Aspen Technology (AZPN) : Kayne Anderson Rudnick Investment Management scooped up 233,394 additional shares in Aspen Technology during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 3,027,366 shares of Aspen Technology which is valued at $129,752,907.Aspen Technology makes up approximately 1.91% of Kayne Anderson Rudnick Investment Management’s portfolio.
Other Hedge Funds, Including , Wesbanco Bank Inc boosted its stake in AZPN in the latest quarter, The investment management firm added 3,007 additional shares and now holds a total of 9,103 shares of Aspen Technology which is valued at $390,701. Aspen Technology makes up approx 0.02% of Wesbanco Bank Inc’s portfolio. Gsa Capital Partners Llp sold out all of its stake in AZPN during the most recent quarter. The investment firm sold 23,786 shares of AZPN which is valued $999,726.Clarivest Asset Management boosted its stake in AZPN in the latest quarter, The investment management firm added 5,500 additional shares and now holds a total of 41,141 shares of Aspen Technology which is valued at $1,723,396. Aspen Technology makes up approx 0.05% of Clarivest Asset Management’s portfolio.Boston Advisors reduced its stake in AZPN by selling 1,560 shares or 7.34% in the most recent quarter. The Hedge Fund company now holds 19,695 shares of AZPN which is valued at $826,796. Aspen Technology makes up approx 0.02% of Boston Advisors’s portfolio. Contravisory Investment Management sold out all of its stake in AZPN during the most recent quarter. The investment firm sold 3,810 shares of AZPN which is valued $161,963.
Aspen Technology closed down -0.3 points or -0.66% at $45 with 12,42,855 shares getting traded on Wednesday. Post opening the session at $45.3, the shares hit an intraday low of $44.55 and an intraday high of $45.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Aspen Technology reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.39. The company had revenue of $113.68 million for the quarter, compared to analysts expectations of $112.95 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on Aspen Technology. Aspen Technology was Downgraded by Avondale to ” Mkt Underperform” on Aug 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 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. 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.