Deutsche Bank AG Has $127.16 Million Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Deutsche Bank AG increased its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 351.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 509,410 shares of the technology company’s stock after purchasing an additional 396,607 shares during the period. Deutsche Bank AG owned approximately 0.80% of Aspen Technology worth $127,164,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its position in Aspen Technology by 2,272.7% in 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 in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Aspen Technology by 37,990.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock worth $158,318,000 after acquiring an additional 632,545 shares in the last quarter. Norges Bank bought a new stake in Aspen Technology during the 4th quarter worth approximately $70,813,000. Raymond James Financial Inc. acquired a new stake in Aspen Technology during the 4th quarter valued at $66,680,000. Finally, TIG Advisors LLC bought a new position in Aspen Technology in the 4th quarter valued at $48,625,000. Institutional investors own 45.66% of the company’s stock.

Aspen Technology Price Performance

Shares of NASDAQ AZPN opened at $264.33 on Friday. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $277.37. The firm has a market capitalization of $16.73 billion, a P/E ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73. The company’s 50 day simple moving average is $264.38 and its 200 day simple moving average is $257.01.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AZPN shares. Robert W. Baird restated a “neutral” rating and set a $265.00 target price (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Baird R W cut shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Piper Sandler upped their target price on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. StockNews.com began coverage on shares of Aspen Technology in a report on Friday. They issued a “hold” rating for the company. Finally, Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and upped their price objective for the stock from $265.00 to $315.00 in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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.