Aspen Technology, Inc. (AZPN) Can’t Be More Hot. Just Reaches All-Time High

April 26, 2018 - By Ellis Scott

Aspen Technology, Inc. (NASDAQ:AZPN) Logo

Investors sentiment decreased to 0.78 in Q4 2017. Its down 0.05, from 0.83 in 2017Q3. It fall, as 24 investors sold Aspen Technology, Inc. shares while 103 reduced holdings. 36 funds opened positions while 63 raised stakes. 70.67 million shares or 2.29% less from 72.32 million shares in 2017Q3 were reported.
Wesbanco Commercial Bank Inc, a West Virginia-based fund reported 4,990 shares. 10,583 are owned by Strategic Global Advsrs Ltd Company. Jefferies Ltd Liability owns 12,963 shares or 0% of their US portfolio. Ameritas Investment Ptnrs Inc has 6,163 shares. Moreover, Northcoast Asset Limited has 0.28% invested in Aspen Technology, Inc. (NASDAQ:AZPN) for 46,479 shares. California State Teachers Retirement invested in 115,340 shares. Sit Assocs Inc holds 58,850 shares or 0.09% of its portfolio. Nuveen Asset Mgmt Ltd Liability Co has 18,854 shares for 0.01% of their portfolio. Quantitative Systematic Strategies Limited Liability Company holds 0.06% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN) for 3,626 shares. Plante Moran Fincl Advsr Lc holds 0% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN) for 17 shares. Goldman Sachs Group stated it has 236,395 shares. Bluemountain Management Limited Co invested in 0.03% or 22,323 shares. Polen Cap Management Ltd Com, a Florida-based fund reported 4,675 shares. Strs Ohio owns 29,900 shares for 0.01% of their portfolio. Employees Retirement Association Of Colorado reported 0.2% stake.

The stock of Aspen Technology, Inc. (NASDAQ:AZPN) reached all time high today, Apr, 26 and still has $95.47 target or 4.00 % above today’s $91.80 share price. This indicates more upside for the $6.60 billion company. This technical setup was reported by Barchart.com. If the $95.47 PT is reached, the company will be worth $264.16M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 7.34% or $6.28 during the last trading session, reaching $91.8. About 792,352 shares traded or 92.29% up from the average. Aspen Technology, Inc. (NASDAQ:AZPN) has risen 37.31% since April 26, 2017 and is uptrending. It has outperformed by 25.76% the S&P500.

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

Among 6 analysts covering Aspen Technology (NASDAQ:AZPN), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Aspen Technology had 10 analyst reports since October 27, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, January 25 by Wedbush. Robert W. Baird upgraded the shares of AZPN in report on Monday, April 9 to “Outperform” rating. The company was maintained on Wednesday, January 24 by Robert W. Baird. Canaccord Genuity maintained Aspen Technology, Inc. (NASDAQ:AZPN) on Wednesday, April 25 with “Hold” rating. KeyBanc Capital Markets maintained it with “Buy” rating and $88.0 target in Wednesday, January 24 report. Canaccord Genuity maintained Aspen Technology, Inc. (NASDAQ:AZPN) on Wednesday, January 24 with “Hold” rating. On Friday, October 27 the stock rating was maintained by Canaccord Genuity with “Hold”. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, January 8.

Aspen Technology, Inc., together with its subsidiaries, provides software and services in the United States, Europe, and internationally. The company has market cap of $6.60 billion. It operates through two divisions, Subscription and Software, and Services. It has a 41.96 P/E ratio. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

Aspen Technology, Inc. (NASDAQ:AZPN) Institutional Positions Chart

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