Jane Street Group LLC Has $441,000 Stake in Aspen Technology, Inc. (NASDAQ:AZPN)

Jane Street Group LLC decreased its position in Aspen Technology, Inc. (NASDAQ:AZPN - Free Report) by 86.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,846 shares of the technology company's stock after selling 11,614 shares during the quarter. Jane Street Group LLC's holdings in Aspen Technology were worth $441,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AZPN. International Assets Investment Management LLC acquired a new stake in shares of Aspen Technology in the third quarter worth $290,880,000. Dimensional Fund Advisors LP lifted its position in Aspen Technology by 26.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 524,604 shares of the technology company's stock worth $104,199,000 after acquiring an additional 109,783 shares during the last quarter. American Capital Management Inc. lifted its position in Aspen Technology by 116.9% during the 3rd quarter. American Capital Management Inc. now owns 195,271 shares of the technology company's stock worth $46,635,000 after acquiring an additional 105,254 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Aspen Technology during the third quarter valued at about $19,928,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Aspen Technology by 1.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,090,314 shares of the technology company's stock valued at $812,459,000 after purchasing an additional 65,143 shares during the last quarter. Institutional investors and hedge funds own 45.66% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Robert W. Baird boosted their price objective on Aspen Technology from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Bank of America upped their price target on Aspen Technology from $225.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, September 18th. Berenberg Bank downgraded shares of Aspen Technology from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. StockNews.com initiated coverage on shares of Aspen Technology in a research note on Wednesday, January 1st. They set a "hold" rating for the company. Finally, Loop Capital raised their price target on shares of Aspen Technology from $204.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $258.00.

Aspen Technology Trading Up 0.1 %

NASDAQ:AZPN traded up $0.18 during mid-day trading on Tuesday, hitting $253.08. The company's stock had a trading volume of 341,373 shares, compared to its average volume of 369,868. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of -436.34, a P/E/G ratio of 2.89 and a beta of 0.76. Aspen Technology, Inc. has a fifty-two week low of $171.25 and a fifty-two week high of $254.44. The stock has a fifty day moving average of $248.16 and a 200-day moving average of $227.13.

Aspen Technology (NASDAQ:AZPN - Get Free Report) last issued its earnings results on Monday, November 4th. The technology company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.54). Aspen Technology had a positive return on equity of 2.81% and a negative net margin of 3.26%. The company had revenue of $215.90 million during the quarter, compared to analyst estimates of $265.04 million. During the same period in the previous year, the company posted $0.96 earnings per share. The company's quarterly revenue was down 13.4% on a year-over-year basis. On average, equities analysts anticipate that Aspen Technology, Inc. will post 6.68 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.