Trimtabs Asset Management Lowers stake in Aspen Technology (AZPN)

Aspen Technology (AZPN) : Trimtabs Asset Management reduced its stake in Aspen Technology by 10.41% during the most recent quarter end. The investment management company now holds a total of 37,828 shares of Aspen Technology which is valued at $1,563,810 after selling 4,394 shares in Aspen Technology , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Aspen Technology makes up approximately 0.97% of Trimtabs Asset Management’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in AZPN by selling 800 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 41,300 shares of AZPN which is valued at $1,733,774. Aspen Technology makes up approx 0.01% of Strs Ohio’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.Creative Planning reduced its stake in AZPN by selling 200 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 44,862 shares of AZPN which is valued at $1,907,084. Aspen Technology makes up approx 0.01% of Creative Planning’s portfolio.Fisher Asset Management reduced its stake in AZPN by selling 21,084 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 2,269,174 shares of AZPN which is valued at $96,462,587. Aspen Technology makes up approx 0.18% of Fisher Asset Management’s portfolio.

Aspen Technology opened for trading at $41.45 and hit $42.0199 on the upside on Thursday, eventually ending the session at $41.35, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 5,01,519 shares. Company has a market cap of $3,385 M.

On the company’s financial health, Aspen Technology reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.40. The company had revenue of $119.21 million for the quarter, compared to analysts expectations of $116.74 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

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.

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