Analysts take a look at Aspen Technology, Inc. (NASDAQ:AZPN) having this to say.

February 16, 2018 - By Vivian Park

 Analysts take a look at Aspen Technology, Inc. (NASDAQ:AZPN) having this to say.
Investors sentiment increased to 0.83 in Q3 2017. Its up 0.05, from 0.78 in 2017Q2. It increased, as 23 investors sold Aspen Technology, Inc. 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.
Vanguard Grp accumulated 7.27 million shares. Numeric Investors Limited Liability Company reported 0.1% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN). Principal Grp reported 504,228 shares or 0.03% of all its holdings. First Midwest Bancshares Division has 20,650 shares. Commercial Bank Of America De invested 0% in Aspen Technology, Inc. (NASDAQ:AZPN). The California-based Nicholas Investment Prtnrs Limited Partnership has invested 0.34% in Aspen Technology, Inc. (NASDAQ:AZPN). Fortaleza Asset reported 0.14% in Aspen Technology, Inc. (NASDAQ:AZPN). Whittier Tru Communication holds 1,104 shares. Robeco Institutional Asset Mgmt Bv stated it has 0.02% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN). Janney Montgomery Scott Limited Company reported 0.03% stake. Pacad Invest Limited owns 6,100 shares. 67,610 are owned by American Century Companies. 10,607 were accumulated by Menta Capital Lc. Schwab Charles Inv holds 523,050 shares. Dekabank Deutsche Girozentrale owns 0.04% invested in Aspen Technology, Inc. (NASDAQ:AZPN) for 77,219 shares.

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 had 26 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Aspen Technology, Inc. (NASDAQ:AZPN) has “Buy” rating given on Wednesday, January 24 by KeyBanc Capital Markets. The stock has “Buy” rating by KeyBanc Capital Markets on Monday, January 8. The stock has “Hold” rating by Benchmark on Wednesday, January 13. On Friday, January 27 the stock rating was upgraded by Avondale to “Mkt Outperform”. Robert W. Baird maintained Aspen Technology, Inc. (NASDAQ:AZPN) rating on Wednesday, January 24. Robert W. Baird has “Hold” rating and $77.0 target. Canaccord Genuity maintained Aspen Technology, Inc. (NASDAQ:AZPN) rating on Friday, October 27. Canaccord Genuity has “Hold” rating and $63 target. Canaccord Genuity maintained it with “Hold” rating and $73.0 target in Wednesday, January 24 report. The firm has “Buy” rating by Berenberg given on Wednesday, August 23. Avondale downgraded the stock to “Underperform” rating in Friday, August 12 report. The firm has “Hold” rating given on Friday, October 6 by Robert W. Baird. Below is a list of Aspen Technology, Inc. (NASDAQ:AZPN) latest ratings and price target changes.

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
26/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $68.0 Maintain

The stock decreased 0.56% or $0.43 during the last trading session, reaching $76.22. About 232,522 shares traded. Aspen Technology, Inc. (NASDAQ:AZPN) has risen 59.88% since February 16, 2017 and is uptrending. It has outperformed by 43.18% 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 $5.48 billion. It operates through two divisions, Subscription and Software, and Services. It has a 34.84 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 Financial Results for the Second Quarter of Fiscal 2018” on January 24, 2018. Also Streetinsider.com published the news titled: “Aspen Technology (AZPN) Acquires Apex Optimisation” on February 05, 2018. Nasdaq.com‘s news article titled: “AZPN Crosses Above Average Analyst Target” with publication date: February 15, 2018 was also an interesting one.

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