Teachers Advisors LLC raised its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 13.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 197,513 shares of the technology company’s stock after buying an additional 23,891 shares during the period. Teachers Advisors LLC’s holdings in Aspen Technology were worth $11,637,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. ClariVest Asset Management LLC acquired a new stake in Aspen Technology during the first quarter worth $1,540,000. Federated Investors Inc. PA acquired a new stake in Aspen Technology during the fourth quarter worth $203,000. Comerica Bank boosted its stake in Aspen Technology by 6.4% in the first quarter. Comerica Bank now owns 4,302 shares of the technology company’s stock worth $266,000 after buying an additional 259 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Aspen Technology during the first quarter worth $2,798,000. Finally, Janney Montgomery Scott LLC boosted its stake in Aspen Technology by 35.5% in the first quarter. Janney Montgomery Scott LLC now owns 36,805 shares of the technology company’s stock worth $2,169,000 after buying an additional 9,642 shares during the last quarter.
Shares of Aspen Technology, Inc. (AZPN) opened at 57.18 on Thursday. The stock’s 50 day moving average is $56.12 and its 200 day moving average is $57.72. Aspen Technology, Inc. has a 1-year low of $41.03 and a 1-year high of $64.34. The company has a market capitalization of $4.26 billion, a PE ratio of 31.80 and a beta of 1.28.
AZPN has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Aspen Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Robert W. Baird reissued an “outperform” rating and issued a $65.00 target price on shares of Aspen Technology in a research note on Thursday, May 11th. Canaccord Genuity reaffirmed a “hold” rating and set a $60.00 price objective on shares of Aspen Technology in a research note on Friday, June 9th. BidaskClub raised shares of Aspen Technology from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Wedbush reaffirmed a “neutral” rating and set a $59.00 price objective on shares of Aspen Technology in a research note on Wednesday, June 28th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $60.29.
About Aspen Technology
Aspen Technology, Inc is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries.
Receive News & Ratings for Aspen Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.