Caxton Associates LP Takes $555,000 Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Caxton Associates LP purchased a new position in Aspen Technology, Inc. (NASDAQ:AZPN) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,223 shares of the technology company’s stock, valued at approximately $555,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC grew its position in shares of Aspen Technology by 23.6% during the third quarter. Barclays PLC now owns 79,418 shares of the technology company’s stock worth $18,966,000 after buying an additional 15,176 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Aspen Technology by 2.7% in the 3rd quarter. Franklin Resources Inc. now owns 29,120 shares of the technology company’s stock worth $6,912,000 after purchasing an additional 778 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Aspen Technology by 30.1% in the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after purchasing an additional 58 shares during the last quarter. Threadgill Financial LLC bought a new position in shares of Aspen Technology during the fourth quarter worth about $244,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in Aspen Technology in the fourth quarter worth about $228,000. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Aspen Technology Price Performance

Shares of NASDAQ:AZPN opened at $264.33 on Wednesday. The stock has a market cap of $16.73 billion, a price-to-earnings ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a 12 month low of $171.25 and a 12 month high of $277.37. The stock’s 50 day moving average price is $264.42 and its 200 day moving average price is $256.41.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 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%. On average, sell-side analysts expect that Aspen Technology, Inc. will post 6.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Piper Sandler upped their price objective on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Baird R W downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Robert W. Baird reissued a “neutral” rating and set a $265.00 target price (down from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. StockNews.com started coverage on shares of Aspen Technology in a report on Thursday, May 1st. They issued a “hold” rating for the company. Finally, Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and raised their target price for the stock from $265.00 to $315.00 in a report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Aspen Technology currently has an average rating of “Hold” and a consensus price target of $272.00.

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.