Fox Run Management L.L.C. Makes New $439,000 Investment in Aspen Technology, Inc. (NASDAQ:AZPN)

Fox Run Management L.L.C. bought a new stake in Aspen Technology, Inc. (NASDAQ:AZPN) in the 4th quarter, Holdings Channel reports. The institutional investor bought 1,759 shares of the technology company’s stock, valued at approximately $439,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AZPN. Bailard Inc. raised its position in Aspen Technology by 0.9% during the fourth quarter. Bailard Inc. now owns 4,541 shares of the technology company’s stock valued at $1,134,000 after purchasing an additional 41 shares in the last quarter. Net Worth Advisory Group increased its stake in shares of Aspen Technology by 1.0% in the 4th quarter. Net Worth Advisory Group now owns 4,197 shares of the technology company’s stock valued at $1,048,000 after purchasing an additional 41 shares during the last quarter. Commerce Bank increased its stake in shares of Aspen Technology by 3.1% in the 3rd quarter. Commerce Bank now owns 1,550 shares of the technology company’s stock valued at $370,000 after purchasing an additional 47 shares during the last quarter. Heritage Family Offices LLP raised its holdings in shares of Aspen Technology by 2.8% during the 4th quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock worth $431,000 after buying an additional 47 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Aspen Technology by 30.1% during the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock worth $63,000 after buying an additional 58 shares during the last quarter. Institutional investors own 45.66% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Aspen Technology Stock Performance

AZPN stock opened at $264.33 on Wednesday. The company has a market capitalization of $16.73 billion, a P/E ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73. The company has a fifty day moving average price of $262.95 and a 200-day moving average price of $249.85. Aspen Technology, Inc. has a 52-week low of $171.25 and a 52-week high of $277.37.

Aspen Technology (NASDAQ:AZPN) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. As a group, sell-side analysts forecast that Aspen Technology, Inc. will post 6.7 earnings per share for the current fiscal 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.