Aspen Technology Inc Has Bullish Trade, Waddell & Reed Financial Inc Bought Stake!

February 15, 2018 - By Michael Collier

 Aspen Technology Inc  Has Bullish Trade, Waddell & Reed Financial Inc Bought Stake!

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.

Citadel Advsr holds 0.04% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN) for 731,894 shares. Eagle Boston Invest Mgmt Incorporated owns 121,980 shares. Bluemountain Cap owns 29,259 shares. Art Advsrs Ltd reported 0.05% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN). Koch Industry has 11,675 shares. Balyasny Asset Limited Liability accumulated 130,420 shares. Quantbot L P, New York-based fund reported 18,781 shares. Rothschild Asset Mgmt accumulated 297,330 shares. The North Carolina-based Atria Investments Limited Liability has invested 0.01% in Aspen Technology, Inc. (NASDAQ:AZPN). Citigroup Incorporated has invested 0% in Aspen Technology, Inc. (NASDAQ:AZPN). Sei Invests holds 161,335 shares or 0.04% of its portfolio. 118,621 were accumulated by Martingale Asset Mgmt Lp. Northwestern Mutual Wealth Mgmt reported 199 shares stake. Neuberger Berman Gru Limited Company invested in 0.26% or 3.37 million shares. Ubs Asset Mngmt Americas holds 0.01% or 97,792 shares.

The New Waddell & Reed Financial Inc Holding in Aspen Technology Inc

Waddell & Reed Financial Inc reported SC 13G/A form with the SEC for Aspen Technology Inc . Access it here: 000119312518045562. As reported by Waddell & Reed Financial Inc, the filler owns 6.5% or 4,748,990 shares of the Information Technology–company.

Aspen Technology Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Waddell & Reed Financial Inc’s positive view for Aspen Technology Inc . For a institutional investor managing $14.31 billion in assets and having 1500+ experts this is interesting position.

Aspen Technology Inc Institutional Sentiment

Filings show 228 investors own Aspen Technology Inc . The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 13303739. 99810131 were owned by these investors. 24 funds opened new Aspen Technology Inc stakes, 89 increased positions. There were 41 that closed positions and 89 reduced them.

7 investors had the stock in their top 10. Some are: Kayne Anderson Rudnick Investment Management Llc, Two Creeks Capital Management Lp..

Eagle Boston Investment Management Inc is an investor bullish on Aspen Technology Inc , owning 329064 shares as of Q3 2015 for 1.67% of its portfolio. John Overdeck And David Siegel Two Creeks Capital Management Lp owns 718746 shares or 2.76% of its portfolio. NY Marble Arch Investments Lp have 7.20% of its portfolio for 2467939 shares. Further, Bogle Investment Management Lp reported stake worth 0.95% of its portfolio. The FL Rgm Capital Llc owns 1757303 shares. Aspen Technology Inc is 8.89% of its portfolio.

Business Profile

Aspen Technology, Inc. is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries. It operates through two segments, including subscription and software, which provides licensing of process optimization software solutions and associated support services, and services, which includes professional services and training. It has developed applications to design and optimize processes across the business areas, including engineering, manufacturing and supply chain. Its products include Aspen HYSYS, Aspen Economic Evaluation, Aspen Info Plus.21, Aspen PIMS Advanced Optimization, Aspen Collaborative Demand Manager and Aspen Supply Planner.

SEC Form 13G.

Waddell & Reed Financial Inc website.

The stock increased 1.73% or $1.3 during the last trading session, reaching $76.55. About 222,041 shares traded. Aspen Technology, Inc. (NASDAQ:AZPN) has risen 59.88% since February 15, 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 $5.51 billion. It operates through two divisions, Subscription and Software, and Services. It has a 34.99 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) 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 -21.03% below currents $76.55 stock price. Aspen Technology had 26 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Hold” rating by Benchmark on Tuesday, April 26. The rating was maintained by Canaccord Genuity on Friday, October 27 with “Hold”. The stock of Aspen Technology, Inc. (NASDAQ:AZPN) has “Hold” rating given on Friday, August 11 by Canaccord Genuity. The rating was maintained by Robert W. Baird with “Hold” on Friday, October 6. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, January 8. The company was maintained on Friday, June 9 by Canaccord Genuity. Canaccord Genuity maintained Aspen Technology, Inc. (NASDAQ:AZPN) on Friday, January 29 with “Hold” rating. On Wednesday, August 23 the stock rating was initiated by Berenberg with “Buy”. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, September 18. The rating was downgraded by Benchmark on Wednesday, January 13 to “Hold”.

More recent Aspen Technology, Inc. (NASDAQ:AZPN) news were published by: Streetinsider.com which released: “Aspen Technology (AZPN) Acquires Apex Optimisation” on February 05, 2018. Also Businesswire.com published the news titled: “Aspen Technology Announces Financial Results for the Second Quarter of Fiscal 2018” on January 24, 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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