Fintel reports that on May 17, 2024, Berenberg upgraded their outlook for Aspen Technology (NasdaqGS:AZPN) from Hold to Buy.
Analyst Price Forecast Suggests 3.90% Upside
As of May 8, 2024, the average one-year price target for Aspen Technology is 222.22. The forecasts range from a low of 186.85 to a high of $267.75. The average price target represents an increase of 3.90% from its latest reported closing price of 213.88.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Aspen Technology is 1,331MM, an increase of 20.43%. The projected annual non-GAAP EPS is 7.83.
What is the Fund Sentiment?
There are 770 funds or institutions reporting positions in Aspen Technology. This is an increase of 767 owner(s) or 25,566.67% in the last quarter. Average portfolio weight of all funds dedicated to AZPN is 0.21%, an increase of 8,304.05%. Total shares owned by institutions increased in the last three months by 2,583,570.82% to 33,820K shares. 
The put/call ratio of AZPN is 1.68, indicating a bearish outlook.
What are Other Shareholders Doing?
Kayne Anderson Rudnick Investment Management holds 4,025K shares representing 6.36% ownership of the company. In its prior filing, the firm reported owning 3,797K shares , representing an increase of 5.66%. The firm decreased its portfolio allocation in AZPN by 33.60% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 909K shares representing 1.44% ownership of the company. In its prior filing, the firm reported owning 910K shares , representing a decrease of 0.11%. The firm decreased its portfolio allocation in AZPN by 3.79% over the last quarter.
Nordea Investment Management Ab holds 904K shares representing 1.43% ownership of the company. In its prior filing, the firm reported owning 985K shares , representing a decrease of 8.95%. The firm decreased its portfolio allocation in AZPN by 18.67% over the last quarter.
Neuberger Berman Group holds 882K shares representing 1.39% ownership of the company. In its prior filing, the firm reported owning 879K shares , representing an increase of 0.42%. The firm decreased its portfolio allocation in AZPN by 53.20% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 851K shares representing 1.34% ownership of the company. In its prior filing, the firm reported owning 886K shares , representing a decrease of 4.20%. The firm decreased its portfolio allocation in AZPN by 4.41% over the last quarter.
Aspen Technology Background Information
(This description is provided by the company.)
Aspen Technology, Inc. develops software for asset performance, monitoring management and optimization solutions.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
