Old Mutual Global Investors Uk Ltd Increased Aspen Technology Inc (NASDAQ:AZPN) Stake by $16.87 Million

February 8, 2018 - By Darrin Black

Investors sentiment increased to 0.83 in 2017 Q3. Its up 0.05, from 0.78 in 2017Q2. It is positive, as 23 investors sold AZPN shares while 97 reduced holdings. 35 funds opened positions while 65 raised stakes. 72.32 million shares or 3.23% less from 74.74 million shares in 2017Q2 were reported. Barclays Public Limited Com holds 0% or 6,858 shares in its portfolio. New York State Common Retirement Fund has invested 0.02% in Aspen Technology, Inc. (NASDAQ:AZPN). D E Shaw And Com Incorporated holds 0.01% or 147,749 shares in its portfolio. Citadel Advsr Limited Liability Company invested 0.04% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN). Bbva Compass Bancshares Incorporated accumulated 7,214 shares or 0.03% of the stock. Two Creeks Cap L P owns 1.51M shares for 5.41% of their portfolio. Geode Cap Management Limited Liability Corporation invested in 0.02% or 753,646 shares. First Advsr L P holds 0% or 12,599 shares in its portfolio. National Bank & Trust Of Nova Scotia Trust reported 0% in Aspen Technology, Inc. (NASDAQ:AZPN). 39,797 are owned by Colony Gp Ltd Company. American Intl Gru owns 50,354 shares or 0.01% of their US portfolio. Piermont Mgmt holds 0.22% in Aspen Technology, Inc. (NASDAQ:AZPN) or 10,430 shares. Nicholas Inv Prtn L P reported 77,348 shares stake. Principal Gru has 0.03% invested in Aspen Technology, Inc. (NASDAQ:AZPN). Eagle Boston Investment Mngmt reported 121,980 shares or 0.8% of all its holdings.

Old Mutual Global Investors Uk Ltd increased its stake in Aspen Technology Inc (NASDAQ:AZPN) by 51.31% based on its latest 2017Q4 regulatory filing with the SEC. Old Mutual Global Investors Uk Ltd bought 255,635 shares as the company’s stock rose 2.19% with the market. The institutional investor held 753,868 shares of the technology company at the end of 2017Q4, valued at $49.91 million, up from 498,233 at the end of the previous reported quarter. Old Mutual Global Investors Uk Ltd who had been investing in Aspen Technology Inc for a number of months, seems to be bullish on the $5.35 billion market cap company. The stock decreased 0.75% or $0.56 during the last trading session, reaching $74.33. About 315,330 shares traded. Aspen Technology, Inc. (NASDAQ:AZPN) has risen 59.88% since February 8, 2017 and is uptrending. It has outperformed by 43.18% the S&P500.

Old Mutual Global Investors Uk Ltd, which manages about $10.85B US Long portfolio, decreased its stake in Hartford Finl Svcs Group Inc (NYSE:HIG) by 188,606 shares to 375,040 shares, valued at $21.11M in 2017Q4, according to the filing. It also reduced its holding in Colgate Palmolive Co (NYSE:CL) by 162,544 shares in the quarter, leaving it with 469,989 shares, and cut its stake in Citrix Sys Inc (NASDAQ:CTXS).

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

Among 10 analysts covering Aspen Technology (NASDAQ:AZPN), 3 have Buy rating, 2 Sell and 5 Hold. Therefore 30% are positive. Aspen Technology has $88.0 highest and $28 lowest target. $60.45’s average target is -18.67% below currents $74.33 stock price. Aspen Technology had 26 analyst reports since August 14, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Friday, August 12 by Avondale. The firm has “Market Perform” rating given on Tuesday, February 9 by Avondale. KeyBanc Capital Markets maintained Aspen Technology, Inc. (NASDAQ:AZPN) on Monday, January 8 with “Buy” rating. The firm has “Buy” rating given on Saturday, August 15 by TheStreet. The stock of Aspen Technology, Inc. (NASDAQ:AZPN) earned “Hold” rating by Canaccord Genuity on Wednesday, January 24. Canaccord Genuity maintained it with “Hold” rating and $33 target in Friday, January 29 report. KeyBanc Capital Markets maintained it with “Buy” rating and $68.0 target in Monday, September 18 report. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, January 24 report. The firm has “Mkt Outperform” rating by Avondale given on Friday, January 27. The firm has “Buy” rating given on Wednesday, August 23 by Berenberg.

Aspen Technology, Inc., together with its subsidiaries, provides software and services in the United States, Europe, and internationally. The company has market cap of $5.35 billion. It operates through two divisions, Subscription and Software, and Services. It has a 33.97 P/E ratio. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

More recent Aspen Technology, Inc. (NASDAQ:AZPN) news were published by: Businesswire.com which released: “Aspen Technology Announces Date of Second-Quarter Fiscal 2018 Financial …” on January 10, 2018. Also Businesswire.com published the news titled: “Aspen Technology Announces Financial Results for the Second Quarter of Fiscal 2018” on January 24, 2018. Streetinsider.com‘s news article titled: “Aspen Technology (AZPN) Acquires Apex Optimisation” with publication date: February 05, 2018 was also an interesting one.

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