Jackson Square Partners LLC Decreases Stock Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Jackson Square Partners LLC decreased its stake in Aspen Technology, Inc. (NASDAQ:AZPN) by 46.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,798 shares of the technology company’s stock after selling 68,678 shares during the period. Aspen Technology makes up 2.1% of Jackson Square Partners LLC’s portfolio, making the stock its 23rd biggest position. Jackson Square Partners LLC owned 0.12% of Aspen Technology worth $19,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Bailard Inc. grew its position in Aspen Technology by 0.9% in the fourth quarter. Bailard Inc. now owns 4,541 shares of the technology company’s stock valued at $1,134,000 after acquiring an additional 41 shares in the last quarter. Net Worth Advisory Group increased its stake in Aspen Technology by 1.0% during the 4th quarter. Net Worth Advisory Group now owns 4,197 shares of the technology company’s stock worth $1,048,000 after buying an additional 41 shares during the period. Commerce Bank lifted its holdings in Aspen Technology by 3.1% in the 3rd quarter. Commerce Bank now owns 1,550 shares of the technology company’s stock worth $370,000 after buying an additional 47 shares in the last quarter. Heritage Family Offices LLP boosted its position in Aspen Technology by 2.8% in the 4th quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock valued at $431,000 after buying an additional 47 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Aspen Technology by 30.1% during the fourth 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. Institutional investors and hedge funds own 45.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AZPN. Baird R W downgraded Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 27th. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and boosted their price objective for the company from $265.00 to $315.00 in a report on Monday, February 10th. Piper Sandler upped their price target on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. StockNews.com began coverage on Aspen Technology in a research report on Saturday. They set a “hold” rating for the company. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $265.00 target price (down from $275.00) on shares of Aspen Technology in a research 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. According to data from MarketBeat, Aspen Technology currently has an average rating of “Hold” and an average price target of $272.00.

Aspen Technology Stock Performance

NASDAQ AZPN opened at $264.33 on Tuesday. Aspen Technology, Inc. has a 1 year low of $171.25 and a 1 year high of $277.37. The stock’s 50-day moving average price is $262.67 and its two-hundred day moving average price is $249.57. The company has a market cap of $16.73 billion, a PE ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73.

Aspen Technology (NASDAQ:AZPN) last posted its quarterly 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%. Research analysts forecast that Aspen Technology, Inc. will post 6.7 EPS for the current fiscal year.

About Aspen Technology

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.