Aspen Technology Inc (NASDAQ:AZPN) Institutional Investors Sentiment Crashes in Q2 2018

October 2, 2018 - By Peter Kolinski

Aspen Technology, Inc. (NASDAQ:AZPN) Logo

Sentiment for Aspen Technology Inc (NASDAQ:AZPN)

Aspen Technology Inc (NASDAQ:AZPN) institutional sentiment decreased to 0.88 in Q2 2018. Its down -0.12, from 1 in 2018Q1. The ratio fall, as 114 investment managers opened new and increased holdings, while 129 sold and reduced their positions in Aspen Technology Inc. The investment managers in our partner’s database now possess: 66.22 million shares, down from 70.14 million shares in 2018Q1. Also, the number of investment managers holding Aspen Technology Inc in their top 10 holdings increased from 2 to 3 for an increase of 1. Sold All: 26 Reduced: 103 Increased: 69 New Position: 45.

Aspen Technology, Inc., together with its subsidiaries, provides software and services in the United States, Europe, and internationally. The company has market cap of $7.98 billion. It operates through two divisions, Subscription and Software, and Services. It has a 54.91 P/E ratio. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

The stock decreased 0.98% or $1.1071 during the last trading session, reaching $112.0229. About 24,514 shares traded. Aspen Technology, Inc. (NASDAQ:AZPN) has risen 81.68% since October 2, 2017 and is uptrending. It has outperformed by 66.06% the S&P500.

Analysts await Aspen Technology, Inc. (NASDAQ:AZPN) to report earnings on October, 25. They expect $0.44 EPS, down 6.38 % or $0.03 from last year’s $0.47 per share. AZPN’s profit will be $31.32 million for 63.65 P/E if the $0.44 EPS becomes a reality. After $0.53 actual EPS reported by Aspen Technology, Inc. for the previous quarter, Wall Street now forecasts -16.98 % negative EPS growth.

Two Creeks Capital Management Lp holds 3.86% of its portfolio in Aspen Technology, Inc. for 803,082 shares. Kayne Anderson Rudnick Investment Management Llc owns 5.33 million shares or 3.17% of their US portfolio. Moreover, Stephens Investment Management Group Llc has 1.53% invested in the company for 810,295 shares. The Massachusetts-based Wilkins Investment Counsel Inc has invested 1.39% in the stock. Howland Capital Management Llc, a Massachusetts-based fund reported 167,122 shares.

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

Ratings analysis reveals 50% of Aspen Technology’s analysts are positive. Out of 4 Wall Street analysts rating Aspen Technology, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $80 while the high is $114. The stock’s average target of $108 is -3.59% below today’s ($112.0229) share price. AZPN was included in 8 notes of analysts from April 9, 2018. Robert W. Baird upgraded the shares of AZPN in report on Monday, April 9 to “Outperform” rating. KeyBanc Capital Markets maintained Aspen Technology, Inc. (NASDAQ:AZPN) rating on Thursday, August 9. KeyBanc Capital Markets has “Overweight” rating and $112 target. The firm earned “Neutral” rating on Friday, August 10 by Wedbush. Canaccord Genuity maintained the shares of AZPN in report on Wednesday, April 25 with “Hold” rating. The stock of Aspen Technology, Inc. (NASDAQ:AZPN) earned “Neutral” rating by Wedbush on Thursday, April 26. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Thursday, April 26. Canaccord Genuity maintained Aspen Technology, Inc. (NASDAQ:AZPN) on Friday, August 17 with “Hold” rating. The firm has “Outperform” rating given on Thursday, August 9 by Robert W. Baird.

Another recent and important Aspen Technology, Inc. (NASDAQ:AZPN) news was published by Nasdaq.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Aspen Technology, One Liberty Properties, JC …” on September 04, 2018.

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

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