SEE AMAZON.COM DEALS FOR TODAY
1. Aspen Technology stock sale
2. Sei Investments Co. Aspen Technology shares
3. NASDAQ:AZPN shares sold
Aspen Technology, Inc. (NASDAQ:AZPN) Shares Sold by Sei Investments Co.
Sei Investments Co. reduced its holdings in Aspen Technology, Inc. (NASDAQ:AZPN) by 10.5% during the fourth quarter, selling 19,627 shares. With 167,558 shares worth $36,888,000, Sei Investments Co. owned 0.26% of Aspen Technology. Other large investors also made changes, including Dimensional Fund Advisors LP and Alaska Permanent Fund Corp. Wall Street analysts forecast growth for AZPN, with a consensus rating of “Hold” and an average price target of $219.50. Aspen Technology stock opened at $200.74, with a market cap of $12.71 billion. The company provides industrial software for asset-intensive industries. For more insights on AZPN, check out MarketBeat’s latest stock analysis.
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Aspen Technology, Inc. (NASDAQ:AZPN) Shares Sold by Sei Investments Co.
Sei Investments Co. recently disclosed a 10.5% reduction in its holdings of Aspen Technology, Inc. (NASDAQ:AZPN) during the fourth quarter, as reported in its latest filing with the Securities and Exchange Commission. The institutional investor sold 19,627 shares, bringing its total ownership down to 167,558 shares worth $36,888,000 at the end of the quarter.
Other significant changes in holdings were also made by large investors. Dimensional Fund Advisors LP increased its stake by 5.6%, Alaska Permanent Fund Corp acquired a new position, Toronto Dominion Bank increased its position by a significant percentage, Sumitomo Mitsui Trust Holdings Inc. and Fiera Capital Corp also saw increases in their holdings. In total, institutional investors and hedge funds own 45.66% of Aspen Technology’s stock.
Wall Street analysts have forecasted growth for Aspen Technology, with several research firms upgrading their ratings and increasing price targets for the company’s stock. Berenberg Bank, William Blair, and Robert W. Baird have all raised their ratings on AZPN, while Piper Sandler maintained a neutral stance. Overall, analysts have given the stock a consensus rating of “Hold” with an average price target of $219.50.
Aspen Technology’s stock opened at $200.74 on Wednesday, with a 50-day simple moving average of $207.42 and a 200-day simple moving average of $202.53. The company has a market cap of $12.71 billion, a P/E ratio of -456.22, and a beta of 0.76. In its most recent earnings report, Aspen Technology surpassed expectations, reporting $1.54 earnings per share for the quarter.
About Aspen Technology, Inc.
Aspen Technology, Inc. provides industrial software solutions for asset-intensive industries globally. The company’s software is designed to optimize asset design, operation, and maintenance lifecycles in complex environments. Its solutions cover performance engineering, modeling and design, supply chain management, maintenance, digital grid management, and industrial data management.
In conclusion, Sei Investments Co.’s recent reduction in holdings of Aspen Technology, Inc. reflects changes in the institutional investor landscape. With positive forecasts from Wall Street analysts and strong earnings results, Aspen Technology continues to be a key player in the industrial software industry.
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