Nicholas Investment Partners Lp buys $9,721,031 stake in Aspen Technology (AZPN)

Aspen Technology (AZPN) : Nicholas Investment Partners Lp scooped up 67,888 additional shares in Aspen Technology during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 213,696 shares of Aspen Technology which is valued at $9,721,031.Aspen Technology makes up approximately 0.84% of Nicholas Investment Partners Lp’s portfolio.

Other Hedge Funds, Including , Zebra Capital Management boosted its stake in AZPN in the latest quarter, The investment management firm added 2,019 additional shares and now holds a total of 18,936 shares of Aspen Technology which is valued at $861,399. Aspen Technology makes up approx 0.29% of Zebra Capital Management’s portfolio.Vanguard Group Inc reduced its stake in AZPN by selling 118,682 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 7,917,343 shares of AZPN which is valued at $360,159,933. Aspen Technology makes up approx 0.02% of Vanguard Group Inc’s portfolio. First Trust Advisors Lp sold out all of its stake in AZPN during the most recent quarter. The investment firm sold 18,579 shares of AZPN which is valued $780,875.Wedge Capital Management L L Pnc reduced its stake in AZPN by selling 2,807 shares or 16.07% in the most recent quarter. The Hedge Fund company now holds 14,658 shares of AZPN which is valued at $614,024. Aspen Technology makes up approx 0.01% of Wedge Capital Management L L Pnc’s portfolio.

Aspen Technology opened for trading at $45.12 and hit $45.7 on the upside on Monday, eventually ending the session at $45.51, with a gain of 0.98% or 0.44 points. The heightened volatility saw the trading volume jump to 8,61,103 shares. Company has a market cap of $3,629 M.

On the company’s financial health, Aspen Technology reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.39. The company had revenue of $113.68 million for the quarter, compared to analysts expectations of $112.95 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on Aspen Technology. Aspen Technology was Downgraded by Avondale to ” Mkt Underperform” on Aug 12, 2016.

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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