Heritage Family Offices LLP Purchases 47 Shares of Aspen Technology, Inc. (NASDAQ:AZPN)

Heritage Family Offices LLP lifted its stake in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,725 shares of the technology company’s stock after purchasing an additional 47 shares during the quarter. Heritage Family Offices LLP’s holdings in Aspen Technology were worth $431,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in shares of Aspen Technology by 37,990.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock valued at $158,318,000 after buying an additional 632,545 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Aspen Technology in the 4th quarter valued at about $228,000. Threadgill Financial LLC acquired a new position in Aspen Technology during the 4th quarter valued at about $244,000. GAMMA Investing LLC boosted its stake in Aspen Technology by 30.1% during the 4th quarter. GAMMA Investing LLC now owns 251 shares of the technology company’s stock valued at $63,000 after purchasing an additional 58 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Aspen Technology by 89.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 363,449 shares of the technology company’s stock worth $86,799,000 after purchasing an additional 171,351 shares in the last quarter. Institutional investors and hedge funds own 45.66% of the company’s stock.

Wall Street Analyst Weigh In

AZPN has been the subject of several recent analyst reports. StockNews.com started coverage on Aspen Technology in a research report on Thursday, January 9th. They set a “hold” rating for the company. Loop Capital lifted their target price on Aspen Technology from $204.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Robert W. Baird increased their price target on shares of Aspen Technology from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Berenberg Bank downgraded shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Bank of America boosted their target price 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $258.00.

Aspen Technology Stock Up 0.3 %

Shares of NASDAQ AZPN opened at $250.75 on Thursday. The firm’s fifty day moving average is $249.54 and its 200 day moving average is $229.15. Aspen Technology, Inc. has a 52 week low of $171.25 and a 52 week high of $254.44.

Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.85 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $265.04 million. During the same period last year, the company posted $0.96 earnings per share. The business’s revenue was down 13.4% on a year-over-year basis. Equities research analysts expect that Aspen Technology, Inc. will post 6.68 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.