Janus Henderson Group PLC Purchases 186 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Janus Henderson Group PLC raised its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 0.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 231,576 shares of the technology company’s stock after purchasing an additional 186 shares during the period. Janus Henderson Group PLC owned 0.37% of Aspen Technology worth $55,305,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Aspen Technology in the 2nd quarter valued at about $3,042,000. Brown Brothers Harriman & Co. lifted its position in shares of Aspen Technology by 31.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 166,352 shares of the technology company’s stock worth $39,728,000 after buying an additional 39,396 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Aspen Technology by 15.9% in the 3rd quarter. Citigroup Inc. now owns 23,240 shares of the technology company’s stock worth $5,550,000 after purchasing an additional 3,186 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Aspen Technology by 5.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 582,682 shares of the technology company’s stock worth $139,156,000 after purchasing an additional 28,820 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Aspen Technology in the 3rd quarter worth approximately $713,000. 45.66% of the stock is owned by institutional investors.

Aspen Technology Price Performance

Shares of Aspen Technology stock opened at $249.93 on Friday. Aspen Technology, Inc. has a 1-year low of $171.25 and a 1-year high of $254.04. The company’s fifty day simple moving average is $241.72 and its 200-day simple moving average is $219.99. The stock has a market capitalization of $15.81 billion, a PE ratio of -430.91, a P/E/G ratio of 2.83 and a beta of 0.76.

Aspen Technology (NASDAQ:AZPN) last released its earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.54). Aspen Technology had a negative net margin of 3.26% and a positive return on equity of 2.81%. The firm had revenue of $215.90 million for the quarter, compared to analysts’ expectations of $265.04 million. During the same quarter last year, the firm posted $0.96 EPS. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. As a group, research analysts anticipate that Aspen Technology, Inc. will post 6.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Loop Capital lifted their price objective on shares of Aspen Technology from $204.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Berenberg Bank lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. StockNews.com initiated coverage on shares of Aspen Technology in a research note on Saturday, November 30th. They issued a “hold” rating for the company. Piper Sandler upped their price objective on shares of Aspen Technology from $217.00 to $240.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Bank of America upped their price objective on shares of Aspen Technology from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $253.00.

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.