<div id="readability-page-1"><p>Raymond James Financial Inc. purchased a new position in  Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 267,115 shares of the technology company's stock, valued at approximately $66,680,000. Raymond James Financial Inc. owned about 0.42% of Aspen Technology at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Aspen Technology</strong> alerts:</span></p></div><ul><li>AspenTech Forms Potentially Bullish Pattern Ahead of Earnings</li></ul><p>Several other large investors have also recently modified their holdings of AZPN. Wealth Enhancement Advisory Services LLC raised its position in  Aspen Technology by 11.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,312 shares of the technology company's stock worth $313,000 after buying an additional 133 shares during the last quarter.  Van ECK Associates Corp raised its position in  Aspen Technology by 28.5% in the 3rd quarter. Van ECK Associates Corp now owns 698 shares of the technology company's stock worth $162,000 after buying an additional 155 shares during the last quarter.  Covestor Ltd raised its position in  Aspen Technology by 47.7% in the 3rd quarter. Covestor Ltd now owns 542 shares of the technology company's stock worth $130,000 after buying an additional 175 shares during the last quarter.  Crossmark Global Holdings Inc. raised its position in  Aspen Technology by 16.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,187 shares of the technology company's stock worth $522,000 after buying an additional 303 shares during the last quarter.  Finally, Venturi Wealth Management LLC raised its position in  Aspen Technology by 62.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,350 shares of the technology company's stock worth $322,000 after buying an additional 518 shares during the last quarter. Hedge funds and other institutional investors own  45.66% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>A number of brokerages have weighed in on AZPN. Robert W. Baird  reissued a &#34;neutral&#34; rating and issued a $265.00 target price (down previously from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Baird R W lowered Aspen Technology from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Monday, January 27th. Loop Capital raised Aspen Technology from a &#34;hold&#34; rating to a &#34;buy&#34; rating and boosted their target price for the stock from $265.00 to $315.00 in a research report on Monday, February 10th. Piper Sandler boosted their price target on Aspen Technology from $240.00 to $265.00 and gave the company a &#34;neutral&#34; rating in a research note on Monday, January 27th. Finally, StockNews.com assumed coverage on Aspen Technology in a research note on Thursday, March 6th. They set a &#34;hold&#34; rating for the company. Six equities research analysts have rated the stock with a hold rating and two have assigned  a buy rating to the company. According to MarketBeat, the stock currently has an average rating of &#34;Hold&#34; and a consensus price target of $272.00.</p><ul><li>The Outperforming Software Stock No One is Talking About</li></ul><p><b>View Our Latest Analysis on AZPN</b></p><h2>Aspen Technology Stock Down 0.4 %</h2><p>Aspen Technology stock opened at $264.30 on Tuesday. The business has a 50-day simple moving average of $259.93 and a two-hundred day simple moving average of $246.76. The company has a market cap of $16.73 billion, a P/E ratio of 3,304.16, a P/E/G 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. </p><p>Aspen Technology (NASDAQ:AZPN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%.  Research analysts anticipate that  Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year. </p><h2>About Aspen Technology</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Aspen Technology</li><li>Why Invest in 5G? How to Invest in 5G Stocks  </li><li>How to Protect Your Portfolio When Inflation Is Rising</li><li>Investing in Construction Stocks</li><li>3 Tech Stocks Defying Sector Weakness and Thriving in 2025</li><li>How to Know Which Cryptocurrency to Buy: A Guide for Investors</li><li>Despite Challenges Novo Nordisk Plans to Crush GLP-1 Competitors</li></ul><p><strong>Want to see what other hedge funds are holding AZPN?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aspen Technology, Inc. (NASDAQ:AZPN - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVpQTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVpQTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Aspen Technology Right Now?</h2><p>Before you consider Aspen Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aspen Technology wasn't on the list.</p><p>While Aspen Technology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

AZPN

<p>Raymond James Financial Inc. invested $66.68 million in Aspen Technology, Inc. (NASDAQ:AZPN) by purchasing 267,115 shares in the 4th quarter. This acquisition represents approximately 0.42% of Aspen Technology. Other investors have also increased their stakes in the company. Analysts have mixed ratings on Aspen Technology, with a consensus price target of $272.00. The stock opened at $264.30, with a market cap of $16.73 billion and a recent earnings report showing $1.88 EPS, beating estimates.</p>

Market Beat

Raymond James Financial Inc. Invests $66.68 Million in Aspen Technology, Inc. (NASDAQ:AZPN)