The Benchmark Company Has Just Reaffirmed $133 Target Price Per Share on Aspen Tech (NASDAQ:AZPN) stock, While They’ve Also Reiterated Their Buy Rating

Aspen Technology, Inc. (NASDAQ:AZPN) Logo

Investors sentiment decreased to 0.79 in 2018 Q4. Its down 0.08, from 0.87 in 2018Q3. It turned negative, as 42 investors sold Aspen Technology, Inc. shares while 103 reduced holdings. 34 funds opened positions while 80 raised stakes. 64.13 million shares or 1.57% less from 65.16 million shares in 2018Q3 were reported.

Valley National Advisers reported 23 shares stake. Robeco Institutional Asset Mngmt Bv holds 0.02% or 56,486 shares. Ameriprise Finance has 0.03% invested in Aspen Technology, Inc. (NASDAQ:AZPN) for 637,011 shares. Whittier Tru invested in 0.06% or 19,763 shares. 885 are owned by First Hawaiian Bancorp. Massachusetts Fincl Ma holds 0% or 31,445 shares in its portfolio. Wells Fargo Mn stated it has 1.20M shares. Artemis Management Llp holds 0.06% or 56,451 shares in its portfolio. Clearbridge Investments Limited accumulated 1.73M shares or 0.14% of the stock. 6.93 million were reported by Vanguard Grp Incorporated. Tiedemann Advisors Ltd Co has 0.01% invested in Aspen Technology, Inc. (NASDAQ:AZPN) for 2,900 shares. D E Shaw & holds 0.02% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN) for 191,732 shares. Bamco New York invested 0.46% in Aspen Technology, Inc. (NASDAQ:AZPN). Arrowstreet Capital Partnership stated it has 115,720 shares or 0.02% of all its holdings. Citadel Advsr Ltd Liability Co holds 0.04% in Aspen Technology, Inc. (NASDAQ:AZPN) or 863,133 shares.

Aspen Tech (NASDAQ:AZPN) Rating Reaffirmed

New York: In a research report made public on Wednesday, 8 May, The Benchmark Company reaffirmed their Buy rating on Aspen Tech (NASDAQ:AZPN) shares. They now have a $133 TP on the firm. The Benchmark Company’s target gives a potential upside of 12.90 % from the company’s last stock price.

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

Among 3 analysts covering Aspen Technology (NASDAQ:AZPN), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Aspen Technology has $120 highest and $100 lowest target. $111’s average target is -5.77% below currents $117.8 stock price. Aspen Technology had 7 analyst reports since November 28, 2018 according to SRatingsIntel. The company was maintained on Thursday, March 14 by Benchmark. KeyBanc Capital Markets maintained Aspen Technology, Inc. (NASDAQ:AZPN) rating on Wednesday, April 10. KeyBanc Capital Markets has “Overweight” rating and $120 target. The stock has “Buy” rating by Benchmark on Friday, January 4. Canaccord Genuity upgraded the shares of AZPN in report on Wednesday, November 28 to “Buy” rating.

The stock increased 1.26% or $1.47 during the last trading session, reaching $117.8. About 184,926 shares traded. Aspen Technology, Inc. (NASDAQ:AZPN) has risen 30.16% since May 8, 2018 and is uptrending. It has outperformed by 25.79% the S&P500.

Analysts await Aspen Technology, Inc. (NASDAQ:AZPN) to report earnings on August, 14. They expect $1.02 earnings per share, up 92.45 % or $0.49 from last year’s $0.53 per share. AZPN’s profit will be $70.34 million for 28.87 P/E if the $1.02 EPS becomes a reality. After $0.89 actual earnings per share reported by Aspen Technology, Inc. for the previous quarter, Wall Street now forecasts 14.61 % EPS growth.

Aspen Technology, Inc., together with its subsidiaries, provides software and services in the United States, Europe, and internationally. The company has market cap of $8.12 billion. It operates through two divisions, Subscription and Software, and Services. It has a 93.27 P/E ratio. It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.

More notable recent Aspen Technology, Inc. (NASDAQ:AZPN) news were published by: Seekingalpha.com which released: “Aspen Technology Building Up Portfolio – Seeking Alpha” on August 23, 2018, also Seekingalpha.com with their article: “Aspen Technology (AZPN) Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” published on August 08, 2018, Nasdaq.com published: “Aspen Technology (AZPN) Beats on Q3 Earnings & Revenues – Nasdaq” on April 25, 2019. More interesting news about Aspen Technology, Inc. (NASDAQ:AZPN) were released by: Nasdaq.com and their article: “Why Aspen Technology (AZPN) Could Beat Earnings Estimates Again – Nasdaq” published on April 11, 2019 as well as Seekingalpha.com‘s news article titled: “Notable earnings after Wednesday’s close – Seeking Alpha” with publication date: April 23, 2019.

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

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