Waddell & Reed Financial Inc Acquired Stake in Aspen Technology Inc

February 15, 2018 - By Louis Casey

 Waddell & Reed Financial Inc Acquired Stake in Aspen Technology Inc

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 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.

Schwab Charles Investment Mgmt accumulated 523,050 shares or 0.03% of the stock. Dimensional Fund Advsrs L P has invested 0.02% in Aspen Technology, Inc. (NASDAQ:AZPN). Bamco accumulated 0.26% or 885,900 shares. The Massachusetts-based State Street Corporation has invested 0.01% in Aspen Technology, Inc. (NASDAQ:AZPN). Martingale Asset Mngmt Limited Partnership holds 0.1% or 118,621 shares in its portfolio. Aqr Capital Mngmt Ltd Liability Corporation has invested 0.01% in Aspen Technology, Inc. (NASDAQ:AZPN). Scout Invests Inc holds 0.17% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN) for 98,130 shares. Piedmont Inv Lc holds 0.04% or 26,573 shares. Royal Savings Bank Of Canada holds 0.01% or 247,558 shares. Barclays Public Ltd Co accumulated 6,858 shares. Axa has invested 0% in Aspen Technology, Inc. (NASDAQ:AZPN). Quantitative Investment Mngmt Ltd Liability Corporation has 0.03% invested in Aspen Technology, Inc. (NASDAQ:AZPN). Moreover, M&T Financial Bank has 0% invested in Aspen Technology, Inc. (NASDAQ:AZPN). Tower Cap Limited (Trc) accumulated 8,367 shares. Strategic Glob Advsrs Ltd Liability Co has invested 0.32% in Aspen Technology, Inc. (NASDAQ:AZPN).

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. As per Tuesday, February 9, the company rating was initiated by Avondale. Canaccord Genuity maintained Aspen Technology, Inc. (NASDAQ:AZPN) rating on Friday, October 27. Canaccord Genuity has “Hold” rating and $63 target. The stock of Aspen Technology, Inc. (NASDAQ:AZPN) earned “Hold” rating by Canaccord Genuity on Wednesday, January 24. KeyBanc Capital Markets maintained Aspen Technology, Inc. (NASDAQ:AZPN) rating on Wednesday, January 24. KeyBanc Capital Markets has “Buy” rating and $88.0 target. JP Morgan reinitiated Aspen Technology, Inc. (NASDAQ:AZPN) on Friday, April 29 with “Underweight” rating. The stock of Aspen Technology, Inc. (NASDAQ:AZPN) has “Hold” rating given on Friday, August 11 by Canaccord Genuity. The firm has “Buy” rating given on Monday, September 18 by KeyBanc Capital Markets. Robert W. Baird maintained Aspen Technology, Inc. (NASDAQ:AZPN) rating on Thursday, October 26. Robert W. Baird has “Hold” rating and $68.0 target. The firm earned “Hold” rating on Thursday, January 25 by Wedbush. On Friday, June 9 the stock rating was maintained by Canaccord Genuity with “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 Nasdaq.com published the news titled: “AZPN Crosses Above Average Analyst Target” on February 15, 2018. Businesswire.com‘s news article titled: “Aspen Technology Announces Financial Results for the Second Quarter of Fiscal 2018” with publication date: January 24, 2018 was also an interesting one.

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