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 Q4 2018. Its down 0.08, from 0.87 in 2018Q3. It is 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.

36,285 were reported by Morgan Stanley. Foundry Prns Ltd Liability Corporation accumulated 20,611 shares. Nicholas Invest Partners L P has invested 0.73% in Aspen Technology, Inc. (NASDAQ:AZPN). Moreover, First Trust Advsr L P has 0.03% invested in Aspen Technology, Inc. (NASDAQ:AZPN). 10,021 were accumulated by Hrt Financial Limited Liability Corporation. Kornitzer Cap Mngmt Ks holds 200,972 shares. Panagora Asset Management holds 0.04% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN) for 111,175 shares. Colony Group Inc, Massachusetts-based fund reported 29,767 shares. Utd Svcs Automobile Association owns 10,909 shares for 0% of their portfolio. Moreover, Torray Lc has 0.18% invested in Aspen Technology, Inc. (NASDAQ:AZPN). Gsa Ltd Liability Partnership invested in 25,251 shares. Kbc Group Nv, Belgium-based fund reported 15,042 shares. Howland Capital Mngmt Limited Liability Company has invested 1.07% in Aspen Technology, Inc. (NASDAQ:AZPN). Pacific Invest Mngmt has invested 0.08% of its portfolio in Aspen Technology, Inc. (NASDAQ:AZPN). 900 are owned by Qs Invsts Ltd Liability Com.

Aspen Tech (NASDAQ:AZPN) Rating Reaffirmed

Recently, In a note issued to clients on 8 May, Aspen Tech (NASDAQ:AZPN) shares have had their Buy Rating kept by expert analysts at The Benchmark Company, who currently has a $133 TP on firm. This target by The Benchmark Company would suggest the possibile upside of 12.90 % from the close 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. Benchmark maintained Aspen Technology, Inc. (NASDAQ:AZPN) rating on Thursday, March 14. Benchmark has “Buy” rating and $113 target. Benchmark upgraded Aspen Technology, Inc. (NASDAQ:AZPN) on Friday, January 4 to “Buy” rating. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Wednesday, April 10. The firm has “Buy” rating given on Wednesday, November 28 by Canaccord Genuity.

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 $70.34M 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: Nasdaq.com which released: “Aspen Technology (AZPN) Beats on Q3 Earnings & Revenues – Nasdaq” on April 25, 2019, also Nasdaq.com with their article: “Aspen Technology (AZPN) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release – Nasdaq” published on April 17, 2019, Finance.Yahoo.com published: “Announcing: Aspen Technology (NASDAQ:AZPN) Stock Increased An Energizing 198% In The Last Three Years – Yahoo Finance” on April 25, 2019. More interesting news about Aspen Technology, Inc. (NASDAQ:AZPN) were released by: Livetradingnews.com and their article: “The Street’s Key Stock Analysts Research Reports – Live Trading News” published on April 26, 2019 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Amex, Chipotle, CyberArk, Facebook, Lululemon, Microsoft, Nokia, Sirius, Tesla, Wynn and More – 24/7 Wall St.” with publication date: April 25, 2019.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.