Hsbc Holdings PLC owns $1.49 million worth of Aspen Technology, Inc. shares.
Hsbc Holdings PLC reduced its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN – Free Report) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,772 shares of the technology company’s stock after selling 1,635 shares during the period. Hsbc Holdings PLC’s holdings in Aspen Technology were worth $1,492,000 in its most recent SEC filing.
Several other institutional investors have also recently increased or reduced their holdings in AZPN. Dimensional Fund Advisors LP lifted its position in shares of Aspen Technology by 5.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 313,105 shares of the technology company’s stock worth $68,931,000 after purchasing an additional 16,649 shares during the period. Alaska Permanent Fund Corp acquired a new stake in shares of Aspen Technology in the 4th quarter valued at $2,957,000. Toronto Dominion Bank increased its holdings in shares of Aspen Technology by 79,514.3% in the 3rd quarter. Toronto Dominion Bank now owns 5,573 shares of the technology company’s stock worth $1,138,000 after purchasing an additional 5,566 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Aspen Technology by 2.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 415,662 shares of the technology company’s stock worth $91,508,000 after purchasing an additional 8,856 shares in the last quarter. Finally, Fiera Capital Corp increased its holdings in Aspen Technology by 7.0% during the third quarter. Fiera Capital Corp now owns 198,913 shares of the technology company’s stock valued at $40,630,000 after purchasing an additional 13,009 shares during the last quarter. 45.66% of the shares are owned by institutional investors and hedge funds.
Aspen Technology Stock Performance
NASDAQ:AZPN opened at $202.56 on Friday. The company has a market cap of $12.83 billion, a P/E ratio of -460.35, a P/E/G ratio of 2.61, and a beta of 0.76. The stock’s fifty-day moving average price is $207.89 and its two-hundred day moving average price is $202.18. Aspen Technology, Inc. has a 52 week low of $161.32 and a 52 week high of $224.77.
Aspen Technology (NASDAQ:AZPN – Get Free Report) last reported its quarterly earnings results on Tuesday, May 7th. The technology company reported earnings per share (EPS) of $1.54 for the quarter, beating the consensus estimate of $1.15 by $0.39. The business had revenue of $278.11 million for the quarter, compared to analyst estimates of $251.65 million. Aspen Technology had a positive return on equity of 2.76% and a negative net margin of 2.46%. On average, stock analysts predict that Aspen Technology, Inc. will post 5.52 EPS for the current fiscal year.
Wall Street analyst weighs in
Several analysts have weighed in on AZPN shares. Robert W. Baird increased his price objective on shares of Aspen Technology from $210.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, 15 May. William Blair upgraded Aspen Technology to a “hold” rating in a report released on Tuesday, May 7. Piper Sandler lowered their price objective on Aspen Technology from $196.00 to $180.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, Berenberg Bank upgraded Aspen Technology from a “hold” rating to a “buy” rating and raised the stock’s price target from $185.00 to $255.00 in a report released on Friday. fair, May 17th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $219.50.
Get our latest Aspen Technology reviews
Aspen Technology Company Profile
(Free Report)
Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries around the world. The company’s solutions serve complex environments where it is essential to optimize the design, operation and maintenance life cycle of assets. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital network management, and industrial data management.
Featured stories
Receive Aspen Technology news and reviews daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Aspen Technology and related companies with MarketBeat.com’s FREE daily email newsletter.
