Aspen Technology (AZPN)

• Market cap: $15.9B
• 1 day: 0.60%
• 5 days: 0.57%
• 1 month: 2.91%
• 3 months: 11.70%
• 6 months: 21.76%
• Year to date: 15.93%
• 1 year: 29.46%
• 5 years: 105.80%
• 10 years: 628.15%
• Sector: Information Technology
• Industry: Computer Programming Services

About: Aspen Technology is a global leader in asset optimization software, enabling customers within capital-intensive industries to design, operate and maintain their functions to meet their profitability, safety, and sustainability goals. The heritage business of AspenTech was founded in 1981 and provides software solutions purposed to optimize engineering, manufacturing, and supply chain and asset management functions. In 2021, Emerson Electric traded over $6 billion in cash and its Open Systems International (digital grid management) and subsurface science and engineering businesses for 55% of AspenTech's shares. The new AspenTech is the combination of heritage Aspen, OSI, and SSE and serves more than 3,000 customers across 40 countries.

Employees: 3,937

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

235% more call options, than puts

Call options by funds: $9.19M | Put options by funds: $2.75M

56% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 45

17% more capital invested

Capital invested by funds: $5.91B [Q2] → $6.94B (+$1.03B) [Q3]

14% more repeat investments, than reductions

Existing positions increased: 156 | Existing positions reduced: 137

6% more funds holding

Funds holding: 390 [Q2] → 415 (+25) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]

0.84% less ownership

Funds ownership: 46.97% [Q2] → 46.13% (-0.84%) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $217 14% downside
• Avg. target: $244 3% downside
• High target: $260 3% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Piper Sandler Clarke Jeffries 78% 1-year accuracy 35 / 45 met price target	5% downside $240	Neutral Maintained	5 Nov 2024
Loop Capital Mark Schappel 100% 1-year accuracy 15 / 15 met price target	3% upside $260	Buy Maintained	19 Sept 2024
B of A Securities Andrew Obin 91% 1-year accuracy 21 / 23 met price target	3% upside $260	Buy Maintained	18 Sept 2024
Piper Sandler Clarke Jeffries 78% 1-year accuracy 35 / 45 met price target	14% downside $217	Neutral Maintained	18 Sept 2024