Aberdeen Australia Equity Fund, Inc. (IAF) Forms $5.42 Double Bottom; Aspen Technology Has 1.14 Sentiment – The Broch Herald

Aspen Technology, Inc. (NASDAQ:AZPN) Logo

Aspen Technology Inc (AZPN) investors sentiment increased to 1.14 in Q3 2019. It’s up 0.05, from 1.09 in 2019Q2. The ratio has increased, as 138 investment managers opened new and increased stock positions, while 121 sold and decreased positions in Aspen Technology Inc. The investment managers in our database now hold: 63.21 million shares, up from 62.60 million shares in 2019Q2. Also, the number of investment managers holding Aspen Technology Inc in top ten stock positions decreased from 4 to 3 for a decrease of 1. Sold All: 26 Reduced: 95 Increased: 91 New Position: 47.

Aberdeen Australia Equity Fund, Inc. (IAF) formed double bottom with $5.20 target or 4.00% below today’s $5.42 share price. Aberdeen Australia Equity Fund, Inc. (IAF) has $124.00 million valuation. The stock increased 0.93% or $0.05 during the last trading session, reaching $5.42. About 34,823 shares traded. Aberdeen Australia Equity Fund, Inc. (NYSE:IAF) has risen 6.29% since December 15, 2018 and is uptrending. It has outperformed by 6.29% the S&P500.

Analysts await Aspen Technology, Inc. (NASDAQ:AZPN) to report earnings on January, 22. They expect $0.66 earnings per share, down 20.48% or $0.17 from last year’s $0.83 per share. AZPN’s profit will be $44.88M for 45.13 P/E if the $0.66 EPS becomes a reality. After $0.68 actual earnings per share reported by Aspen Technology, Inc. for the previous quarter, Wall Street now forecasts -2.94% negative EPS growth.

The stock increased 0.01% or $0.01 during the last trading session, reaching $119.13. About 314,764 shares traded. Aspen Technology, Inc. (AZPN) has risen 44.20% since December 15, 2018 and is uptrending. It has outperformed by 44.20% the S&P500. Some Historical AZPN News: 23/04/2018 – DJ Aspen Technology Inc, Inst Holders, 1Q 2018 (AZPN); 15/05/2018 – Waddell & Reed Financial Inc. Exits Position in Aspen Tech; 14/05/2018 – Aspen Tech Presenting at JPMorgan Conference Tomorrow; 25/04/2018 – ASPEN TECHNOLOGY INC QTRLY TOTAL REVENUE $125.9 MLN VS $119.3 MLN; 04/04/2018 Clio Health Appoints Steve Dailey as CEO to Drive a Patient-Centric Health and Wellness Experience; 09/04/2018 – ASPEN TECHNOLOGY INC AZPN.O : BAIRD RAISES TO OUTPERFORM, RAISES TARGET PRICE TO $90 FROM $77; 25/04/2018 – ASPEN TECH 3Q SUBSCRIPTION & SOFTWARE REV. $118.1M; 25/04/2018 – Aspen Technology 3Q Rev $125.9M; 08/05/2018 – Aspen Tech Presenting at Conference May 15; 25/04/2018 – Aspen Technology 3Q EPS 52c

Two Creeks Capital Management Lp holds 5.89% of its portfolio in Aspen Technology, Inc. for 732,053 shares. Kayne Anderson Rudnick Investment Management Llc owns 6.14 million shares or 3.94% of their US portfolio. Moreover, Waratah Capital Advisors Ltd. has 2.09% invested in the company for 169,328 shares. The Massachusetts-based Copper Rock Capital Partners Llc has invested 1.86% in the stock. Stephens Investment Management Group Llc, a Texas-based fund reported 741,903 shares.

Aspen Technology, Inc. (NASDAQ:AZPN) Institutional Positions Chart

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