Fintel reports that on February 10, 2025, Loop Capital upgraded their outlook for Aspen Technology (NasdaqGS:AZPN) from Hold to Buy.
Analyst Price Forecast Suggests 3.63% Downside
As of January 28, 2025, the average one-year price target for Aspen Technology is $264.81/share. The forecasts range from a low of $241.96 to a high of $291.67. The average price target represents a decrease of 3.63% from its latest reported closing price of $274.80 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Aspen Technology is 1,587MM, an increase of 39.16%. The projected annual non-GAAP EPS is 10.76.
What is the Fund Sentiment?
There are 842 funds or institutions reporting positions in Aspen Technology. This is an increase of 36 owner(s) or 4.47% in the last quarter. Average portfolio weight of all funds dedicated to AZPN is -16.72%, an increase of 8,433.41%. Total shares owned by institutions increased in the last three months by 1.73% to 35,671K shares. 
The put/call ratio of AZPN is 0.25, indicating a bullish outlook.
What are Other Shareholders Doing?
Kayne Anderson Rudnick Investment Management holds 4,159K shares representing 6.57% ownership of the company. In its prior filing, the firm reported owning 4,090K shares , representing an increase of 1.64%. The firm decreased its portfolio allocation in AZPN by 22.15% over the last quarter.
First Manhattan holds 894K shares representing 1.41% ownership of the company. In its prior filing, the firm reported owning 871K shares , representing an increase of 2.54%. The firm increased its portfolio allocation in AZPN by 14.07% over the last quarter.
Nordea Investment Management Ab holds 882K shares representing 1.39% ownership of the company. In its prior filing, the firm reported owning 917K shares , representing a decrease of 3.96%. The firm decreased its portfolio allocation in AZPN by 64.78% over the last quarter.
Neuberger Berman Group holds 879K shares representing 1.39% ownership of the company. In its prior filing, the firm reported owning 873K shares , representing an increase of 0.73%. The firm increased its portfolio allocation in AZPN by 15.01% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 831K shares representing 1.31% ownership of the company. In its prior filing, the firm reported owning 867K shares , representing a decrease of 4.36%. The firm increased its portfolio allocation in AZPN by 5.22% 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.
