Jackson Square Partners LLC Sells 68,678 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Jackson Square Partners LLC decreased its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 46.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,798 shares of the technology company’s stock after selling 68,678 shares during the period. Aspen Technology accounts for 2.1% of Jackson Square Partners LLC’s investment portfolio, making the stock its 23rd biggest holding. Jackson Square Partners LLC’s holdings in Aspen Technology were worth $19,670,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Aspen Technology in the fourth quarter valued at approximately $26,000. Atala Financial Inc bought a new position in shares of Aspen Technology during the 4th quarter worth about $44,000. Jones Financial Companies Lllp raised its position in shares of Aspen Technology by 965.0% during the fourth quarter. Jones Financial Companies Lllp now owns 213 shares of the technology company’s stock valued at $53,000 after buying an additional 193 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Aspen Technology by 5,700.0% in the fourth quarter. Blue Trust Inc. now owns 232 shares of the technology company’s stock valued at $58,000 after buying an additional 228 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Aspen Technology by 30.1% in the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after acquiring an additional 58 shares in the last quarter. 45.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on AZPN. Baird R W cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and boosted their price target for the company from $265.00 to $315.00 in a research report on Monday, February 10th. StockNews.com assumed coverage on Aspen Technology in a report on Saturday. They set a “hold” rating for the company. Robert W. Baird restated a “neutral” rating and issued a $265.00 target price (down from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. Finally, Piper Sandler lifted their target price on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Aspen Technology currently has an average rating of “Hold” and an average target price of $272.00.

Aspen Technology Price Performance

AZPN stock opened at $264.33 on Tuesday. The business has a 50-day moving average of $262.67 and a 200-day moving average of $249.57. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $277.37. The stock has a market capitalization of $16.73 billion, a P/E ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a net margin of 0.54% and a return on equity of 3.17%. Equities analysts expect that Aspen Technology, Inc. will post 6.7 EPS for the current year.

Aspen Technology 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.