Victory Capital Management Inc. increased its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN – Get Ratings ) by 314.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,714 shares of the technology company’s stock after buying an additional 21,789 shares during the period. Victory Capital Management Inc. in Aspen Technology was worth $6,840,000 as of its most recent SEC filing.
Several other hedge funds and institutional investors have also recently changed their portfolios. Raymond James Financial Services Advisors Inc. boosted its stake in Aspen Technology by 41.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,404 shares of the technology company’s stock valued at $563,000 after acquiring an additional 993 shares in the last quarter. HighTower Advisors LLC boosted its stake in Aspen Technology by 8.8% in the first quarter. HighTower Advisors LLC now owns 5,603 shares of the technology company’s stock valued at $918,000 after acquiring an additional 454 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Aspen Technology by 7.6% in the first quarter. Great West Life Assurance Co. Can now owns 36,499 shares of the technology company’s stock valued at $6,201,000 after purchasing an additional 2,579 shares during the period. Raymond James Trust NA acquired a new stake in shares of Aspen Technology in the first quarter worth $222,000. Finally, Allianz Asset Management GmbH lifted its stake in shares of Aspen Technology by 1,331.8% in the first quarter. Allianz Asset Management GmbH now owns 170,315 shares of the technology company’s stock valued at $28,165,000 after buying an additional 158,420 shares during the period. 44.40% of the stock is currently owned by investors.
Wall Street Analyst Weight In
AZPN has been the subject of several investigative reports. Berenberg Bank initiated coverage on shares of Aspen Technology in a research note on Wednesday, January 11. They set a “hold” rating and a $210.00 price objective for the company. KeyCorp decreased their target price on shares of Aspen Technology from $280.00 to $244.00 and set an “overweight” rating for the company in a report on Thursday. Loop Capital reduced their price objective on shares of Aspen Technology from $255.00 to $230.00 in a report on Thursday. Robert W. Baird reduced their price target on shares of Aspen Technology from $224.00 to $202.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Piper Sandler decreased their target price on shares of Aspen Technology from $240.00 to $195.00 and set a “neutral” rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a “Hold” rating and a target price of $218.50.
Internal Services
In other news, VP F G. Hammond sold 2,495 shares of Aspen Technology stock in a transaction dated Wednesday, November 30th. The shares traded at an average price of $223.75, for a total value of $558,256.25. Following the sale, the vice president now owns 20,152 shares in the company, valued at $4,509,010. The transaction was disclosed in a document issued by the SEC, which can be accessed through the SEC website. The insider owns 1.00% of the company’s stock.
Aspen Technology Up 0.5%
The lowest price of NASDAQ AZPN shares on September 2019 was $190.75. The company’s 50-day moving average is $210.94 and its 200-day moving average is $218.99. Aspen Technology, Inc. it has a 52-week low of $135.48 and a 52-week high of $263.59. The company has a market cap of $12.31 billion, a price-to-earnings ratio of 179.95, a price-to-earnings ratio of 1.75 and a beta of 1.01.
About Aspen Technology
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Aspen Technology, Inc provides enterprise resource management, asset management, and asset optimization solutions worldwide. The company’s solutions address critical areas where it is important to optimize product design, operation, and lifecycle management. It offers artificial intelligence for products, aspen hybrids, product management, OSI grid management, and service engineering; optimization of product polymers, olefins, refining, and specialty chemicals; subsurface science and engineering; and cost-effective optimization of energy and polymer and unique chemical solutions.
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