Fox Run Management L.L.C. Buys New Shares in Aspen Technology, Inc. (NASDAQ:AZPN)

Fox Run Management L.L.C. purchased a new position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,759 shares of the technology company’s stock, valued at approximately $439,000.

Other large investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Aspen Technology in the 4th quarter valued at about $3,108,000. American Century Companies Inc. grew its holdings in Aspen Technology by 2.2% during the fourth quarter. American Century Companies Inc. now owns 6,112 shares of the technology company’s stock worth $1,526,000 after purchasing an additional 134 shares during the period. Xponance Inc. increased its position in Aspen Technology by 6.1% during the fourth quarter. Xponance Inc. now owns 4,750 shares of the technology company’s stock worth $1,186,000 after buying an additional 275 shares during the last quarter. Atala Financial Inc bought a new stake in Aspen Technology in the fourth quarter valued at approximately $44,000. Finally, Impact Capital Partners LLC acquired a new stake in shares of Aspen Technology in the fourth quarter valued at approximately $1,009,000. Institutional investors and hedge funds own 45.66% of the company’s stock.

Wall Street Analyst Weigh In

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

Aspen Technology Stock Performance

NASDAQ:AZPN opened at $264.33 on Wednesday. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $277.37. The firm’s 50-day simple moving average is $262.95 and its 200 day simple moving average is $249.85. The firm has a market cap of $16.73 billion, a price-to-earnings ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73.

Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, topping 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%. Sell-side analysts anticipate that Aspen Technology, Inc. will post 6.7 EPS for the current year.

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.