Analysts See $0.50 EPS for Aspen Technology, Inc. (AZPN)

July 21, 2018 - By Nadine Davis

Aspen Technology, Inc. (NASDAQ:AZPN) LogoInvestors sentiment increased to 1 in Q1 2018. Its up 0.22, from 0.78 in 2017Q4. It is positive, as 24 investors sold Aspen Technology, Inc. shares while 86 reduced holdings. 38 funds opened positions while 72 raised stakes. 70.14 million shares or 0.75% less from 70.67 million shares in 2017Q4 were reported.
Whittier Company stated it has 0.04% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN). Great West Life Assurance Can invested in 0% or 8,803 shares. First Midwest Bancshares Trust Division holds 0.08% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN) for 7,167 shares. Ellington Limited Liability Com holds 0.02% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN) for 4,200 shares. Moreover, Peak6 Invests Lp has 0% invested in Aspen Technology, Inc. (NASDAQ:AZPN). Canada Pension Plan Invest Board invested in 0% or 17,000 shares. Hl Fincl, a Kentucky-based fund reported 3,874 shares. Neuberger Berman Grp Lc has invested 0.34% in Aspen Technology, Inc. (NASDAQ:AZPN). Lord Abbett Ltd Com invested in 0.06% or 241,320 shares. Principal Group Incorporated holds 0.03% or 394,553 shares in its portfolio. Schwab Charles Mngmt holds 0.04% or 574,531 shares in its portfolio. Nuveen Asset Management Ltd Limited Liability Company holds 18,854 shares or 0.01% of its portfolio. Nicholas Investment Lp holds 0.34% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN) for 59,651 shares. Secor Capital Advisors L P, a New York-based fund reported 42,749 shares. Provident Inv Mgmt holds 0.17% or 13,500 shares.

Analysts expect Aspen Technology, Inc. (NASDAQ:AZPN) to report $0.50 EPS on August, 9.They anticipate $0.23 EPS change or 31.51 % from last quarter’s $0.73 EPS. AZPN’s profit would be $35.71 million giving it 49.43 P/E if the $0.50 EPS is correct. After having $0.52 EPS previously, Aspen Technology, Inc.’s analysts see -3.85 % EPS growth. The stock decreased 0.12% or $0.12 during the last trading session, reaching $98.85. About 178,017 shares traded. Aspen Technology, Inc. (NASDAQ:AZPN) has risen 54.64% since July 21, 2017 and is uptrending. It has outperformed by 42.07% the S&P500.

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

Among 4 analysts covering Aspen Technology (NASDAQ:AZPN), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Aspen Technology had 8 analyst reports since January 24, 2018 according to SRatingsIntel. On Wednesday, January 24 the stock rating was maintained by Canaccord Genuity with “Hold”. The rating was maintained by Wedbush on Thursday, January 25 with “Hold”. KeyBanc Capital Markets maintained Aspen Technology, Inc. (NASDAQ:AZPN) on Thursday, April 26 with “Overweight” rating. As per Wednesday, April 25, the company rating was maintained by Canaccord Genuity. The stock of Aspen Technology, Inc. (NASDAQ:AZPN) has “Buy” rating given on Wednesday, January 24 by KeyBanc Capital Markets. The firm earned “Neutral” rating on Thursday, April 26 by Wedbush. Robert W. Baird upgraded it to “Outperform” rating and $90 target in Monday, April 9 report. The rating was maintained by Robert W. Baird on Wednesday, January 24 with “Hold”.

Aspen Technology, Inc., together with its subsidiaries, provides software and services in the United States, Europe, and internationally. The company has market cap of $7.06 billion. It operates through two divisions, Subscription and Software, and Services. It has a 44.11 P/E ratio. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

More news for Aspen Technology, Inc. (NASDAQ:AZPN) were recently published by: Seekingalpha.com, which released: “Tracking Ken Fisher’s Fisher Asset Management Portfolio – Q2 2018 Update” on July 18, 2018. Prnewswire.com‘s article titled: “MESH Technology Innovation Key for Future Growth for Trillion Dollar Internet of Things (IoT) Market” and published on July 19, 2018 is yet another important article.

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

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