Shares of Aspen Technology (NASDAQ:AZPN) Sees Large Outflow of Money

Aspen Technology (NASDAQ:AZPN) managed to eke out gains of 0.18% in intraday trade. The share price increased by 0.07 points to $39.85. Till last observation, the net money flow was recorded at a negative $(-0.3) million. The total inflow of $0.05 million in upticks was completely overshadowed by an outflow of $0.35 million in downticks, giving the up/down ratio a value of 0.15. The shares have seen a change of 1.94% in the past week.


The stock has recorded a 20-day Moving Average of 2.43% and the 50-Day Moving Average is 5.49%. The company shares have dropped 14.27% in the past 52 Weeks. On June 26, 2015 The shares registered one year high of $46.76 and one year low was seen on February 10, 2016 at $29.25. The 50-day moving average is $38.22 and the 200 day moving average is recorded at $36.11. S&P 500 has rallied 1.93% during the last 52-weeks.

Aspen Technology (NASDAQ:AZPN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.69 and $39.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.83, notching a gain of 0.13% for the day. The total traded volume was 350,659 . The stock had closed at $39.78 on the previous day.

Currently the company Insiders own 0.5% of Aspen Technology shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.67% . During last six month period, the net percent change held by insiders has seen a change of -4.67%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President & CEO) of Aspen Technology Inc /De/, Pietri Antonio J had sold 4,500 shares worth of $176,445 in a transaction dated June 6, 2016. In this transaction, 4,500 shares were sold at $39.21 per share.

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 Companys 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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