Aspen Technology, Inc. (NASDAQ:AZPN) Shares Acquired by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA boosted its position in shares of Aspen Technology, Inc. (NASDAQ:AZPNFree Report) by 143.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,978 shares of the technology company’s stock after acquiring an additional 9,417 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in Aspen Technology were worth $3,264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Aspen Technology by 41.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,404 shares of the technology company’s stock valued at $563,000 after buying an additional 993 shares during the last quarter. HighTower Advisors LLC raised its position in Aspen Technology by 8.8% in the first quarter. HighTower Advisors LLC now owns 5,603 shares of the technology company’s stock worth $918,000 after purchasing an additional 454 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Aspen Technology by 7.6% in the first quarter. Great West Life Assurance Co. Can now owns 36,499 shares of the technology company’s stock worth $6,201,000 after purchasing an additional 2,579 shares in the last quarter. Raymond James Trust N.A. acquired a new position in Aspen Technology in the first quarter worth about $222,000. Finally, Allianz Asset Management GmbH raised its position in Aspen Technology by 1,331.8% in the first quarter. Allianz Asset Management GmbH now owns 170,315 shares of the technology company’s stock worth $28,165,000 after purchasing an additional 158,420 shares in the last quarter. Institutional investors and hedge funds own 43.94% of the company’s stock.

Aspen Technology Stock Performance

Shares of NASDAQ AZPN opened at $186.95 on Monday. The company’s 50 day simple moving average is $204.28 and its 200 day simple moving average is $194.80. Aspen Technology, Inc. has a fifty-two week low of $161.32 and a fifty-two week high of $247.96.

Analyst Ratings Changes

Several research analysts recently issued reports on AZPN shares. Loop Capital raised shares of Aspen Technology from a “hold” rating to a “buy” rating and increased their price target for the stock from $180.00 to $213.00 in a research report on Friday, December 1st. Robert W. Baird raised shares of Aspen Technology from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $194.00 to $202.00 in a research note on Tuesday, November 14th. StockNews.com raised shares of Aspen Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Piper Sandler reissued a “neutral” rating and set a $196.00 price target on shares of Aspen Technology in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $210.25.

Check Out Our Latest Analysis on Aspen Technology

About Aspen Technology

(Free Report)

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.

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Institutional Ownership by Quarter for Aspen Technology (NASDAQ:AZPN)

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