Norden Group LLC Sells 353 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Norden Group LLC trimmed its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,570 shares of the technology company’s stock after selling 353 shares during the quarter. Norden Group LLC’s holdings in Aspen Technology were worth $642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Aspen Technology by 5,700.0% in the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock worth $58,000 after acquiring an additional 228 shares in the last quarter. GAMMA Investing LLC increased its stake 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 acquiring an additional 58 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Aspen Technology by 126.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 270 shares of the technology company’s stock worth $68,000 after acquiring an additional 151 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Aspen Technology in the 3rd quarter worth about $77,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aspen Technology in the 3rd quarter worth about $116,000. 45.66% of the stock is currently owned by institutional investors.

Aspen Technology Stock Down 0.1 %

Shares of NASDAQ AZPN opened at $265.00 on Tuesday. The firm’s 50-day moving average price is $258.49 and its 200-day moving average price is $245.01. The company has a market cap of $16.78 billion, a PE ratio of 3,312.91, a PEG ratio of 3.00 and a beta of 0.76. Aspen Technology, Inc. has a 52-week low of $171.25 and a 52-week high of $277.37.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on AZPN. Berenberg Bank lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. 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. 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 report on Monday, January 27th. StockNews.com assumed coverage on shares of Aspen Technology in a research report on Wednesday, February 26th. They set a “hold” rating on the stock. Finally, Baird R W downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company 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.