LVW Advisors LLC Has $876,000 Stock Position in Aspen Technology, Inc. (NASDAQ:AZPN)

LVW Advisors LLC reduced its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 5.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,509 shares of the technology company’s stock after selling 194 shares during the quarter. LVW Advisors LLC’s holdings in Aspen Technology were worth $876,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AZPN. Quent Capital LLC increased its position in shares of Aspen Technology by 364.9% during the third quarter. Quent Capital LLC now owns 172 shares of the technology company’s stock worth $41,000 after buying an additional 135 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Aspen Technology during the third quarter worth $48,000. GAMMA Investing LLC increased its position in shares of Aspen Technology by 30.1% during the fourth quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after buying an additional 58 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Aspen Technology by 71.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 386 shares of the technology company’s stock worth $77,000 after buying an additional 161 shares during the period. Finally, Anchor Investment Management LLC acquired a new stake in shares of Aspen Technology during the third quarter worth $77,000. 45.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AZPN has been the topic of several research analyst reports. Berenberg Bank lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. StockNews.com initiated coverage on shares of Aspen Technology in a research note on Friday. They set a “hold” rating on the stock. Robert W. Baird increased their target price on shares of Aspen Technology from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Piper Sandler increased their target price on shares of Aspen Technology from $217.00 to $240.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $258.00.

Aspen Technology Trading Up 0.2 %

Aspen Technology stock opened at $251.52 on Monday. Aspen Technology, Inc. has a 1-year low of $171.25 and a 1-year high of $254.44. The firm has a market capitalization of $15.91 billion, a price-to-earnings ratio of -433.66, a price-to-earnings-growth ratio of 2.84 and a beta of 0.76. The firm’s fifty day moving average price is $249.77 and its two-hundred day moving average price is $230.13.

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

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.