It’s been a crucial week for Aspen Technology, Inc. (NASDAQ:AZPN); here’s what analysts have to say.

April 17, 2018 - By Nellie Frank

Aspen Technology, Inc. (NASDAQ:AZPN) LogoInvestors sentiment decreased to 0.78 in 2017 Q4. Its down 0.05, from 0.83 in 2017Q3. It worsened, 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.
Boothbay Fund Lc reported 40,577 shares. Cwm Ltd Liability holds 86 shares. Symphony Asset Management Ltd Llc has 0.04% invested in Aspen Technology, Inc. (NASDAQ:AZPN). Columbia Wanger Asset Limited Com invested in 0.23% or 235,999 shares. Polen Mgmt Llc holds 4,675 shares or 0% of its portfolio. Moreover, Martingale Asset Mgmt Limited Partnership has 0.09% invested in Aspen Technology, Inc. (NASDAQ:AZPN) for 103,024 shares. 1,000 were reported by Fuller & Thaler Asset Mngmt. Renaissance Technologies Limited Co holds 3.48M shares or 0.25% of its portfolio. Fisher Asset Mngmt Ltd Liability Co stated it has 0.17% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN). Provident Investment Incorporated holds 2.41% or 228,465 shares. The Texas-based Dimensional Fund Advisors Lp has invested 0.01% in Aspen Technology, Inc. (NASDAQ:AZPN). Profund Advsrs Ltd Liability Corporation holds 3,507 shares. Credit Suisse Ag owns 98,971 shares or 0.01% of their US portfolio. Amer Capital reported 28,550 shares. Jennison Ltd Liability invested in 0% or 6,764 shares.

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 11 analyst reports since October 26, 2017 according to SRatingsIntel. Wedbush maintained Aspen Technology, Inc. (NASDAQ:AZPN) rating on Thursday, January 25. Wedbush has “Hold” rating and $74.0 target. Canaccord Genuity maintained the shares of AZPN in report on Friday, October 27 with “Hold” rating. The stock has “Outperform” rating by Robert W. Baird on Monday, April 9. On Wednesday, January 24 the stock rating was maintained by Canaccord Genuity with “Hold”. KeyBanc Capital Markets maintained Aspen Technology, Inc. (NASDAQ:AZPN) rating on Monday, January 8. KeyBanc Capital Markets has “Buy” rating and $83.0 target. The firm has “Hold” rating by Robert W. Baird given on Wednesday, January 24. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, October 26. KeyBanc Capital Markets maintained the shares of AZPN in report on Wednesday, January 24 with “Buy” rating. The stock has “Hold” rating by Robert W. Baird on Thursday, October 26. Below is a list of Aspen Technology, Inc. (NASDAQ:AZPN) latest ratings and price target changes.

09/04/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Outperform Old Target: $63 New Target: $90 Upgrade
25/01/2018 Broker: Wedbush Rating: Hold New Target: $74.0 Maintain
24/01/2018 Broker: Canaccord Genuity Rating: Hold New Target: $73.0 Maintain
24/01/2018 Broker: Robert W. Baird Rating: Hold New Target: $77.0 Maintain
24/01/2018 Broker: KeyBanc Capital Markets Rating: Buy New Target: $88.0 Maintain
08/01/2018 Broker: KeyBanc Capital Markets Rating: Buy New Target: $83.0 Maintain
03/01/2018 Broker: J.P. Morgan Rating: Sell New Target: $65.0
06/11/2017 Broker: Bank of America Rating: Neutral New Target: $67 Initiates Coverage On
27/10/2017 Broker: Canaccord Genuity Rating: Hold Old Target: $62 New Target: $63 Maintain
26/10/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $73.0 Maintain

The stock increased 0.85% or $0.73 during the last trading session, reaching $86.27. About 47,179 shares traded. Aspen Technology, Inc. (NASDAQ:AZPN) has risen 37.31% since April 17, 2017 and is uptrending. It has outperformed by 25.76% the S&P500.

Aspen Technology, Inc., together with its subsidiaries, provides software and services in the United States, Europe, and internationally. The company has market cap of $6.21 billion. It operates through two divisions, Subscription and Software, and Services. It has a 39.43 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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