5,618 Shares in Aspen Technology, Inc. (NASDAQ:AZPN) Acquired by Bardin Hill Management Partners LP

Bardin Hill Management Partners LP acquired a new stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,618 shares of the technology company’s stock, valued at approximately $1,402,000. Aspen Technology comprises 0.7% of Bardin Hill Management Partners LP’s holdings, making the stock its 23rd largest holding.

Several other hedge funds have also recently modified their holdings of AZPN. Vanguard Group Inc. lifted its stake in Aspen Technology by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 2,831,209 shares of the technology company’s stock worth $706,755,000 after purchasing an additional 36,497 shares in the last quarter. Franklin Resources Inc. boosted its stake in Aspen Technology by 2,272.7% during the fourth quarter. Franklin Resources Inc. now owns 690,940 shares of the technology company’s stock valued at $172,479,000 after buying an additional 661,820 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Aspen Technology by 37,990.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock valued at $158,318,000 after buying an additional 632,545 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Aspen Technology by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 623,820 shares of the technology company’s stock valued at $155,721,000 after buying an additional 12,456 shares in the last quarter. Finally, Norges Bank bought a new stake in Aspen Technology in the 4th quarter worth approximately $70,813,000. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on AZPN shares. Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and raised their target price for the company from $265.00 to $315.00 in a report on Monday, February 10th. Piper Sandler boosted their target price on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Baird R W lowered Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Robert W. Baird reissued a “neutral” rating and set a $265.00 price objective (down from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Finally, StockNews.com assumed coverage on Aspen Technology in a report on Thursday. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Aspen Technology has a consensus rating of “Hold” and a consensus price target of $272.00.

Aspen Technology Price Performance

Aspen Technology stock opened at $264.33 on Friday. The firm has a market capitalization of $16.73 billion, a P/E ratio of 3,304.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.73. The company’s 50-day moving average is $264.40 and its 200 day moving average is $256.04. Aspen Technology, Inc. has a 1-year low of $171.25 and a 1-year high of $277.37.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. Research analysts anticipate that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal year.

Aspen Technology Company 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.