Provident Investment Management INC Decreased Aspen Technology INC (AZPN) Stake by $11.97 Million; Shares Rose

April 17, 2018 - By Michele Cranor

Aspen Technology, Inc. (NASDAQ:AZPN) Corporate LogoBig Money Sentiment decreased to 0.78 in Q4 2017. It has change of 0.05, from 2017Q3’s 0.83. The ratio is negative due to AZPN positioning: 24 sold and 103 reduced. 36 funds took stakes and 63 increased stakes. Investors holded 72.32 million in 2017Q3 but now own 70.67 million shares or 2.29% less. Legal & General Grp Inc Public Ltd Liability reported 37,366 shs. Kbc Gru Nv has invested 0.04% in Aspen Technology, Inc. (NASDAQ:AZPN). 42,673 were accumulated by Citigroup. Acadian Asset Mgmt Limited Com, Massachusetts-based fund reported 12,811 shs. Mawer Investment Management holds 325,738 shs or 0.18% of its capital. Clarivest Asset Ltd Limited Liability Company stated it has 0.03% in Aspen Technology, Inc. (NASDAQ:AZPN). Wellington Management Grp Llp reported 593,983 shs. Howe Rusling Inc, a New York-based fund reported 119 shs. Fdx Advsrs Inc, a California-based fund reported 4,419 shs. Hutchin Hill Capital Ltd Partnership reported 3,100 shs or 0.06% of all its holdings. D E Shaw holds 25,103 shs or 0% of its capital. Richard Bernstein Advsrs has 0.02% invested in Aspen Technology, Inc. (NASDAQ:AZPN) for 5,965 shs. Cipher Capital Limited Partnership has 0.04% invested in Aspen Technology, Inc. (NASDAQ:AZPN). 15,379 are held by Bnp Paribas Arbitrage Sa. Virginia Retirement Et Al invested in 144,200 shs or 0.11% of the stock.

Based on the latest 2017Q4 regulatory filing with the SEC, Provident Investment Management Inc reduced its stake in Aspen Technology Inc (AZPN) by 44.25%. The company’s stock popped up 19.88% while Provident Investment Management Inc sold 181,315 shares. The technology company reported $15.12 million value for the 2017Q4. Now the institutional investor is holding 228,465 shares, compared to the 409,780 from the previous quarter. Provident Investment Management Inc has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Analysts await Aspen Technology, Inc. (NASDAQ:AZPN) to report earnings on May, 1. They expect $0.47 EPS, 0.00 % or $0.00 from last year’s $0.47 per share. AZPN’s profit will be $33.81M for 45.50 P/E if the $0.47 EPS becomes a reality. After $0.52 actual EPS reported by Aspen Technology, Inc. for the previous quarter, Wall Street now forecasts -9.62 % negative EPS growth.

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

In total 6 analysts cover Aspen Technology (NASDAQ:AZPN). “Buy” rating has 2, “Sell” are 1, while 3 are “Hold”. 33% are bullish. 11 are the (NASDAQ:AZPN)’s analyst reports since October 26, 2017 according to StockzIntelligence Inc. On Wednesday, January 24 the rating was maintained by Robert W. Baird with “Hold”. The company rating was maintained by Wedbush on Thursday, January 25. In Thursday, October 26 report Robert W. Baird maintained the stock with “Hold” rating. In Wednesday, January 24 report KeyBanc Capital Markets maintained the stock with “Buy” rating. On Monday, April 9 the stock of Aspen Technology, Inc. (NASDAQ:AZPN) has “Outperform” rating given by Robert W. Baird. On Thursday, October 26 KeyBanc Capital Markets maintained Aspen Technology, Inc. (NASDAQ:AZPN) with “Buy” rating. On Wednesday, January 24 the company was maintained by Canaccord Genuity. On Friday, October 27 Canaccord Genuity maintained Aspen Technology, Inc. (NASDAQ:AZPN) with “Hold” rating. The company rating was maintained by KeyBanc Capital Markets on Monday, January 8.

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

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