Aspen Technology (AZPN) Shares are Up 8.23%

Aspen Technology (AZPN) : Traders are bullish on Aspen Technology (AZPN) as it has outperformed the S&P 500 by a wide margin of 5.82% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.17%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.23% in the last 1 week, and is up 6.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.84% and the 50-Day Moving Average is 11.47%. Aspen Technology (NASDAQ:AZPN): stock turned positive on Friday. Though the stock opened at $41.5, the bulls momentum made the stock top out at $45.87 level for the day. The stock recorded a low of $41.3 and closed the trading day at $45.49, in the green by 5.99%. The total traded volume for the day was 1,624,811. The stock had closed at $42.92 in the previous days trading.


The company Insiders own 0.5% of Aspen Technology shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.67% . During last six month period, the net percent change held by insiders has seen a change of -4.67%. Also, Avondale Partners downgrades its view on Aspen Technology (NASDAQ:AZPN) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. Earlier, the shares had a rating of Market Perform. The rating by the firm was issued on August 12, 2016.

Aspen Technology, Inc. is a global provider of process optimization software solutions, which are designed to manage and optimize plant and process design, operational performance and supply chain planning. The Companys aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, and engineering and construction industries. The Company has developed its applications to design and optimize processes across three principal business areas: engineering, manufacturing and supply chain. The Company has three operating segments: license; software maintenance and support (SMS), training and other, and professional services. The Company provides integrated process optimization software solutions designed and developed specifically for the process industries.

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