OneDigital Investment Advisors LLC Has $230,000 Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

OneDigital Investment Advisors LLC reduced its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 64.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 921 shares of the technology company’s stock after selling 1,692 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Aspen Technology were worth $230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Aspen Technology in the 4th quarter worth approximately $26,000. Atala Financial Inc acquired a new position in shares of Aspen Technology in the 4th quarter worth approximately $44,000. Bessemer Group Inc. boosted its holdings in shares of Aspen Technology by 29.7% in the 4th quarter. Bessemer Group Inc. now owns 192 shares of the technology company’s stock worth $48,000 after acquiring an additional 44 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Aspen Technology by 965.0% in the 4th quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock worth $53,000 after acquiring an additional 193 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Aspen Technology by 5,700.0% in the 4th quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock worth $58,000 after acquiring an additional 228 shares in the last quarter. 45.66% of the stock is owned by institutional investors and hedge funds.

Aspen Technology Stock Performance

Shares of Aspen Technology stock opened at $264.33 on Tuesday. The firm has a fifty day moving average of $264.36 and a two-hundred day moving average of $255.42. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $277.37.

Aspen Technology (NASDAQ:AZPN) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. As a group, research analysts forecast that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com assumed coverage on Aspen Technology in a report on Wednesday, April 23rd. They set a “hold” rating on the stock. Piper Sandler upped their price objective on Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and upped their price objective for the stock from $265.00 to $315.00 in a report on Monday, February 10th. Robert W. Baird reaffirmed a “neutral” rating and set a $265.00 price objective (down previously from $275.00) on shares of Aspen Technology in a report on Monday, January 27th. Finally, Baird R W downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $272.00.

Aspen Technology Company 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.