Toronto Dominion Bank Sells 57 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Toronto Dominion Bank decreased its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,832 shares of the technology company’s stock after selling 57 shares during the quarter. Toronto Dominion Bank’s holdings in Aspen Technology were worth $957,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Aspen Technology by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,831,209 shares of the technology company’s stock worth $706,755,000 after acquiring an additional 36,497 shares during the last quarter. Franklin Resources Inc. lifted its position 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 purchasing an additional 661,820 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Aspen Technology by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 623,820 shares of the technology company’s stock valued at $155,721,000 after purchasing an additional 12,456 shares during the last quarter. Deutsche Bank AG lifted its position in Aspen Technology by 351.6% during the fourth quarter. Deutsche Bank AG now owns 509,410 shares of the technology company’s stock valued at $127,164,000 after purchasing an additional 396,607 shares during the last quarter. Finally, Norges Bank bought a new position in Aspen Technology during the fourth quarter valued at $70,813,000. Institutional investors own 45.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on AZPN. Wall Street Zen began coverage on shares of Aspen Technology in a research report on Saturday, May 17th. They set a “hold” rating for the company. Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Robert W. Baird reiterated a “neutral” rating and set a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Piper Sandler increased their price objective on shares of Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Finally, Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and increased their price objective for the company from $265.00 to $315.00 in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $276.25.

Aspen Technology Stock Performance

Shares of AZPN opened at $264.33 on Friday. Aspen Technology, Inc. has a twelve month low of $171.25 and a twelve month high of $277.37. The company has a market cap 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 fifty day simple moving average is $264.33 and its 200-day simple moving average is $258.71.

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.