Alliance Wealth Advisors LLC UT Boosts Stock Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Alliance Wealth Advisors LLC UT raised its position in Aspen Technology, Inc. (NASDAQ:AZPN) by 14.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,504 shares of the technology company’s stock after buying an additional 190 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Aspen Technology were worth $331,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its position in shares of Aspen Technology by 43.9% in the third quarter. CWM LLC now owns 226 shares of the technology company’s stock valued at $46,000 after purchasing an additional 69 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Aspen Technology by 94.4% in the 3rd quarter. Fifth Third Bancorp now owns 350 shares of the technology company’s stock valued at $71,000 after purchasing an additional 170 shares in the last quarter. Signaturefd LLC grew its stake in shares of Aspen Technology by 152.3% during the third quarter. Signaturefd LLC now owns 497 shares of the technology company’s stock valued at $102,000 after buying an additional 300 shares during the last quarter. Steph & Co. grew its position in Aspen Technology by 49.2% during the 3rd quarter. Steph & Co. now owns 861 shares of the technology company’s stock worth $176,000 after acquiring an additional 284 shares during the last quarter. Finally, Austin Private Wealth LLC bought a new stake in Aspen Technology during the 4th quarter valued at $202,000. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Aspen Technology Stock Up 0.2 %

NASDAQ:AZPN traded up $0.43 during midday trading on Friday, hitting $198.43. The stock had a trading volume of 92,381 shares, compared to its average volume of 165,960. Aspen Technology, Inc. has a one year low of $161.32 and a one year high of $224.77. The stock has a 50-day moving average of $200.22 and a 200 day moving average of $196.34.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.17 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 company had revenue of $257.16 million for the quarter, compared to analyst estimates of $259.70 million. Sell-side analysts predict that Aspen Technology, Inc. will post 5.82 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on AZPN. Piper Sandler restated a “neutral” rating and issued a $196.00 price objective on shares of Aspen Technology in a report on Wednesday, February 7th. StockNews.com raised Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $203.67.

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.