FourThought Financial Partners LLC Sells 73 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

FourThought Financial Partners LLC decreased its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,238 shares of the technology company’s stock after selling 73 shares during the period. FourThought Financial Partners LLC’s holdings in Aspen Technology were worth $713,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Fifth Third Bancorp grew its holdings in Aspen Technology by 94.4% during the 3rd quarter. Fifth Third Bancorp now owns 350 shares of the technology company’s stock valued at $71,000 after buying an additional 170 shares in the last quarter. Signaturefd LLC increased its position in Aspen Technology by 152.3% in the third quarter. Signaturefd LLC now owns 497 shares of the technology company’s stock worth $102,000 after purchasing an additional 300 shares during the last quarter. Steph & Co. increased its position in Aspen Technology by 49.2% in the third quarter. Steph & Co. now owns 861 shares of the technology company’s stock worth $176,000 after purchasing an additional 284 shares during the last quarter. Austin Private Wealth LLC purchased a new stake in Aspen Technology during the fourth quarter valued at $202,000. Finally, Quantum Private Wealth LLC bought a new position in Aspen Technology during the third quarter valued at $202,000. 45.66% of the stock is owned by hedge funds and other institutional investors.

Aspen Technology Stock Up 0.4 %

NASDAQ AZPN traded up $0.73 on Friday, hitting $202.10. 276,688 shares of the stock were exchanged, compared to its average volume of 166,374. Aspen Technology, Inc. has a 52-week low of $161.32 and a 52-week high of $224.77. The stock has a fifty day moving average price of $202.15 and a two-hundred day moving average price of $196.30.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Tuesday, February 6th. The technology company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.06). Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. The firm had revenue of $257.16 million during the quarter, compared to the consensus estimate of $259.70 million. On average, analysts predict that Aspen Technology, Inc. will post 5.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AZPN. StockNews.com upgraded shares of Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Piper Sandler reissued a “neutral” rating and set a $196.00 price objective on shares of Aspen Technology in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $203.67.

Aspen Technology 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.