Franklin Resources Inc. Grows Position in Aspen Technology, Inc. (NASDAQ:AZPN)

Franklin Resources Inc. raised its holdings in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,822 shares of the technology company’s stock after buying an additional 362 shares during the quarter. Franklin Resources Inc. owned about 0.34% of Aspen Technology worth $47,073,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Aspen Technology by 3.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,721,956 shares of the technology company’s stock worth $760,247,000 after buying an additional 124,934 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Aspen Technology by 12.9% during the 3rd quarter. Nordea Investment Management AB now owns 1,044,959 shares of the technology company’s stock valued at $215,920,000 after acquiring an additional 119,102 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Aspen Technology by 116.1% during the 3rd quarter. Wellington Management Group LLP now owns 567,200 shares of the technology company’s stock valued at $115,856,000 after acquiring an additional 304,712 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Aspen Technology by 2.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 415,662 shares of the technology company’s stock valued at $91,508,000 after acquiring an additional 8,856 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Aspen Technology by 5.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 313,105 shares of the technology company’s stock valued at $68,931,000 after acquiring an additional 16,649 shares during the last quarter. Hedge funds and other institutional investors own 45.66% of the company’s stock.

Aspen Technology Trading Up 0.9 %

Shares of NASDAQ:AZPN opened at $220.96 on Friday. The firm’s 50-day moving average is $206.48 and its two-hundred day moving average is $199.74. Aspen Technology, Inc. has a 1 year low of $161.32 and a 1 year high of $224.77.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AZPN shares. William Blair raised shares of Aspen Technology to a “hold” rating in a research report on Tuesday, May 7th. Piper Sandler lowered their price target on shares of Aspen Technology from $196.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Robert W. Baird boosted their price target on shares of Aspen Technology from $210.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. StockNews.com raised shares of Aspen Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, Berenberg Bank raised shares of Aspen Technology from a “hold” rating to a “buy” rating and boosted their price target for the company from $185.00 to $255.00 in a research report on Friday, May 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $219.50.

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.