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Aspen Technology, Inc. (NASDAQ:AZPN) Shares Acquired by Barclays PLC


Aspen Technology, Inc. (NASDAQ:AZPN) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 23.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,418 shares of the technology company's stock after acquiring an additional 15,176 shares during the period. Barclays PLC owned 0.13% of Aspen Technology worth $18,966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC increased its holdings in shares of Aspen Technology by 77.8% in the second quarter. Tortoise Investment Management LLC now owns 128 shares of the technology company's stock valued at $25,000 after purchasing an additional 56 shares during the period. Crewe Advisors LLC grew its position in Aspen Technology by 313.2% in the 2nd quarter. Crewe Advisors LLC now owns 157 shares of the technology company's stock valued at $31,000 after buying an additional 119 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Aspen Technology in the 2nd quarter valued at $37,000. Quent Capital LLC raised its position in Aspen Technology by 364.9% during the 3rd 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 last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Aspen Technology in the 3rd quarter worth $48,000. 45.66% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on AZPN. Robert W. Baird boosted their target price on Aspen Technology from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday. Loop Capital upped their price objective on Aspen Technology from $204.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. StockNews.com started coverage on Aspen Technology in a report on Sunday, December 8th. They issued a "hold" rating for the company. Berenberg Bank lowered shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, Bank of America increased 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. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Aspen Technology has an average rating of "Hold" and a consensus price target of $258.00.

Get Our Latest Stock Report on Aspen Technology

Shares of AZPN stock opened at $248.80 on Friday. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $254.44. The company has a market capitalization of $15.74 billion, a price-to-earnings ratio of -428.97, a PEG ratio of 2.89 and a beta of 0.76. The firm has a 50-day moving average price of $243.53 and a 200 day moving average price of $221.30.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its quarterly earnings data 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). Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The firm had revenue of $215.90 million for the quarter, compared to analysts' expectations of $265.04 million. During the same period in the previous year, the company posted $0.96 EPS. The business's quarterly revenue was down 13.4% on a year-over-year basis. As a group, research analysts predict that Aspen Technology, Inc. will post 6.68 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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