pty Ltd grew its holdings in Aspen Technology by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 400 shares of the technology company’s stock valued at $85,000 after purchasing an additional 200 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Aspen Technology during the 1st quarter valued at $219,000. Bayesian Capital Management LP acquired a new stake in shares of Aspen Technology during the 1st quarter worth $357,000. Janus Henderson Group PLC raised its position in shares of Aspen Technology by 2.2% in the 1st quarter. Janus Henderson Group PLC now owns 231,525 shares of the technology company’s stock worth $49,380,000 after buying an additional 4,955 shares during the period. Finally, Dynasty Wealth Management LLC purchased a new position in shares of Aspen Technology in the 1st quarter worth $323,000. Institutional investors and hedge funds own 45.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on AZPN shares. Piper Sandler upped their price target on Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. StockNews.com assumed coverage on shares of Aspen Technology in a research report on Friday. They set a “hold” rating for the company. Bank of America raised their price target on shares of Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Berenberg Bank downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird raised their target price on shares of Aspen Technology from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Aspen Technology has a consensus rating of “Hold” and a consensus target price of $253.00.

Aspen Technology Stock Up 0.9 %

AZPN opened at $250.85 on Monday. The firm’s 50 day moving average is $238.78 and its 200-day moving average is $217.74. Aspen Technology, Inc. has a 52-week low of $171.25 and a 52-week high of $251.13. The firm has a market capitalization of $15.87 billion, a P/E ratio of -432.50, a P/E/G ratio of 2.86 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.54). The firm had revenue of $215.90 million for the quarter, compared to analysts’ expectations of $265.04 million. Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The business’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. Equities analysts expect that Aspen Technology, Inc. will post 6.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jr. Robert M. Whelan sold 1,000 shares of Aspen Technology stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $219.10, for a total value of $219,100.00. Following the completion of the sale, the director now owns 8,540 shares in the company, valued at approximately $1,871,114. The trade was a 10.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

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.