Aspen TechnologyAZPN
Market Cap: $14.2B
About: Aspen Technology is a global leader in asset optimization software, enabling customers within capital-intensive industries to design, operate and maintain their functions to meet their profitability, safety, and sustainability goals. The heritage business of AspenTech was founded in 1981 and provides software solutions purposed to optimize engineering, manufacturing, and supply chain and asset management functions. In 2021, Emerson Electric traded over $6 billion in cash and its Open Systems International (digital grid management) and subsurface science and engineering businesses for 55% of AspenTech's shares. The new AspenTech is the combination of heritage Aspen, OSI, and SSE and serves more than 3,000 customers across 40 countries.
Employees: 3,937
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
144% more call options, than puts
Call options by funds: $14.2M | Put options by funds: $5.84M
14% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 49
11% more repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 132
2% more funds holding
Funds holding: 382 [Q1] → 389 (+7) [Q2]
1.08% more ownership
Funds ownership: 45.04% [Q1] → 46.13% (+1.08%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]
5% less capital invested
Capital invested by funds: $6.1B [Q1] → $5.8B (-$300M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Baird Rob Oliver 51% 1-year accuracy 19 / 37 met price target | 11%upside $250 | Outperform Maintained | 7 Aug 2024 |
Baird Rob Oliver 51% 1-year accuracy 19 / 37 met price target | 2%upside $230 | Outperform Reiterated | 14 Jun 2024 |
Financial journalist opinion
Based on 8 articles about AZPN published over the past 30 days