Stock Buzzer: Aspen Technology Inc (NASDAQ:AZPN) Institutional Investor Positioning

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January 18, 2017 – By baxleyreport   ·   0 Comments

Sentiment for Aspen Technology Inc (NASDAQ:AZPN)

Aspen Technology Inc (NASDAQ:AZPN) institutional sentiment increased to 1.04 in Q3 2016. Its up 0.17, from 0.87 in 2016Q2. The ratio is more positive, as 113 active investment managers increased and started new equity positions, while 109 trimmed and sold stock positions in Aspen Technology Inc. The active investment managers in our partner’s database now possess: 83.11 million shares, down from 85.87 million shares in 2016Q2. Also, the number of active investment managers holding Aspen Technology Inc in their top 10 equity positions increased from 3 to 5 for an increase of 2. Sold All: 29 Reduced: 80 Increased: 69 New Position: 44.

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 $4.16 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 32.57 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.

About 41,095 shares traded hands. Aspen Technology, Inc. (NASDAQ:AZPN) has risen 39.24% since June 13, 2016 and is uptrending. It has outperformed by 30.16% 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 $32.60 million for 31.90 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 12.44% of its portfolio in Aspen Technology, Inc. for 674,288 shares. Hmi Capital Llc owns 1.04 million shares or 8.12% of their US portfolio. Moreover, Two Creeks Capital Management Lp has 5.92% invested in the company for 2.06 million shares. The Michigan-based Provident Investment Management Inc. has invested 4.69% in the stock. Rgm Capital Llc, a Florida-based fund reported 479,954 shares.#img1#

Aspen Technology, Inc. (NASDAQ:AZPN) Ratings Coverage

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 -32.93% below today’s ($54.87) share price. AZPN was included in 10 notes of analysts from August 14, 2015. As per Saturday, August 15, the company rating was downgraded by TheStreet. Avondale initiated it with “Market Perform” rating and $36 target price in Tuesday, February 9 report. The rating was maintained by Benchmark on Tuesday, April 26 with “Hold”. The stock has “Underperform” rating given by Avondale on Friday, August 12. Benchmark downgraded the shares of AZPN in a report on Wednesday, January 13 to “Hold” rating. JP Morgan reinitiated Aspen Technology, Inc. (NASDAQ:AZPN) on Friday, April 29 with “Underweight” rating. The firm has “Hold” rating by Canaccord Genuity given on Friday, January 29.

AZPN Company Profile

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.

More news for Aspen Technology, Inc. (NASDAQ:AZPN) were recently published by: Businesswire.com, which released: “Aspen Technology Announces Date of Second-Quarter Fiscal 2017 Financial …” on January 13, 2017. Finance.Yahoo.com‘s article titled: “Aspen Technology (AZPN) Jumps: Stock Moves 5.3% Higher” and published on October 31, 2016 is yet another important article.

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