Janus Henderson Group PLC Has $38.86 Million Stock Holdings in Aspen Technology, Inc. (NASDAQ:AZPN)

Janus Henderson Group PLC cut its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 32.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,678 shares of the technology company’s stock after selling 75,898 shares during the period. Janus Henderson Group PLC owned about 0.25% of Aspen Technology worth $38,862,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Aspen Technology by 23.6% in the 3rd quarter. Barclays PLC now owns 79,418 shares of the technology company’s stock worth $18,966,000 after purchasing an additional 15,176 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in shares of Aspen Technology in the 4th quarter worth approximately $228,000. Assenagon Asset Management S.A. lifted its position in shares of Aspen Technology by 37,990.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 634,210 shares of the technology company’s stock worth $158,318,000 after purchasing an additional 632,545 shares during the period. Heritage Family Offices LLP lifted its position in shares of Aspen Technology by 2.8% in the 4th quarter. Heritage Family Offices LLP now owns 1,725 shares of the technology company’s stock worth $431,000 after purchasing an additional 47 shares during the period. Finally, Avanza Fonder AB acquired a new position in shares of Aspen Technology in the 4th quarter worth approximately $424,000. 45.66% of the stock is currently owned by institutional investors and hedge funds.

Aspen Technology Stock Performance

AZPN opened at $264.33 on Thursday. The company’s fifty day moving average price is $264.34 and its two-hundred day moving average price is $257.45. Aspen Technology, Inc. has a 1-year low of $171.25 and a 1-year high of $277.37. The company has a market cap of $16.73 billion, a price-to-earnings ratio of 3,304.54, a PEG ratio of 3.00 and a beta of 0.73.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Piper Sandler boosted their price target on shares of Aspen Technology from $240.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Loop Capital upgraded shares of Aspen Technology from a “hold” rating to a “buy” rating and lifted their price objective for the company 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 objective (down previously from $275.00) on shares of Aspen Technology in a research note on Monday, January 27th. StockNews.com started coverage on shares of Aspen Technology in a research note on Friday, May 9th. They issued a “hold” rating for the company. Finally, Baird R W lowered shares of Aspen Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 27th. Five 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, the company currently has a consensus rating of “Hold” and an average price target of $272.00.

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.