Aspen Technology (AZPN) : Howard Hughes Medical Institute scooped up 4,119 additional shares in Aspen Technology during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 61,271 shares of Aspen Technology which is valued at $2,532,943.Aspen Technology makes up approximately 0.81% of Howard Hughes Medical Institute’s portfolio.
Other Hedge Funds, Including , Ngam Advisors added AZPN to its portfolio by purchasing 12,713 company shares during the most recent quarter which is valued at $525,555. Aspen Technology makes up approx 0.01% of Ngam Advisors’s portfolio.Nordea Investment Management Ab boosted its stake in AZPN in the latest quarter, The investment management firm added 11,568 additional shares and now holds a total of 15,872 shares of Aspen Technology which is valued at $672,020.Mazama Capital Management Inc boosted its stake in AZPN in the latest quarter, The investment management firm added 237 additional shares and now holds a total of 13,142 shares of Aspen Technology which is valued at $543,553. Aspen Technology makes up approx 0.11% of Mazama Capital Management Inc’s portfolio.
Aspen Technology opened for trading at $42.14 and hit $42.87 on the upside on Monday, eventually ending the session at $42.86, with a gain of 1.97% or 0.83 points. The heightened volatility saw the trading volume jump to 5,49,897 shares. Company has a market cap of $3,509 M.
On the company’s financial health, Aspen Technology reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.40. The company had revenue of $119.21 million for the quarter, compared to analysts expectations of $116.74 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
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.