APG Asset Management N.V. increased its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 0.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 319,000 shares of the technology company’s stock after acquiring an additional 700 shares during the quarter. APG Asset Management N.V. owned approximately 0.46% of Aspen Technology worth $22,933,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Amalgamated Bank raised its holdings in Aspen Technology by 58.3% during the fourth quarter. Amalgamated Bank now owns 15,827 shares of the technology company’s stock valued at $1,301,000 after buying an additional 5,831 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Aspen Technology by 38.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 66,712 shares of the technology company’s stock valued at $5,482,000 after buying an additional 18,458 shares in the last quarter. HRT Financial LLC raised its holdings in Aspen Technology by 235.7% during the fourth quarter. HRT Financial LLC now owns 10,021 shares of the technology company’s stock valued at $823,000 after buying an additional 7,036 shares in the last quarter. Legal & General Group Plc raised its holdings in Aspen Technology by 9.0% during the fourth quarter. Legal & General Group Plc now owns 136,713 shares of the technology company’s stock valued at $11,235,000 after buying an additional 11,248 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Aspen Technology by 147.0% during the fourth quarter. Jane Street Group LLC now owns 16,628 shares of the technology company’s stock valued at $1,366,000 after buying an additional 9,896 shares in the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.
AZPN traded up $0.32 on Monday, hitting $109.99. 289,001 shares of the stock traded hands, compared to its average volume of 447,330. Aspen Technology, Inc. has a 52 week low of $74.84 and a 52 week high of $118.86. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 53.39 and a beta of 1.56.
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Aspen Technology from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, January 21st. BidaskClub lowered Aspen Technology from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. KeyCorp assumed coverage on Aspen Technology in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $120.00 price objective on the stock. Canaccord Genuity lifted their price objective on Aspen Technology from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, January 24th. Finally, Wedbush reiterated a “neutral” rating and issued a $104.00 price objective on shares of Aspen Technology in a research note on Monday, March 18th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $108.00.
In related news, insider Karl E. Johnsen sold 2,388 shares of the business’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $96.50, for a total transaction of $230,442.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Donald P. Casey sold 5,710 shares of Aspen Technology stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $97.11, for a total value of $554,498.10. Following the sale, the director now directly owns 11,779 shares in the company, valued at $1,143,858.69. The disclosure for this sale can be found here. Insiders have sold 16,443 shares of company stock worth $1,611,897 over the last 90 days. Corporate insiders own 0.90% of the company’s stock.
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About Aspen Technology
Aspen Technology, Inc, together with its subsidiaries, operates as an asset optimization software company in the United States, Europe, and internationally. The company operates through two segments, Subscription and Software, and Services. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.
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