December 1, 2016 - By Richard Conner · 0 Comments
Aspen Technology Inc (NASDAQ:AZPN) institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.17, from 0.87 in 2016Q1. The ratio improved, as 98 funds opened new and increased equity positions, while 113 decreased and sold holdings in Aspen Technology Inc. The funds in our partner’s database now possess: 85.87 million shares, down from 88.77 million shares in 2016Q1. Also, the number of funds holding Aspen Technology Inc in their top 10 equity positions decreased from 4 to 3 for a decrease of 1. Sold All: 39 Reduced: 74 Increased: 77 New Position: 21.
Aspen Technology, Inc. is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The company has a market cap of $4.09 billion. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries. It has a 31.36 P/E ratio. It operates through two divisions, including subscription and software, which provides licensing of process optimization software solutions and associated support services, and services, which includes professional services and training.
The stock decreased 0.09% or $0.05 during the last trading session, hitting $52.83. Aspen Technology, Inc. (NASDAQ:AZPN) has risen 38.81% since April 28, 2016 and is uptrending. It has outperformed by 32.88% the S&P500.
Analysts await Aspen Technology, Inc. (NASDAQ:AZPN) to report earnings on January, 26. They expect $0.43 earnings per share, down 4.44% or $0.02 from last year’s $0.45 per share. AZPN’s profit will be $33.29 million for 30.72 P/E if the $0.43 EPS becomes a reality. After $0.44 actual earnings per share reported by Aspen Technology, Inc. for the previous quarter, Wall Street now forecasts -2.27% negative EPS growth.
According to Zacks Investment Research, “Aspen Technology Inc. is a recognized expert and leading provider of award-winning process optimization software and services. AspenTech’s integrated aspenONE solutions enable manufacturers to reduce costs, increase capacity, and optimize operational performance end-to-end throughout the engineering, plant operations, and supply chain management processes, resulting in millions of dollars in cost savings.”
Bluespruce Investments Lp holds 11.07% of its portfolio in Aspen Technology, Inc. for 684,756 shares. Hmi Capital Llc owns 1.04 million shares or 7.91% of their US portfolio. Moreover, Two Creeks Capital Management Lp has 5.49% invested in the company for 2.06 million shares. The Michigan-based Provident Investment Management Inc. has invested 4.01% in the stock. Rgm Capital Llc, a Florida-based fund reported 648,949 shares.#img1#
Ratings analysis reveals 0 of Aspen Technology’s analysts are positive. Out of 4 Wall Street analysts rating Aspen Technology, 0 give it “Buy”, 2 “Sell” rating, while 2 recommend “Hold”. The lowest target is $28 while the high is $45. The stock’s average target of $36.80 is -30.34% below today’s ($52.83) share price. AZPN was included in 10 notes of analysts from August 14, 2015. Canaccord Genuity maintained the shares of AZPN in a report on Friday, January 29 with “Hold” rating. The firm has “Underperform” rating by Avondale given on Friday, August 12. The rating was downgraded by TheStreet to “Buy” on Saturday, August 15. The firm earned “Hold” rating on Wednesday, January 13 by Benchmark. On Tuesday, February 9 the stock rating was initiated by Avondale with “Market Perform”. The firm has “Hold” rating by Benchmark given on Tuesday, April 26. On Friday, April 29 the stock rating was reinitiated by JP Morgan with “Underweight”.
Aspen Technology, Inc., incorporated on March 11, 1998, is a global well-known provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries. The Firm operates through two divisions, which include subscription and software, and services. The subscription and software segment is engaged in the licensing of process optimization software solutions and associated support services. The services segment includes professional services and training. The Firm has developed its applications to design and optimize processes across approximately three principal business areas, including engineering, manufacturing and supply chain.
Another recent and important Aspen Technology, Inc. (NASDAQ:AZPN) news was published by Nasdaq.com which published an article titled: “Earnings Reaction History: Aspen Technology Inc., 50.0% Follow-Through …” on October 27, 2016.
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By Richard Conner